Common use of Cash Trap Reserve Clause in Contracts

Cash Trap Reserve. (i) If, at any time prior to the repayment of the Obligations (as defined in the Mortgage Loan Agreement) in full, a Cash Trap Event shall occur, then, from and after the occurrence of such Cash Trap Event and for so long as such Cash Trap Event continues to exist, all Excess Cash Flow (except as otherwise expressly provided below) shall be deposited with Mortgage Lender (or its Servicer or agent) and held by Mortgage Lender in accordance with the Mortgage Loan Cash Management Agreement or, if not so held by Mortgage Lender, shall be deposited with Lender and held in the Lock Box Account and, in each case disbursed in accordance with the terms of the Mortgage Loan Cash Management Agreement.

Cash Trap Reserve. (i) If, at any time prior to the repayment of the Obligations (as defined in the any Mortgage Loan Agreement) in full, a Cash Trap Event shall occuroccur with respect to such Mortgage Loan, then, from and after the occurrence of such Cash Trap Event and then for so long as such Cash Trap Event continues to exist, all Excess Cash Flow from the Properties securing such Mortgage Loan (except as otherwise expressly provided below) shall be deposited with the applicable Mortgage Lender (or its Servicer or agent) and held by such Mortgage Lender in accordance with the applicable Mortgage Loan Cash Management Agreement or, if not so held by such Mortgage Lender, shall be deposited with Lender and held in the Lock Box Account and, in each case disbursed in accordance with the terms of the applicable Mortgage Loan Cash Management Agreement.