Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Appears in 17 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders or any Lender to set off or debit as set forth in Section 12.2§15.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower may not access, control or draw upon the same.
Appears in 7 contracts
Samples: Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Term Loan Agreement (Whitestone REIT)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower may not access, control or draw upon the same.
Appears in 4 contracts
Samples: Loan Agreement (Winthrop Realty Trust), Loan Agreement (First Union Real Estate Equity & Mortgage Investments), Loan Agreement (Newkirk Master Lp)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders or any Lender to set off or debit as set forth in Section 12.2§15.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower and the Subsidiary Guarantors may not access, control or draw upon the same.
Appears in 4 contracts
Samples: Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust), Secured Term Loan Agreement (First Potomac Realty Trust)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders or any Lender to set off or debit as set forth in Section 12.210.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Appears in 3 contracts
Samples: Term Loan Agreement (Hines Real Estate Investment Trust Inc), Term Loan Agreement (Hines Real Estate Investment Trust Inc), Credit Agreement (Hines Real Estate Investment Trust Inc)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.29.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Appears in 2 contracts
Samples: Loan Agreement (Charter Municipal Mortgage Acceptance Co), Acquisition Loan Agreement (Chartermac)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each Event of the Lenders to set off or debit as set forth in Section 12.2Default, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower or Collateral Property Owner, as applicable, may not access, control or draw upon the same.
Appears in 2 contracts
Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders or any Lender to set off or debit as set forth in Section 12.213.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Appears in 1 contract
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower may not access, control or draw upon the same.
Appears in 1 contract
Samples: Loan Agreement (Newkirk Master Lp)
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence of any event which would entitle the Administrative Agent and each of the Lenders or any Lender to set off or debit as set forth in Section 12.2§15.2, to freeze, block or segregate any such deposits, balances and other sums so that the Borrower and the Subsidiary Guarantors may not access, control or draw upon the same.. [Reserved]
Appears in 1 contract
Samples: Secured Term Loan Agreement (First Potomac Realty Trust)
Right to Freeze. The Administrative Agent and each of the Lenders Lender (and each Affiliate thereof) shall also have the right, at its their option, upon the occurrence of any event which would entitle the Administrative Agent and each of the or Lenders to set set-off or debit any accounts, deposits, balances or other property of Borrower as set forth in Section 12.213.1, to freeze, block or segregate any of such accounts, deposits, balances and or other sums property so that Borrower may not access, control or draw upon the same.
Appears in 1 contract
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that a Borrower may not access, control or draw upon the same.
Appears in 1 contract
Right to Freeze. The Administrative Agent and each of the Lenders Lender (and each Affiliate thereof) shall also have the right, at its their option, upon the occurrence of any event which would entitle the Administrative Agent and each of the or Lenders to set set-off or debit any accounts, deposits, balances or other property of Borrower as set forth in Section 12.29.3.1, to freeze, block or segregate any of such accounts, deposits, balances and or other sums property so that Borrower may not access, control or draw upon the same.
Appears in 1 contract
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that a Borrower may not access, control or draw upon the same.
Appears in 1 contract
Right to Freeze. The Administrative Agent and each of the Lenders shall also have the right, at its option, upon the occurrence and during the continuance of any event which would entitle the Administrative Agent and each of the Lenders to set off or debit as set forth in Section 12.2, to freeze, block or segregate any such deposits, balances and other sums so that Borrower and/or any other applicable Loan Party may not access, control or draw upon the same.
Appears in 1 contract