Common use of Cash Management Bank Clause in Contracts

Cash Management Bank. (a) For the purposes of this Agreement, the Cash Management Bank (Third Mezzanine) named herein shall be deemed to be an Approved Bank; provided, however, that the term "Approved Bank" shall be applicable for all other purposes and shall be applicable to any successor or assign of Cash Management Bank (Third Mezzanine). Mezzanine Lender shall have the right at Mezzanine Borrower's sole cost and expense to replace the Cash Management Bank (Third Mezzanine) with a financial institution reasonably satisfactory to Mezzanine Borrower in the event that (i) the Cash Management Bank (Third Mezzanine) fails, in any material respect, to comply with the Account Agreement (Third Mezzanine), (ii) the Cash Management Bank (Third Mezzanine) named herein is no longer the Cash Management Bank (Third Mezzanine) or (iii) the Cash Management Bank (Third Mezzanine) is no longer an Approved Bank.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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Cash Management Bank. (a) For the purposes of this Agreement, the Cash Management Bank (Third Mezzanine) named herein shall be deemed to be an Approved Bank; provided, however, that the term "Approved term"Approved Bank" shall be applicable for all other purposes and shall be applicable to any successor or assign of Cash Management Bank (Third Mezzanine). Without cost to Mezzanine Borrower, Mezzanine Lender shall have the right at Mezzanine Borrower's sole cost and expense to replace the Cash Management Bank (Third Mezzanine) with a any other financial institution reasonably satisfactory to Mezzanine Borrower, which will promptly execute and deliver to Mezzanine Lender an Account Agreement (Mezzanine) (and Mezzanine Borrower shall reasonably cooperate with Mezzanine Lender in connection with such transfer) in the event that (i) the Cash Management Bank (Third Mezzanine) fails, in any material respect, to comply with the Account Agreement (Third Mezzanine), ) or (ii) in the event the Cash Management Bank (Third Mezzanine) named herein is no longer the Cash Management Bank (Third Mezzanine) ), or (iii) in the event any successor Cash Management Bank (Third Mezzanine) is no longer an Approved Bank.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Maguire Properties Inc)

Cash Management Bank. (a) For the purposes of this Agreement, the Cash Management Bank (Third Fourth Mezzanine) named herein shall be deemed to be an Approved Bank; provided, however, that the term "Approved Bank" shall be applicable for all other purposes and shall be applicable to any successor or assign of Cash Management Bank (Third Fourth Mezzanine). Mezzanine Lender shall have the right at Mezzanine Borrower's sole cost and expense to replace the Cash Management Bank (Third Fourth Mezzanine) with a financial institution reasonably satisfactory to Mezzanine Borrower in the event that (i) the Cash Management Bank (Third Fourth Mezzanine) fails, in any material respect, to comply with the Account Agreement (Third Fourth Mezzanine), (ii) the Cash Management Bank (Third Fourth Mezzanine) named herein is no longer the Cash Management Bank (Third Fourth Mezzanine) or (iii) the Cash Management Bank (Third Fourth Mezzanine) is no longer an Approved Bank.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Cash Management Bank. (a) For the purposes of this Agreement, the Cash Management Bank (Third Intermediate Mezzanine) named herein shall be deemed to be an Approved Bank; provided, however, that the term "Approved Bank" shall be applicable for all other purposes and shall be applicable to any successor or assign of Cash Management Bank (Third Intermediate Mezzanine). Mezzanine Lender shall have the right at Mezzanine Borrower's sole sold cost and expense to replace the Cash Management Bank (Third Intermediate Mezzanine) with a financial institution reasonably satisfactory to Mezzanine Borrower in the event that (i) the Cash Management Bank (Third Intermediate Mezzanine) fails, in any material respect, to comply with the Account Agreement (Third Intermediate Mezzanine), (ii) the Cash Management Bank (Third Intermediate Mezzanine) named herein is no longer the Cash Management Bank (Third Intermediate Mezzanine) or (iii) the Cash Management Bank (Third Intermediate Mezzanine) is no longer an Approved Bank.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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Cash Management Bank. (a) For the purposes of this Agreement, the Cash Management Bank (Third Second Mezzanine) named herein shall be deemed to be an Approved Bank; provided, however, that the term "Approved Bank" shall be applicable for all other purposes and shall be applicable to any successor or assign of Cash Management Bank (Third Second Mezzanine). Mezzanine Lender shall have the right at Mezzanine Borrower's sole cost and expense to replace the Cash Management Bank (Third Second Mezzanine) with a financial institution reasonably satisfactory to Mezzanine Borrower in the event that (i) the Cash Management Bank (Third Second Mezzanine) fails, in any material respect, to comply with the Account Agreement (Third Second Mezzanine), (ii) the Cash Management Bank (Third Second Mezzanine) named herein is no longer the Cash Management Bank (Third Second Mezzanine) or (iii) the Cash Management Bank (Third Second Mezzanine) is no longer an Approved Bank.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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