Mortgage Cash Management Account. (a) During the term of the Loan, Borrowers shall cause Mortgage Borrowers to establish and maintain a segregated Eligible Account (the “Mortgage Cash Management Account”), which Mortgage Cash Management Account shall be under the sole dominion and control of Mortgage Lender and shall comply with all of the terms and conditions set forth in Section 2.6.2 of the Mortgage Loan Agreement.
Appears in 8 contracts
Samples: Third Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), First Mezzanine Loan Agreement (Morgans Hotel Group Co.), Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)
Mortgage Cash Management Account. (a) During the term of the Loan, Borrowers shall cause Mortgage Borrowers to establish and maintain a segregated Eligible Account (the “Mortgage Cash Management Account”), which Mortgage Cash Management Account shall be under the sole dominion and control of Mortgage Lender and shall comply with all of the terms and conditions set forth in Section 2.6.2 of the Mortgage Loan Agreement.. 76
Appears in 1 contract
Samples: Third Mezzanine Loan Agreement (Morgans Hotel Group Co.)
