Common use of Direction of Funds Clause in Contracts

Direction of Funds. In connection with Lender’s obligations under the Repo Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [ ] for the benefit of Citi:

Appears in 3 contracts

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (RAIT Financial Trust)

AutoNDA by SimpleDocs

Direction of Funds. In connection with Lender’s obligations under the Repo Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [ ] for the benefit of Citi:: ________________ ________________ ________________ Account: _____________

Appears in 1 contract

Samples: Master Repurchase Agreement (RAIT Financial Trust)

AutoNDA by SimpleDocs

Direction of Funds. In connection with Lender’s 's obligations under the Repo Security Agreement, Lender hereby directs Borrower to disburse, by wire transfer, any and all payments to be made under or in respect of the Loan to the following account at [ ] for the benefit of Citi:

Appears in 1 contract

Samples: Security Agreement (Ares Commercial Real Estate Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.