Common use of Operating and Reserve Accounts Clause in Contracts

Operating and Reserve Accounts. Borrower shall maintain all operating and reserve accounts for the Property with Lender, and such accounts shall be, and are hereby, pledged to Lender to secure the Obligations.

Appears in 3 contracts

Samples: Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)

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Operating and Reserve Accounts. Borrower shall maintain all operating and reserve accounts for the Mortgaged Property with Lender, and such accounts shall be, and are hereby, be pledged to Lender to secure the Obligations.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Global Growth Trust, Inc.)

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