Rental Proceeds. Ensure that all sums comprising part of the Rental Proceeds will be dealt with in the manner set out in Section 6 or in such other manner directed by the Bank.
Rental Proceeds. To remit to OWNER on or about the 10th of each month a statement of receipts disbursements and charges and rental proceeds that may apply over and beyond the reserve operating balance of $500 to OWNER. In the event disbursements and charges are in excess of receipts, OWNER agrees to pay the excess within fourteen (14) days of receiving the monthly statement. *(Note) Proceeds are released one month in arrears of receipt of rent. Property Management:
Rental Proceeds. All proceeds from the renting of Journey facilities set forth in this section shall be collected by Management Company, and be the property of the Management Company.
Rental Proceeds. If there is a -0- Zero balance on the account, then net rental proceeds will be processed and mailed to the address on record the 20th of the month following the rental.
Rental Proceeds. Borrower acknowledges that the security --------------- interest granted herein extends to all of Borrower's rights as lessor under any future lease of any of the Collateral. Borrower acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the leased Collateral unless Lender specifically agrees to the contrary in writing.
Rental Proceeds. The security interest granted herein extends to all of Grantor's rights as lessor under any present or future lease of any of the Collateral. Grantor acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code, as it may be amended. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the Collateral unless Lender specifically agrees to the contrary in writing.
Rental Proceeds. Borrower acknowledges that the security interest granted herein extends to all of Borrower's rights as lessor under any future lease of any of the Collateral. Borrower acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code. As provided above, Borrower must obtain Lender's prior consent if Borrower wishes to lease any of the Collateral. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the leased Collateral unless Lender specifically agrees to the contrary in writing.
Rental Proceeds. The Assignor undertakes to open and maintain the Rental Account with the Bank and to pay all the Rental Proceeds into such Rental Account, provided that the Bank may at its absolute discretion require all or any Rental Proceeds to be paid directly to the Bank towards reduction of the Indebtedness or for any other purpose as the Bank may in its absolute discretion decide. In the event that any sum of the Rental Proceeds is paid to or received by the Assignor (without the prior written approval of the Bank for the Assignor to use or retain that sum), the Assignor shall hold that sum on trust for the Bank and shall forthwith pay the same into the Rental Account or such other account as the Bank may permit or at the Bank’s absolute discretion, direct. The Assignor shall not (save with the prior written consent of the Bank) withdraw (or attempt to withdraw), or deal with (or agree, conditionally or unconditionally, to deal with) any of the moneys from time to time standing to its credit in the Rental Account hereof or purport or attempt to do any other act or thing which may in any way delay or prejudice the right of the Bank to receive payment of such moneys. The Assignor hereby irrevocably authorises the Bank to draw, appropriate and apply all or any moneys for the time being standing to the credit of the Rental Account in or towards payment of, all or part of any Indebtedness or for any other purpose as the Bank may in its absolute discretion decide. The Bank shall have the power at anytime, either in its own name or in the name of the Assignor, and without notice to the Assignor or any other person, to withdraw or convert into any currency any moneys from time to time standing to the credit of the Assignor in the Rental Account and apply such moneys in or towards payment or satisfaction of Indebtedness or for any other purpose as the Bank may in its absolute discretion decide.
Rental Proceeds. The parties agree that in the event the Property is rented to a third party under the provisions of this Agreement, any rents paid by such third party shall be applied to the payment of any expenses or obligations of Occupant referred to in Section 2.2 or 2.4(a) above.
