Automatic Deduction and Credit. (a) At all times when any Swap Contract is in effect, Borrower shall maintain in good standing with Administrative Agent, Xxxxx Fargo Bank, N.A. or another financial institution reasonably satisfactory to Administrative Agent an account (the “Checking Account”) designated by Borrower.
Appears in 4 contracts
Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
Automatic Deduction and Credit. (a) At all times when any Swap Contract is in effect, the Borrower which is a party to such Swap Contract shall maintain in good standing with Administrative Agent, Xxxxx Fargo Bank, N.A. or another financial institution reasonably satisfactory to Administrative Agent an account (the “Checking Account”) designated by such Borrower.
Appears in 3 contracts
Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
Automatic Deduction and Credit. (ac) At all times when any Swap Contract is in effect, Borrower shall maintain in good standing with Administrative Agent, Xxxxx Fargo Bank, N.A. Agent or another financial institution reasonably satisfactory to Administrative Agent an account (the “Checking Account”) designated by Borrower.
Appears in 1 contract
Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.)
