Excess Cash Flow Reserve Account definition

Excess Cash Flow Reserve Account shall have the meaning set forth in Section 7.5 hereof.

Excess Cash Flow Reserve Account has the meaning given to such term in the Cash Management Agreement.

Excess Cash Flow Reserve Account and shall be applied in accordance with Section 5.1.6 hereof. Upon the occurrence of a Cash Management Termination Event with respect to any Cash Management Period, any amounts remaining in the Excess Cash Flow Reserve Account shall be released to Borrower. If an Event of Default has occurred and remains outstanding, then Administrative Agent shall apply such funds as determined by Administrative Agent. Any Excess Cash Flow remaining on deposit in the Excess Cash Flow Reserve Account upon the satisfaction in full of the Debt (exclusive of any indemnification or other obligations which are expressly stated in any of the Loan Documents to survive the satisfaction of the Note(s) in full, shall be disbursed to Mezzanine Administrative Agent for application in accordance with the Mezzanine Loan Documents, or if the Mezzanine Loan shall no longer be outstanding, to Borrower. Notwithstanding anything to the contrary contained herein, including, without limitation, Section 5.1.6(a)(xi), (a) provided no Event of Default exists, upon written request from Borrower from time to time, Administrative Agent shall disburse amounts on deposit in the Excess Cash Flow Reserve Account to Borrower for the payment of REIT Compliance Distributions, and (b) other than amounts disbursed to Borrower pursuant to the foregoing clause (a), Borrower shall not be entitled to receive any disbursements of amounts on deposit in the Excess Cash Flow Reserve Account as long as any portions of the TI/LC Allocation, the Hotel Unit Work Allocation and/or the Interest/OpEx Allocation remain to be advanced by Lenders hereunder.”

Examples of Excess Cash Flow Reserve Account in a sentence

• Such a release shall not preclude the subsequent commencement of a Trigger Period and the deposit of amounts into the Excess Cash Flow Reserve Account as set forth in Section 3.2(b).

• Last, any amounts remaining in the Concentration Account after application in accordance with the foregoing (such remaining amounts, “ Excess Cash Flow ”), (x) fifty percent (50%) of such Excess Cash Flow to Administrative Agent, for deposit into the Liberty Excess Cash Flow Reserve Account, and (y) fifty percent (50%) of such Excess Cash Flow to Fifth Third Bank, for deposit into the FT Excess Cash Flow Account.

• If on any Payment Date the amount in the Cash Management Account is insufficient to make all of the transfers described above (other than remittance of excess cash to the Excess Cash Flow Reserve Account or the Operating Account), then Borrower shall remit to the Cash Management Account on such Payment Date the amount of such deficiency.

• Lender will maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the deposit of amounts required to be deposited therein in accordance with Section 3.2(b) (the "Excess Cash Flow Reserve Account").

• Provided that no Event of Default is then continuing, Lender shall release to the Cash Management Account all amounts then contained in the Excess Cash Flow Reserve Account on the first Payment Date after Borrower delivers to Lender evidence reasonably satisfactory to Lender establishing that no Trigger Period is then continuing.

More Definitions of Excess Cash Flow Reserve Account

Excess Cash Flow Reserve Account shall have the meaning set forth in the Mortgage Loan Agreement.

Excess Cash Flow Reserve Account. Lender shall establish sub-accounts within the Excess Cash Flow Reserve Account for Borrower’s Excess Cash Flow (“Borrower’s Excess Cash Flow Subaccount”) and for Master Tenant’s Excess Cash Flow (“Master Tenant’s Excess Cash Flow Subaccount”). Pursuant to the terms of the Cash Management Agreement, Excess Cash Flow shall be allocated between Master Tenant’s Excess Cash Flow and Borrower’s Excess Cash Flow as set forth in written instructions from Master Tenant to Borrower and Lender. All funds in the Borrower’s Excess Cash Flow Subaccount shall be held as additional collateral for the Loan. All funds in the Master Tenant’s Excess Cash Flow Subaccount shall be held as additional collateral for Master Tenant’s obligations under the Master Lease (which has been collaterally assigned by Borrower to Lender).

Excess Cash Flow Reserve Account means an account held by Lender, or Lender's designee, in which the excess cash flow deposited in accordance with the provisions of Section 4.07 of this Loan Agreement will be held, which shall not constitute a trust fund.

Excess Cash Flow Reserve Account. Lender shall establish sub-accounts within the Excess Cash Flow Reserve Account for Borrower’s Excess Cash Flow (“Borrower’s Excess Cash Flow Subaccount”) and for Master Tenant’s Excess Cash Flow (“Master Tenant’s Excess Cash Flow Subaccount”). Pursuant to the terms of the Cash Management Agreement, Excess Cash Flow shall be allocated between Master Tenant’s Excess Cash Flow and Borrower’s Excess Cash Flow as set forth in written instructions from Master Tenant to Borrower and Lender, which shall be provided to Lender promptly by Master Tenant (and in any event, no later than one (1) Business Day after Lender’s written request therefor). All funds in the Borrower’s Excess Cash Flow Subaccount shall be held as additional collateral for the Loan, provided that during the continuance of an Event of Default, Lender may, in addition to any and all other rights and remedies available to Lender, apply any sums then present in Borrower’s Excess Cash Flow Subaccount to the payment of the Debt in any order in its sole discretion. All funds in the Master Tenant’s Excess Cash Flow Subaccount shall be held as additional collateral for Master Tenant’s obligations under the Master Lease (which has been collaterally assigned by Borrower to Lender); provided, further, that upon the occurrence of an Event of Default and the acceleration of the Loan by Lender, Lender may, in addition to any and all other rights and remedies available to Lender, apply any sums then present in Master Tenant’s Excess Cash Flow Subaccount to the payment of the Debt in any order in its sole discretion.

Excess Cash Flow Reserve Account has the meaning set forth in Section 3.9(a). 9

Excess Cash Flow Reserve Account shall have the meaning set forth in the Security Agreement.

Excess Cash Flow Reserve Account. Lender shall establish sub-accounts within the Excess Cash Flow Reserve Account for Borrower’s Excess Cash Flow and for Master Lessee’s Excess Cash Flow. Pursuant to the terms of the Cash Management Agreement, Excess Cash Flow shall be allocated between Master Lessee’s Excess Cash Flow and Borrower’s Excess Cash Flow as set forth in written instructions from Master Lessee to Borrower and Lender.