Common use of Income from Property Clause in Contracts

Income from Property. Borrower shall first apply all income derived from the Property, including all income from Leases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the Property, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. Borrower shall first apply all income derived from the Property, including all income from Leasesleases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the Property, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. Borrower shall first apply all income derived from the Property, including all income from Leases, to pay costs and expenses associated incurred in connection with the ownership, maintenance, operation and leasing of the PropertyProperty which are currently due and payable, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. Borrower shall first apply all income derived from the Eligible Property, including all income from Leases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the PropertyEligible Properties, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. Borrower shall first apply all income from leases, and all other income derived from the Property, including all income from Leases, to pay costs and expenses associated with the ownership, maintenance, development, operation and leasing marketing of the PropertyLand and Improvements, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed purpose or paid to using any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in fullinterest reserve.

Income from Property. Borrower shall must first apply all income derived from the Property, including all income from Leasesleases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the Property, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall is to be distributed or paid to any membershareholder, partner, shareholder or member of Borrower, or, if Borrower is a trust, to any beneficiary beneficiary, settlor or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. Borrower shall must first apply all income derived from the Property, including all income from Leasesleases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the Property, including all amounts then required to be paid under the Loan DocumentsDocuments and Swap Contracts, before using or applying such income for any other purpose. No such income shall is to be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.

Income from Property. The Borrower shall first apply all income derived from the Property, including all income from Leasesamounts deposited by NVR with the Borrower, to pay costs and expenses associated with the development, ownership, maintenance, operation and leasing sale of the Property, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall be distributed or paid to any member, partner, shareholder or, if the Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due the Obligations shall have been paid in full.

Income from Property. Borrower shall must first apply all income derived from the -------------------- Property, including all income from Leasesleases, to pay costs and expenses associated with the ownership, maintenance, operation and leasing of the Property, including all amounts then required to be paid under the Loan Documents, before using or applying such income for any other purpose. No such income shall is to be distributed or paid to any member, partner, shareholder or, if Borrower is a trust, to any beneficiary or trustee, unless and until all such costs and expenses which are then due shall have been paid in full.