Payments from Sub-Accounts. Borrower irrevocably authorizes Lender to make and, provided no Event of Default shall have occurred and be continuing, Lender hereby agrees to make, the following payments from the Sub-Accounts to the extent of the monies on deposit therefor:
Appears in 20 contracts
Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)
Payments from Sub-Accounts. (a) Borrower irrevocably authorizes Lender to make and, provided no Event of Default shall have occurred and be continuing, Lender hereby agrees to make, the following payments from the Sub-Accounts to the extent of the monies on deposit therefor:
Appears in 1 contract
Payments from Sub-Accounts. (a) Borrower irrevocably authorizes Lender to make and, provided no Event of Default shall have occurred and be continuing, Lender hereby agrees to make (and hereby instructs Cash Management Bank to make), the following payments from the Sub-Accounts to the extent of the monies on deposit therefor:
Appears in 1 contract
Samples: Restructuring Agreement (Strategic Hotels & Resorts, Inc)
