Common use of Payments Received in the Lockbox Account Clause in Contracts

Payments Received in the Lockbox Account. Notwithstanding ---------------------------------------- anything to the contrary contained in this Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Borrower's obligations with respect to the monthly payment of principal and interest and amounts due for the Reserve Funds shall be deemed satisfied to the extent sufficient amounts are on deposit in the Lockbox Account to satisfy such obligations at the time each such payment is required, regardless of whether any of such amounts are so applied by Lender.

Payments Received in the Lockbox Account. Notwithstanding ---------------------------------------- anything to the contrary contained in this Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Borrower's obligations with respect to the monthly payment of principal and interest and any amounts due for the Reserve Funds shall be deemed satisfied to the extent sufficient amounts are on deposit deposited in the Lockbox Account to satisfy such obligations at and any other obligations due on the time dates each such payment is required, regardless of whether any of such amounts are so applied by Lender.

Payments Received in the Lockbox Account. Notwithstanding ---------------------------------------- anything to the contrary contained in this Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Borrower's obligations with respect to the monthly payment of principal and interest and amounts due for the Reserve Funds shall be deemed satisfied to the extent sufficient amounts are on deposit deposited in the Lockbox Account to satisfy such obligations at on the time dates each such payment is required, regardless of whether any of such amounts are so applied by Lender.