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)
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
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)
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.