No Senior Loan Event of Default. So long as no Event of Default shall have occurred and be continuing under the Senior Loan Documents, all funds held and applied pursuant to the Senior Loan Cash Management Agreement, shall continue to be applied pursuant thereto and shall not be applied by Senior Lender to prepay the outstanding principal balance of the Senior Loan.
Appears in 2 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (KBS Real Estate Investment Trust, Inc.)
No Senior Loan Event of Default. So long as no Continuing Senior Loan Event of Default shall have occurred and be continuing under the Senior Loan Documents, all funds held and applied pursuant to the Senior Loan Cash Management Agreement, shall continue to be applied pursuant thereto and shall not be applied by Senior Lender to prepay the outstanding principal balance of the Senior Loan.
Appears in 1 contract
Samples: Intercreditor Agreement (Wells Fargo Commercial Mortgage Trust 2021-C59)
No Senior Loan Event of Default. So long as no Continuing Event of Default shall have occurred and be continuing under the Senior Loan Documents, all funds held and applied pursuant to the Cash Management Agreement and Senior Loan Agreement, including, without limitation, during any Cash Management AgreementSweep Period, shall continue to be applied pursuant thereto and shall not be applied by Senior Lender to prepay the outstanding principal balance of the Senior LoanLoan other than the application of such funds to the amortization of the Senior Loan as contemplated by the terms and provisions of the Senior Loan Documents and this Agreement.
Appears in 1 contract
