Examples of Transfer Proceeds in a sentence
In the event of any Transfer of any Property, Borrower shall (or shall cause the Manager or the closing title company or escrow agent, as applicable, to) deposit directly into the Collection Account the Net Transfer Proceeds for allocation in accordance with the terms of this Agreement.
In addition, Borrower shall, and shall cause Manager to, deposit any other Collections (other than (x) Rents, (y) Insurance Proceeds and Condemnation Proceeds, which shall be deposited into the Casualty and Condemnation Subaccount pursuant to the terms hereof and (z) Net Transfer Proceeds, which shall be deposited into the Cash Management Account pursuant to the terms hereof) received by or on behalf of Borrower directly into a Rent Deposit Account within three (3) Business Days following receipt thereof.
Upon each withdrawal of or direction to withdraw or distribute Group Available Funds or Transfer Proceeds (including any Securitization Equity) pursuant to this Section 9.4(e), each of the Trust and the Servicer shall be deemed to represent and warrant to the Master Collateral Agent that each of the foregoing conditions have been satisfied with respect thereto.
The Debtor, the Ad Hoc Committee, or Steelman may request that the Court estimate the amount of the Class 3 Claim, in which case such estimated amount shall be reserved from the cash portion of the Transfer Proceeds and deposited into a segregated bank account administered by the Continuing Estate Representative until the amount of the Class 3 Claim is fully and finally determined.
Obligations required to be satisfied in cash under the Plan on and after the Effective Date will be satisfied from the cash portion of the Transfer Proceeds paid by Ameristar on the Effective Date, the Effective Date Cash, and amounts deposited into the Liquidation Account.