Common use of Unused Proceeds Account Clause in Contracts

Unused Proceeds Account. (a) The Trustee shall, on or prior to the Closing Date, establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties, into which the amount specified in Section 3.2(f) shall be deposited. All amounts credited from time to time to the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.

Appears in 7 contracts

Samples: Indenture (Arbor Realty Trust Inc), Arbor (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc)

AutoNDA by SimpleDocs

Unused Proceeds Account. (a) The Trustee shall, on or shall prior to the Closing Date, Date establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured PartiesNoteholders, into which the amount specified in Section 3.2(f3.2(g) shall be deposited. All amounts credited Monies deposited from time to time to in the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.

Appears in 3 contracts

Samples: Gramercy Real (Gramercy Capital Corp), Cdo Servicing Agreement (Gramercy Capital Corp), Capitalsource Inc

Unused Proceeds Account. (a) The Trustee shall, on or prior to the Closing Date, establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties, into which the amount specified in Section 3.2(f) shall be deposited. All amounts credited from time to time to the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets Collateral and shall be applied to the purposes herein provided.

Appears in 1 contract

Samples: Indenture (LoanCore Realty Trust, Inc.)

Unused Proceeds Account. (a) The Trustee shall, on or shall prior to the Closing Date, Date establish a single, segregated trust account which shall be designated as the "Unused Proceeds Account" which shall be held in trust in the name of the Trustee for the benefit of the Secured PartiesNoteholders and each Hedge Counterparty, into which the amount specified in Section 3.2(f3.2(g) shall be deposited. All amounts credited Monies deposited from time to time to in the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Unused Proceeds Account. (a) The Trustee shall, on or prior to the Closing Date, establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties, into which the amount specified in Section 3.2(f) shall be deposited. All amounts credited from time to time to the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.. 146

Appears in 1 contract

Samples: Indenture (Arbor Realty Trust Inc)

AutoNDA by SimpleDocs

Unused Proceeds Account. (a) The Trustee shall, on or shall prior to the Closing Date, Date establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties, into which the amount specified in Section 3.2(f3.2(g) shall be deposited. All amounts credited Monies deposited from time to time to in the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets Collateral and shall be applied to the purposes herein provided.

Appears in 1 contract

Samples: Management Agreement and Servicing Agreement (CBRE Realty Finance Inc)

Unused Proceeds Account. (a) The Trustee shall, on or shall prior to the Closing Date, Date establish a single, segregated trust account which shall be designated as the "Unused Proceeds Account" which shall be held in trust in the name of the Trustee for the benefit of the Secured Parties, into which the amount specified in Section 3.2(f3.2(g) shall be deposited. All amounts credited Monies deposited from time to time in the Unused Proceeds Account pursuant to this Indenture, including, without limitation, any amounts transferred to the Unused Proceeds Account pursuant to this Indenture Section 10.6(c), shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.

Appears in 1 contract

Samples: Arbor Realty Trust Inc

Unused Proceeds Account. (a) The Trustee shall, on or shall prior to the Closing Date, Date establish a single, segregated trust account which shall be designated as the “Unused Proceeds Account” which shall be held in trust in the name of the Trustee for the benefit of the Secured PartiesNoteholders and each Hedge Counterparty, into which the amount specified in Section 3.2(f3.2(g) shall be deposited. All amounts credited Monies deposited from time to time to in the Unused Proceeds Account pursuant to this Indenture shall be held by the Trustee as part of the Assets and shall be applied to the purposes herein provided.

Appears in 1 contract

Samples: Marathon Real Estate Finance, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.