Lease Termination Payments. (i) all fees, penalties, commissions or other payments made to Borrower in connection with or relating to the rejection, buy-out, termination, surrender or cancellation of any Lease (including in connection with any bankruptcy proceeding), (ii) any security deposits or proceeds of letters of credit held by Borrower in lieu of cash security deposits, which Borrower is permitted to retain pursuant to the applicable provisions of any Lease and (iii) any payments made to Borrower relating to unamortized tenant improvements and leasing commissions under any Lease. Legal Requirements: statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting Borrower, any Loan Document or all or part of the Property or the construction, ownership, use, alteration or operation thereof, whether now or hereafter enacted and in force, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instrument, either of record or known to Borrower, at any time in force affecting all or part of the Property.
Lease Termination Payments. (i) all fees, penalties, commissions or other payments made to Borrower in connection with or relating to the rejection, buy-out, termination, surrender or cancellation of any Lease (including in connection with any bankruptcy proceeding), (ii) any security deposits or proceeds of letters of credit held by Borrower in lieu of cash security deposits, which Borrower is permitted to retain pursuant to the applicable provisions of any Lease and (iii) any payments made to Borrower relating to unamortized tenant improvements and leasing commissions under any Lease. Letter of Credit: an irrevocable, unconditional, transferable, clean sight draft letter of credit acceptable to Lender and the Rating Agencies (either an evergreen letter of credit or one which does not expire until at least thirty (30) days after the Maturity Date) for which Borrower shall have no reimbursement obligation and which reimbursement obligation is not secured by the Property or any other property pledged to secure the Note in favor of Lender and entitling Lender to draw thereon in New York, New York, issued by a domestic Eligible Institution or the U.S. agency or branch of a foreign Eligible Institution. Legal Requirements: statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting Borrower, any Loan Document or all or part of the Property or the construction, ownership, use, alteration or operation thereof, whether now or hereafter enacted and in force, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instrument, either of record or known to Borrower, at any time in force affecting all or part of the Property. Lien: any mortgage, deed of trust, lien (statutory or otherwise), pledge, hypothecation, easement, restrictive covenant, preference, assignment, security interest or any other encumbrance, charge or transfer of, or any agreement to enter into or create any of the foregoing, on or affecting all or any part of the Property or any interest therein, or any direct or indirect interest in Borrower, including any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, the filing of any financing statement, and mechanic’s, materialmen’s and other similar liens and encumbrances.
Lease Termination Payments all fees, penalties, commissions or other payments made to Borrower in connection with or relating to the rejection, buy-out, termination, surrender or cancellation of any Lease (including in connection with any bankruptcy proceeding), (ii) any security deposits or proceeds of letters of credit held by Borrower in lieu of cash security deposits, which Borrower is permitted to retain pursuant to the applicable provisions of any Lease and (iii) any payments made to Borrower relating to unamortized tenant improvements and leasing commissions under any Lease.
Lease Termination Payments. If a Cash Management Period has occurred and is continuing (or would occur after giving effect to any Lease Termination Payment (excluding for purposes of such calculation any Gross Income under the Lease that is the subject of such Lease Termination Payment)), then (i) if no Event of Default has occurred and is continuing, all Lease Termination Payments shall be immediately remitted to Administrative Agent for deposit into the Deposit Account and be applied in the same manner as Rents as set forth in Exhibit B to the Cash Management Agreement and (ii) if an Event of Default has occurred and is continuing, all Lease Termination Payments may be applied by Administrative Agent to the Debt in such order of priority as Administrative Agent may determine in its sole discretion.
Lease Termination Payments. Lease termination payments made to Seller by Tenants during the period between the date hereof and the Closing Date shall be apportioned between Seller and Purchaser, with Purchaser receiving a credit in an amount equal to the total Lease termination payment multiplied by the quotient of (A) the number of days between the Closing Date and scheduled expiration of the Lease term in force on the date of termination, divided by (B) the number of days between the termination of the related Lease and the scheduled expiration of the Lease term in force on the date of termination. Any such Lease termination payments owing as of Closing in respect of a termination that occurred prior to Closing shall be apportioned as and when collected in accordance with the principles set forth in this paragraph (o).
Lease Termination Payments. All Lease Termination Payments shall be immediately remitted to Lender. At Lender’s election, such amounts shall either be (a) applied to the Debt, or (b) held by Lender as cash collateral for the Loan.
Lease Termination Payments. Borrower shall pay to Lender all funds received by Borrower from tenants in connection with any cancellation, termination or surrender of any Lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, penalties, and payments relating to unamortized tenant improvements and leasing commissions (collectively, "Lease Termination Payments"), which amounts shall be deposited with and held by Lender as additional security for the Loan (the "Rollover Reserve Fund"). So long as no Event of Default has occurred and is continuing, Lender shall make disbursements of Lease Termination Payments from the Rollover Reserve Fund for expenses reasonably incurred by Borrower in connection with reletting the vacated space as requested by Borrower on a quarterly basis in increments of no less than $15,000.00 upon delivery by Borrower of Lender's standard form of draw request accompanied by copies of paid invoices for the amounts requested and, if required by Lender, lien waivers and releases from all parties furnishing materials and/or services in connection with the requested payment and a copy of the subject Lease. All such expenses shall be approved by Lender in its reasonable discretion as part of Lender's approval of the subject lease. Lender may require an inspection of the Property at Borrower's expense prior to making a quarterly disbursement in order to verify completion of improvements for which reimbursement is sought.
Lease Termination Payments. All fees, penalties, commissions or other payments made to Borrower in connection with or relating to the rejection, buy-out, termination, surrender or cancellation of any Lease (including in connection with any bankruptcy proceeding), (ii) any security deposits or proceeds of letters of credit held by Borrower in lieu of cash security deposits, which Borrower is permitted to retain pursuant to the applicable provisions of any Lease and (iii) any payments made to Borrower relating to unamortized Leasing Expenses under any Lease.
Lease Termination Payments. All Lease Termination Payments (other than any security deposits or proceeds of letters of credit held by Borrower in lieu of cash security deposits, which Borrower is permitted to retain pursuant to the applicable provisions of any Lease) shall be promptly remitted to Lender and deposited into the Lockbox Account. Such amounts shall be disbursed to Borrower unless an Event of Default has occurred and is continuing, in which case Lender may elect to apply the same to the Indebtedness.
Lease Termination Payments. Notwithstanding anything contained in this Agreement to the contrary, within three (3) Domestic Business Days of receipt by or on behalf of Borrower of any Lease Termination Payment, Borrower shall pay such Lease Termination Payment to Lender. Any breach of the provisions of the preceding sentence and the continuation of such breach for two (2) or more Domestic Business Days shall constitute fraud for the purposes of Section 6.20 hereof. Lender shall, in its sole discretion, either (i) at any time after a Sweep Commencement Date, deposit the entire amount or any portion of any Lease Termination Payment into the Cash Collateral Account, (ii) apply the entire amount or any portion of any Lease Termination Payment as a mandatory prepayment of the Loan, or (iii) pay such Lease Termination Payment or any portion thereof at any time to Borrower, in which case such Lease Termination Payment or portion thereof shall be applied by Borrower to the cost of Tenant Improvements.
