Common use of Cash Management Account Clause in Contracts

Cash Management Account. 7.%2.%3.%4. During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LP, as Borrower and JPMorgan Chase Bank, National Association and its successors and assigns, as Lender, pursuant to Loan Agreement dated as of September 10, 2013 - Cash Management Account.” Borrower hereby grants to Lender a first-priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During the term of the Loan, (a) Borrower shall establish cooperate with Lender and maintain Servicer in connection with the establishment and maintenance of a segregated Eligible Account (the “Cash Management Account”) to be held by Agent Servicer in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPColumn Financial, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsInc., as Lender, pursuant to Loan Agreement dated as of September 10June 21, 2013 2004 - Cash Management Account.” Borrower hereby (i) grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof thereof, and (ii) will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPIN-105 Heritage III, LLC, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10June , 2013 2011 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing Account and Borrower hereby authorizes Lender to file UCC-1 Financing Statements and continuations thereofthereof in connection therewith. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all reasonable costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During the term of the Loan, (a) Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”"CASH MANAGEMENT ACCOUNT") to be held by Agent Servicer in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LP"Column Financial, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsInc., as Lender, pursuant to Loan Agreement dated as of September 10August 19, 2013 2003 - Cash Management Account.” " Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, including executing and filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPTNP SRT Summit Point, LLC, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10December 21, 2013 2011 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPGIT Heritage IV TX, LLC, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10October 27, 2013 2011 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing Account and Borrower hereby authorizes Lender to file UCC-1 Financing Statements and continuations thereofthereof in connection therewith. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all reasonable costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During (a) Borrower shall establish and, during the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LP, BRE Retail NP Owner 1 LLC as Borrower and JPMorgan Chase fbo Xxxxx Fargo Bank, National Association and Association, as Lender together with its successors and assigns, as Lender, assigns pursuant to Loan Agreement dated as of September 10June 28, 2013 - 2011 — Cash Management Account.” ”. Borrower hereby grants to Lender a first-priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first first-priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements financing statements and continuations thereofthereof upon Lender’s request therefor. Borrower will not in any way alter or modify the Cash Management Account without the prior written consent of Lender, and Borrower will notify Lender of the account number thereofof the Cash Management Account. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During (a) Following the term occurrence of the Loana Cash Sweep Event, Borrower Lender shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPSSTI 281 RICHWOOD RD, LLC, ET AL as Borrower and JPMorgan Chase Bank, KeyBank National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September October 10, 2013 - 2012—Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will shall take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, including filing UCC-1 Financing Statements and continuations thereof. Borrower will shall not in any way alter or modify the Cash Management Account and will shall notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LP, GPT GIG BOA Portfolio Owner LLC as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10December 6, 2013 2012 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right and obligation to make withdrawals from the Cash Management Account pursuant to in accordance with the provisions of the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During the term of the Loan, (a) Borrower shall establish and maintain or hereby authorizes and consents to Lender establishing and maintaining a segregated Eligible Account (the “Cash Management Account”) to be held by Agent Servicer in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of LenderLender without any further consent by Borrower. The Cash Management Account shall be entitled “Ashford Pier House LPColumn Financial, Inc., as Borrower and JPMorgan Chase BankLender of Thunderbolt, National Association and its successors and assigns, as Lender, pursuant to Loan Agreement dated as of September 10, 2013 - LLC – Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, executing and filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement without any further consent or authorization from Borrower and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During the term of the Loan(a) Borrower shall, Borrower or shall authorize Lender to, establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent Servicer in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPColumn Financial, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsInc., as Lender, pursuant to Loan Agreement dated as of September 10July 9, 2013 2004 - Cash Management Account.” Borrower and IDOT Guarantor hereby grants (i) grant to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and (ii) will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, causing a control agreement to be executed and delivered and authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower and IDOT Guarantor will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LP, CPLV Property Owner LLC as Borrower and JPMorgan Chase Bank, National Association and its successors and assignset al., as Lender, pursuant to Loan Agreement dated as of September 10October 6, 2013 - 2017 – Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPXxxxxx Xxxxxx Center, LLC as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10April 29, 2013 2011 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all reasonable costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loan, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPTNP SRT Woodland West, LLC, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10February 3, 2013 2012 - Cash Management Account.” Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. During the term of the Loan, (a) Borrower shall establish cooperate with Lender and maintain Servicer in connection with the establishment and maintenance of a segregated Eligible Account (the “Cash Management Account”) to be held by Agent Servicer in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPColumn Financial, as Borrower and JPMorgan Chase Bank, National Association and its successors and assignsInc., as Lender, pursuant to Loan Agreement dated as of September 10June 21, 2013 - 2004—Cash Management Account.” Borrower hereby (i) grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof thereof, and (ii) will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, authorizing the filing of UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

Cash Management Account. 7.%2.%3.%4. (a) During the term of the Loana Cash Sweep Period, Borrower shall establish and maintain a segregated Eligible Account (the “Cash Management Account”) to be held by Agent in trust and for the benefit of Lender, which Cash Management Account shall be under the sole dominion and control of Lender. The Cash Management Account shall be entitled “Ashford Pier House LPPHR STPFL, LLC and PHR STPFL OPCO SUB, LLC, as Borrower and JPMorgan Chase Wxxxx Fargo Bank, National Association and its successors and assignsAssociation, as Lender, pursuant to Loan Agreement dated as of September 10, 2013 - Trustee for Lender- Cash Management Account.” or such other name as Lender shall approve. Borrower hereby grants to Lender a first-first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, without limitation, filing UCC-1 Financing Statements and continuations thereof. Borrower will not in any way alter or modify the Cash Management Account without Lender’s prior written consent and will notify Lender of the account number thereof. Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account pursuant to in accordance with the Cash Management Agreement and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower; provided, however, that if the Cash Management Account is with an Eligible Institution selected by Lender, such costs and expenses shall be reasonable market costs and expenses, consistent with those charged by such Eligible Institution in connection with similar mortgage loans.