Common use of Loss Proceeds Reserve Sub-Account Clause in Contracts

Loss Proceeds Reserve Sub-Account. Lender shall instruct Agent to withdraw amounts from the Loss Proceeds Reserve Sub-Account and, subject to the conditions for disbursement or application of Loss Proceeds to the Obligations under Section 5.5 of the Loan Agreement, disburse such amounts, or apply same to payment of the Obligation, as applicable, in accordance with Section 5.5 of the Loan Agreement.

Appears in 4 contracts

Samples: Cash Management Agreement, Cash Management Agreement (American Tower Corp /Ma/), Cash Management Agreement (American Tower Corp /Ma/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.