Mortgage Loan Reserve Funds. Any Mortgage Loan Reserve Funds that Mortgage Lender disburses to Lender during the continuance of an Event of Default shall be held and applied by Lender to the payment of the Debt in such order and priority determined by Lender in its sole discretion.
Appears in 4 contracts
Samples: Mezzanine B Loan Agreement (Archstone Smith Operating Trust), Mezzanine a Loan Agreement (Archstone Smith Operating Trust), Mezzanine a Loan Agreement (Archstone Smith Operating Trust)