Common use of Payment Direction And Authorization Clause in Contracts

Payment Direction And Authorization. Agent shall have received evidence of such Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of the Borrower and the other Loan Parties.

Appears in 3 contracts

Samples: Loan Agreement (Winthrop Realty Trust), Loan Agreement (First Union Real Estate Equity & Mortgage Investments), Loan Agreement (Winthrop Realty Trust)

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Payment Direction And Authorization. Agent shall have received evidence of such Payment Direction Letters set forth in the Loan Agenda in order to evidence the intended management of the cash flow of the Borrower Borrower, the Loan Parties (except the Excepted Loan Parties), and the other Loan PartiesBorrower Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Newkirk Master Lp)

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Payment Direction And Authorization. Agent shall have received evidence of such Payment Direction Letters set forth in required by the Loan Agenda Agent in order to evidence the intended management of the cash flow of the Borrower and certain of the other Loan PartiesParties in accordance with the Cash Management Agreement.

Appears in 1 contract

Samples: Loan Agreement (Shelbourne Properties I Inc)

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