Proceeds Trustee means the Indenture Trustee (or at its election, the Servicer) or, if the Property shall not at the time in question be encumbered by a Mortgage, a federally insured bank or other financial institution, selected by Lessor and reasonably satisfactory to Lessee.
Proceeds Trustee means a federally insured bank or trust company designated by Landlord, subject to the prior written approval of Tenant, such approval not to be unreasonably withheld, delayed, or conditioned; provided, however, if a Mortgage encumbers the Premises, the Mortgagee hereunder may, at its option, be appointed Proceeds Trustee for so long as such Mortgage remains outstanding.
Proceeds Trustee means Agent, if Agent elects to perform such functions or, if Agent elects not to perform such functions, such title company or other independent bank or trust company as may be designated by the Lessor with the approval of Agent.
Examples of Proceeds Trustee in a sentence
At such time as there no longer exists a requirement under this Lease for Lessor, Lender or the Proceeds Trustee to hold such amounts, such amounts, together with any income thereon, shall be disbursed to Lessee.
Any moneys held by Lessor (or by Lender or the Proceeds Trustee) pursuant to this Lease, shall, until paid to Lessee, be invested by Xxxxxx, Lender or the Proceeds Trustee, as the case may be, in Permitted Investments on behalf of Xxxxxx.
More Definitions of Proceeds Trustee
Proceeds Trustee means a federally insured bank or trust company designated by Landlord, subject to the prior approval of Tenant, such approval not to be unreasonably withheld, delayed or conditioned; provided, however, if a Mortgage encumbers the Premises or Underlying Premises, the Mortgagee thereunder may, at its option, be appointed Proceeds Trustee for so long as such Mortgage remains outstanding and such Mortgagee does not control Landlord and is not controlled by or under common control with Landlord.
Proceeds Trustee has the meaning set forth in paragraph 12(a) of the Lease.
Proceeds Trustee means a federally insured bank or trust company designated by Landlord, subject to the prior written approval of Tenant, such approval not to be unreasonably withheld, delayed, or conditioned; provided, however, if a Mortgage encumbers the Premises, the Mortgagee thereunder may, at its option, be appointed Proceeds Trustee for so long as such Mortgage remains outstanding and such Mortgagee does not control Landlord or is not controlled by or under common control with Landlord.
Proceeds Trustee has the meaning set forth in Section 7.18(a).
Proceeds Trustee means the Collateral Agent or such other independent bank or trust company as may be designated by the Lessor.
Proceeds Trustee means SSBTC or such title company or other independent bank or trust company as may be designated by the Lessor.
Proceeds Trustee means the Servicer or, if a Property affected by a Casualty or a Condemnation shall not at the time in question be encumbered by a Mortgage, a federally insured bank or other financial institution, selected by Lessor and reasonably satisfactory to Lessee.