Application of Proceeds; No Default. So long as no Default has occurred and is continuing at the time of Xxxxxxx’s receipt of the Proceeds and no Default occurs thereafter, the following provisions shall apply (subject to the rights of Tenant under any Lease):
Appears in 3 contracts
Samples: And Security Agreement (Cole Credit Property Trust III, Inc.), And Security Agreement (Cole Credit Property Trust III, Inc.), And Security Agreement (Cole Credit Property Trust III, Inc.)
Application of Proceeds; No Default. So long as no Default has occurred and is continuing at the time of XxxxxxxBeneficiary’s receipt of the Proceeds and no Default occurs thereafter, the following provisions shall apply (subject to the rights of Tenant under any Lease):
Appears in 3 contracts
Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Application of Proceeds; No Default. So long as no Default has occurred and is continuing at the time of XxxxxxxLender’s receipt of the Proceeds and no Default occurs thereafter, the following provisions shall apply (subject to the rights of Tenant under any Lease):
Appears in 2 contracts
Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Application of Proceeds; No Default. So long as no Default has occurred and is continuing at the time of XxxxxxxXxxxxx’s receipt of the Proceeds and no Default occurs thereafter, the following provisions shall apply (subject to the rights of Tenant under any Lease):
Appears in 2 contracts
Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
