Shared Collateral Account. Lender has extended a loan in the amount of $12,000,000 to APH&R Property Holdings, LLC, Northridge HC&R Property Holdings, LLC, and Woodland Hills HC Property Holdings, LLC, each a Georgia limited liability company, pursuant to a Loan Agreement dated as of February 25, 2015 (the “Related Loan Agreement”). Pursuant to the terms of Section 3.4 of the Related Loan Agreement, a $2,000,000 Collateral Account (the “Collateral Account”) is established which secures both the loan under the Related Loan Agreement and the Loan under this Agreement. Section 3.4 of the Related Loan Agreement sets forth the conditions under which the Collateral Account is to be released as collateral. The following are conditions of this Agreement and the Loan:
Shared Collateral Account. The Collateral Trustee will cause to be established at a banking institution to be selected by the Collateral Trustee a cash collateral account (the "Shared Collateral Account"), which
Shared Collateral Account. 17 4.02 Investment.......................................................................... 18 4.03 Deposits............................................................................ 18 4.04 Distributions....................................................................... 18 4.05 Calculations........................................................................ 20 4.06
Shared Collateral Account. Not later than the first date on which funds are required to be deposited therein pursuant to this Agreement or any other Shared Security Document, the Collateral Agent shall maintain an account (the "Shared Collateral Account") at such office as it may designate from time to time in its own name as Collateral Agent. All right, title and interest in and to the Shared Collateral Account and funds on deposit therein and investments and reinvestments thereof shall vest in the Collateral Agent and shall be subject to the exclusive dominion and control of the Collateral Agent.
Shared Collateral Account. For purposes of collecting cash proceeds of the Joint Stock Collateral, the Collateral Agent shall establish one or more deposit accounts at its Office, titled in its own name as Collateral Agent hereunder (collectively, the "Shared Collateral Account"). The Collateral Agent shall maintain the Shared Collateral Account as agent hereunder, and the assets therein shall be segregated and not commingled with other assets of the Collateral Agent. The Shared Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent and shall constitute shared collateral
Shared Collateral Account. For purposes of collecting cash proceeds of the Collateral, the Collateral Agent shall establish one or more deposit accounts with a financial institution selected by the Collateral Agent, titled in its own name as Collateral Agent hereunder (collectively, the "Shared Collateral Account"). The Collateral Agent shall deposit in the Shared Collateral Account for distribution pursuant to Section 4.4 hereof, all cash proceeds from the disposition of, or realization upon, Collateral and all other funds required to be so deposited under any Security Document or any other Loan Document. No other funds shall be deposited in the Shared Collateral Account or commingled with funds in the Shared Collateral Account. The Shared Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent and shall constitute shared collateral hereunder. All right, title and interest in and to the Shared Collateral Account, funds on deposit therein from time to time, all proceeds of the conversion thereof into cash, instruments, securities or other property, and all other proceeds thereof, shall vest in the Collateral Agent, and the Debtor hereby confirms and agrees that all such items shall remain subject to the Lien of the Collateral Agent, subject to no other Lien.
Shared Collateral Account. The Collateral Trustee will cause to be established at a banking institution to be selected by the Collateral Trustee one or more cash collateral accounts (collectively, the "SHARED COLLATERAL ACCOUNT"), which
Shared Collateral Account. (a) So long as any Shared Collateral Obligations remain outstanding under the Loan Documents or any Existing Note shall remain outstanding, a non-interest bearing cash collateral account (the "SHARED COLLATERAL ACCOUNT") for the Secured Holders in respect of the Secured Indebtedness Agreements shall be maintained by the Corporate Trustee at its offices at its corporate trust department in the State of Delaware in accordance with the terms of this Agreement. All moneys that are received by the Collateral Trustees upon the occurrence and during the continuance of an Actionable Default, upon liquidation or otherwise in respect of the Shared Collateral shall be deposited in the Shared Collateral Account and, thereafter, shall be held and applied by the Corporate Trustee all in accordance with the terms of this Agreement.
Shared Collateral Account. Not later than the first date on which funds are required to be deposited therein pursuant to this Agreement or any other Shared Security Document, the Collateral Agent shall maintain one or more accounts (collectively, the "Shared Collateral Account") at such office of the Collateral Agent as it may designate from time to time in its own name as Collateral Agent. All right, title and interest in and to the Shared Collateral Account shall vest in the Collateral Agent and the Shared Collateral Account shall be subject to the exclusive dominion and control of the Collateral Agent.
Shared Collateral Account
