Release of Cash Collateral Funds. Provided no Cash Sweep Period is continuing as of two consecutive Calculation Dates, Lender shall release Cash Collateral Funds in the Cash Collateral Subaccount to Borrower; provided, that in the event of a Low DSCR Cure Prepayment, Lender is required to release the Cash Collateral Funds to Borrower within two (2) Business Days of the date of such Low DSCR Cure Prepayment.
Appears in 2 contracts
Samples: Loan Agreement (American Homes 4 Rent), Loan Agreement (American Homes 4 Rent)
Release of Cash Collateral Funds. Provided no Cash Sweep Trigger Period is continuing as of two (2) consecutive Calculation Dates, Lender shall release Cash Collateral Funds in the Cash Collateral Subaccount Account to Borrower; provided, that in the event of a Low DSCR Cure Prepayment or Low Debt Yield Cure Prepayment, Lender is required to shall release Cash Collateral Funds in the Cash Collateral Funds Account to Borrower within two one (21) Business Days Day of the date of such Low DSCR Cure Prepayment or Low Debt Yield Cure Prepayment.
Appears in 1 contract
Release of Cash Collateral Funds. Provided no Cash Sweep Period is continuing as of two (2) consecutive Calculation DatesDates (or after the second Calculation Date following the making of a Low DSCR Cure Prepayment by Borrower), Lender shall release Cash Collateral Funds in the Cash Collateral Subaccount to Borrower; provided, that in the event of a Low DSCR Cure Prepayment, Lender is required to release the Cash Collateral Funds to Borrower within two (2) Business Days of the date of such Low DSCR Cure Prepayment.
Appears in 1 contract
Samples: Loan Agreement (AG Mortgage Investment Trust, Inc.)
