Common use of Maintenance of Collateral Accounts Clause in Contracts

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Accounts (First Mezzanine) is and shall be maintained (i) as a “deposit account” (as such term is defined in Section 9-102(a)(29) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 9-104(a)(2) of the UCC) over the Mezzanine Account and (iii) such that no Person other than Mezzanine Lender shall have any right of withdrawal from the Collateral Accounts (First Mezzanine) and, except as provided herein, no Account Collateral (First Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower from the Collateral Accounts (First Mezzanine). Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Accounts (First Second Mezzanine) is and shall be maintained (i) as a “deposit account” (as such term is defined in Section 9-102(a)(29) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 9-104(a)(2) of the UCC) over the Mezzanine Account and (iii) such that no Person other than Mezzanine Lender shall have any right of withdrawal from the Collateral Accounts (First Second Mezzanine) and, except as provided herein, no Account Collateral (First Second Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower from the Collateral Accounts (First Second Mezzanine). Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Accounts (First Mezzanine) is are and shall each be maintained (i) as a “deposit securities account” (as such term is defined in Section 98-102(a)(29501(a) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 98-104(a)(2106(d)(2) of the UCC) over the Mezzanine Account and Collateral Accounts (Mezzanine) thereof, (iii) such that no Person other than Mezzanine Lender Borrower, and Manager shall have any no right of withdrawal from the Collateral Accounts (First Mezzanine) and, except as provided herein, no Account Collateral (First Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower Manager from the Collateral Accounts (First Mezzanine). Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement (Mezzanine) or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Accounts (First Fourth Mezzanine) is and shall be maintained (i) as a “deposit account” (as such term is defined in Section 9-102(a)(29) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 9-104(a)(2) of the UCC) over the Mezzanine Account and (iii) such that no Person other than Mezzanine Lender shall have any right of withdrawal from the Collateral Accounts (First Fourth Mezzanine) and, except as provided herein, no Account Collateral (First Fourth Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower from the Collateral Accounts (First Fourth Mezzanine). Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Intermediate Mezzanine Account and the Sub-Accounts (First Mezzanine) is are and shall each be maintained (i) as a “deposit "securities account” " (as such term is defined in Section 98-102(a)(29501(a) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 98-104(a)(2106(d)(2) of the UCC) over the Intermediate Mezzanine Account and any Sub-Account thereof, (iii) such that no Person other than Mezzanine Lender Borrower and Manager shall have any no right of withdrawal from the Collateral Intermediate Mezzanine Account or the Sub-Accounts (First Mezzanine) and, except as provided herein, no Account Collateral (First Intermediate Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower Manager from the Collateral Accounts (First Mezzanine)Intermediate Mezzanine Account or the Sub-Accounts. Without limiting the Mezzanine Borrower’s 's obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Intermediate Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement (Intermediate Mezzanine) or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Accounts (First Third Mezzanine) is and shall be maintained (i) as a “deposit account” (as such term is defined in Section 9-102(a)(29) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 9-104(a)(2) of the UCC) over the Mezzanine Account and (iii) such that no Person other than Mezzanine Lender shall have any right of withdrawal from the Collateral Accounts (First Third Mezzanine) and, except as provided herein, no Account Collateral (First Third Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower from the Collateral Accounts (First Third Mezzanine). Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Junior Mezzanine Account and the Sub-Accounts (First Mezzanine) is are and shall each be maintained (i) as a “deposit "securities account” " (as such term is defined in Section 98-102(a)(29501(a) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 98-104(a)(2106(d)(2) of the UCC) over the Junior Mezzanine Account and any Sub-Account thereof, (iii) such that no Person other than Mezzanine Lender Borrower, and Manager shall have any no right of withdrawal from the Collateral Junior Mezzanine Account or the Sub-Accounts (First Mezzanine) and, except as provided herein, no Account Collateral (First Junior Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower Manager from the Collateral Accounts (First Mezzanine)Junior Mezzanine Account or the Sub-Accounts. Without limiting the Mezzanine Borrower’s 's obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Junior Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement (Junior Mezzanine) or in such other form acceptable to Mezzanine Lender in its sole discretion.

Maintenance of Collateral Accounts. (a) Mezzanine Borrower agrees that each of the Collateral Senior Mezzanine Account and the Sub-Accounts (First Mezzanine) is are and shall each be maintained (i) as a “deposit "securities account” " (as such term is defined in Section 98-102(a)(29501(a) of the UCC), (ii) in such a manner that Mezzanine Lender shall have control (within the meaning of Section 98-104(a)(2106(d)(2) of the UCC) over the Senior Mezzanine Account and any Sub-Account thereof, (iii) such that no Person other than Mezzanine Lender Borrower, and Manager shall have any no right of withdrawal from the Collateral Senior Mezzanine Account or the Sub-Accounts (First Mezzanine) and, except as provided herein, no Account Collateral (First Senior Mezzanine) shall be released to the Mezzanine Borrower or any Affiliate of Mezzanine Borrower Manager from the Collateral Accounts (First Mezzanine)Senior Mezzanine Account or the Sub-Accounts. Without limiting the Mezzanine Borrower’s 's obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Senior Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement (Senior Mezzanine) or in such other form acceptable to Mezzanine Lender in its sole discretion.