Common use of Withdrawals from the Debt Service Account Clause in Contracts

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 10 contracts

Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Republic Property Trust)

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Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate, if any.

Appears in 3 contracts

Samples: Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from on deposit in the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default RateRate and unpaid reimbursable costs and expenses incurred by Lender on Borrower’s behalf or in the enforcement of Lender’s rights or remedies under any of the Loan Documents, at law or in equity.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Spirit Realty Capital, Inc.)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from on deposit in the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Netreit, Inc.)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from the Debt Service Account (taking into account any disbursement of the Debt Service Reserve) pursuant to the terms and conditions of Section 7.5 hereof to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Withdrawals from the Debt Service Account. Lender shall have ----------------------------------------- the right to withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Withdrawals from the Debt Service Account. Subject to Section 3.19 hereof, Lender shall have the right to withdraw funds from the Debt Service Account to pay pay, on or before the date when due, the Monthly Debt Service Payment Amount on or after and, if sufficient funds are available for the date when duepayment of such sums, together with any other sums then due and payable under the Loan, including, without limitation, any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Felcor Lodging Trust Inc)

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Withdrawals from the Debt Service Account. Subject to Section 3.19 hereof, Lender shall have the right to withdraw funds from the Debt Service Account to pay pay, on or before the date when due, the Monthly Debt Service Payment Amount on or after and any other sums then due and payable under the date when dueLoan, together with including, without limitation, any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Felcor Lodging Trust Inc)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from the Debt Service Account (taking into account any disbursement of the Debt Service Reserve ) pursuant to the terms and conditions of Section 7.5 hereof to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Management Agreement (Wyndham International Inc)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from on deposit in the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.Rate and unpaid reimbursable costs and expenses incurred by Xxxxxx on Xxxxxxxx’s behalf or in the enforcement of Xxxxxx’s rights or remedies under any of the Loan Documents, at law or in equity. 3.8.5

Appears in 1 contract

Samples: Loan Agreement (CaliberCos Inc.)

Withdrawals from the Debt Service Account. Lender shall have the right to withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Cb Richard Ellis Realty Trust)

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