Release of Excess Cash Flow Funds. (a) Upon the termination of a Cash Sweep Trigger Event Period and provided that no other Cash Sweep Trigger Event shall have occurred and remain outstanding, all funds on deposit in the Excess Cash Flow Account shall be deposited into the Cash Management Account and applied in accordance with this Agreement and the Cash Management Agreement. (b) All costs and expenses incurred by Lender in connection with holding and disbursing the Excess Cash Flow Funds shall be paid by Borrower.
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Samples: Loan Agreement (Ionis Pharmaceuticals Inc), Loan Agreement (Ionis Pharmaceuticals Inc)
Release of Excess Cash Flow Funds. (a) Upon the termination of a Cash Sweep Trigger Event Period and provided that no other Cash Sweep Trigger Event shall have occurred and remain outstanding, all funds on deposit in the Excess Cash Flow Account shall be deposited into the Cash Management Account and applied in accordance with this Agreement and the Cash Management Agreement.
(b) All costs and expenses incurred by Lender in connection with holding and disbursing the Excess Cash Flow Funds shall be paid by Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Consolidated Tomoka Land Co), Loan Agreement (Morgans Hotel Group Co.)
Release of Excess Cash Flow Funds. (a) Upon the termination of a Cash Sweep Trigger Event Period and provided that no other Cash Sweep Trigger Event shall have occurred and remain outstanding, all funds on deposit in the Excess Cash Flow Account shall be deposited into the Cash Management Account and applied in accordance with this Agreement and the Cash Management Agreementdisbursed to Borrower.
(b) All costs and expenses incurred by Lender in connection with holding and disbursing the Excess Cash Flow Funds shall be paid by Borrower.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
Release of Excess Cash Flow Funds. (a) Upon the termination of a Cash Sweep Trigger Event Period and provided that no other Cash Sweep Trigger Event shall have occurred and remain outstanding, all funds on deposit in the Excess Cash Flow Account shall be deposited into the Cash Management Account and applied in accordance with this Agreement and the Cash Management Agreement.
(b) All reasonable out-of-pocket costs and expenses incurred by Lender in connection with holding and disbursing the Excess Cash Flow Funds shall be paid by Borrower.
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