Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents.
Appears in 44 contracts
Samples: Assignment of Management Agreement, Management Agreement, Management Agreement
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents.. Assignment of Management Agreement and Page 3
Appears in 7 contracts
Samples: Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.)
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents. 7.
Appears in 6 contracts
Samples: Property Management Agreement, Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT, Inc.)
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents.. Assignment of Management Agreement and
Appears in 3 contracts
Samples: Assignment of Management Agreement (Steadfast Apartment REIT, Inc.), www.sec.gov, Assignment of Management Agreement (Steadfast Apartment REIT, Inc.)
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Funding Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Funding Lender, to be applied by Funding Lender to amounts due under the Loan Financing Documents.
Appears in 2 contracts
Samples: Assignment of Management Agreement, Assignment of Management Agreement
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Funding Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Funding Lender, to be applied by Funding Lender to amounts due under the Loan Financing Documents.
Appears in 2 contracts
Samples: Management Agreement, Management Agreement
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, . to be applied by Lender to amounts due under the Loan Documents. 7.
Appears in 1 contract
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager hereby agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Note, Security Instrument or any other Loan Documents.
Appears in 1 contract
Samples: Management Agreement (Paladin Realty Income Properties Inc)
Receipt of Management Fees. Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager hereby agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Note, the Loan Agreement, the Security Instrument or any other Loan Documents.
Appears in 1 contract
Samples: Assignment of Management Agreement (Steadfast Income REIT, Inc.)