Release of Excess Cash Flow Funds. (a) Upon the termination of a Cash Sweep Event Period and provided that no other Cash Sweep 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.
Appears in 3 contracts
Samples: Loan Agreement (Hersha Hospitality Trust), 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 Agreement.
Appears in 2 contracts
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 Event Period and provided that no other Cash Sweep 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.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
