Lockbox Event Period definition

Lockbox Event Period. As defined in the Loan Agreement.
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Lockbox Event Period means each period commencing on the occurrence of a Lockbox Event and continuing until the earlier of (a) the date on which the Lockbox Event Cure is effectuated, or (b) payment in full of all principal and interest on the Loan and all other amounts then due and payable under the Loan Documents in accordance with the terms and provisions of the Loan Documents.
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Lockbox Event Period shall have the meaning set forth in Section 2.6.1(c).
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Examples of Lockbox Event Period in a sentence

  • During a Lockbox Event Period, Borrower shall deposit with Lender on each Payment Date an amount equal to $10,688.00 (the “Capital Improvement Reserve Monthly Deposit”) to be used for improvements, replacements and/or repairs to be made to the Property including, without limitation, repairs to, and replacements of, the structural components, roofs, building systems and parking lots, in each case whether or not required to be capitalized under GAAP (collectively, the “Capital Improvements”).

  • Lender shall make disbursements from the Leasing Reserve Fund for tenant improvement and leasing commission obligations owing during the Lockbox Event Period by Borrower.

  • During a Lockbox Event Period, Borrower shall deposit with or on behalf of Lender, on each Payment Date, an amount equal to the Ground Rent that will be payable under the Ground Lease for the month in which such Payment Date occurs, which amounts shall be transferred into an account to hold such funds (the “Ground Rent Account”).

  • During a Lockbox Event Period, Borrower shall deposit with Lender on each subsequent Payment Date the sum of $82,746.00 (the “Leasing Reserve Monthly Deposit”), which amounts shall be deposited with and held by Lender for tenant improvement, tenant allowance or similar payments and leasing commission obligations owing during the Lockbox Event Period.

Related to Lockbox Event Period

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Dominion Period has the meaning given to such term in the Intercreditor Agreement.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Cash Dominion Trigger Period means the period commencing with a Cash Dominion Trigger Event and ending with a Cash Dominion Release Event.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Cash Dominion Period means (a) each period beginning on a date when Total Excess Availability shall have been less than the greater of (i) 10% of the Line Cap and (ii) $20,000,000, in either case for five consecutive Business Days, and ending on such date as Total Excess Availability shall have been at least equal to the greater of (i) 10% of the Line Cap and (ii) $20,000,000 for a period of 30 consecutive calendar days or (b) upon the occurrence of an Event of Default, the period that such Event of Default shall be continuing.

  • Event Termination Date See Section 2(e) hereof.

  • Special event permit means a permit granted by the Division

  • Cash Dominion Event means the occurrence of any of the following: (a) the occurrence and continuance of any Event of Default, or (b) Availability is less than 12% of the Borrowing Base at any time.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate: