Common use of Lock-Box Accounts, Escrow Accounts Clause in Contracts

Lock-Box Accounts, Escrow Accounts. The Master Servicer shall administer each Lock-Box Account and Escrow Account in accordance with the related Mortgage or Loan Agreement or Lock-Box Agreement, if any, and administer any letters of credit pursuant to the related letter of credit agreement and the Loan Documents. Notwithstanding the foregoing, to the extent that any cash amounts are held in an Escrow Account or other cash collateral account and the mortgagee under the related Loan Documents is permitted, but not required, to apply such amounts to prepay the related Mortgage Loan, neither the Master Servicer nor the Special Servicer shall apply such amounts to prepay the Mortgage Loan until after the occurrence of an event of default under the Mortgage Loan that may result in the Mortgage Loan being accelerated or becoming a Specially Serviced Loan.