Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate.
Appears in 25 contracts
Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Istar Inc.), Loan Agreement (Silver Star Properties Reit, Inc)
Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Ratecharges.
Appears in 11 contracts
Samples: Loan Agreement (SITE Centers Corp.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Industrial Logistics Properties Trust)
Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at on the Default RateLoan when due.
Appears in 2 contracts
Samples: Loan Agreement (NorthStar Healthcare Income, Inc.), Loan Agreement (Northstar Realty Finance Corp.)
Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an So long as no Event of DefaultDefault is continuing, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate.charges. β
Appears in 1 contract
Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service AccountAccount allocated for the payment of Debt Service, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate.
Appears in 1 contract
Samples: Junior Loan Agreement (Silver Star Properties Reit, Inc)
Withdrawals from the Debt Service Account. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate. Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Swap Payment Account, if any, shall be used to pay the Monthly Swap Payment if and when due pursuant to the written direction of Borrower.
Appears in 1 contract
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)
