Interest on Reserve Funds. Interest accrued, if any, on the Reserve Funds shall become part of the applicable Reserve Fund and shall be disbursed in accordance with the disbursement procedures contained herein applicable to such Reserve Fund.
Appears in 3 contracts
Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Mezzanine Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)
Interest on Reserve Funds. Interest accrued, if any, on the Reserve Funds shall become part of the applicable Reserve Fund and shall be disbursed in accordance with the disbursement procedures contained herein applicable to such Reserve Fund. Upon written request from Borrower, Lender (or Servicer on its behalf) shall invest the Cash Trap Funds in Permitted Investments.
Appears in 1 contract
Samples: Loan Agreement (Industrial Logistics Properties Trust)
Interest on Reserve Funds. Interest accrued, if any, on the Reserve Funds shall become part of the applicable Reserve Fund and shall be disbursed in accordance with the disbursement procedures contained herein applicable to such Reserve Fund. Cash Trap Funds shall be invested in Permitted Investments.
Appears in 1 contract
Samples: Loan Agreement (Industrial Logistics Properties Trust)
