Assignment of Interest Rate Protection Agreement definition
Examples of Assignment of Interest Rate Protection Agreement in a sentence
Lender shall have also received from Borrower fully executed counterparts of this Agreement, the Note, the Collateral Assignment of Interest Rate Protection Agreement and all other Loan Documents.
Additionally, Borrower shall collaterally assign to Lender, pursuant to the Collateral Assignment of Interest Rate Protection Agreement, all of its right, title and interest to receive any and all payments under the Interest Rate Protection Agreement, and shall deliver to Lender an executed counterpart of such Interest Rate Protection Agreement (which shall, by its terms, authorize the assignment to Lender and require that payments be deposited directly into the Restricted Account.
Contemporaneously with the execution of the Interest Rate Protection Agreement, Borrower shall execute and deliver to Agent the Assignment of Interest Rate Protection Agreement.
Until an Event of Default or such Funds are applied as provided for herein in the other Loan Documents, Borrowers shall be the joint owners of the Interest Reserve Funds, the Tax Funds, the Insurance Premium Funds and all payments received by Lender from the Counterparty under and pursuant to any Assignment of Interest Rate Protection Agreement (collectively, the “Funds”), all of which shall be deposited and held in the Mezzanine Loan Collection Account.
Collateral Assignment of Interest Rate Protection Agreement dated September 18, 2006 by Xxxxxxx Westchase, LLC in favor of Agent, as agent for Lender.