Disbursements from the Excess Cash Flow Subaccount Sample Clauses
Disbursements from the Excess Cash Flow Subaccount. Cash Management Bank shall disburse funds in the Excess Cash Flow Subaccount in the following amounts and order:
(i) during the continuance of a Cash Sweep Trigger Event Period (other than a Cash Sweep Trigger Event Period that is continuing solely as a result of the occurrence of clause (vii) of the definition of Cash Sweep Trigger Event), all funds on deposit in the Excess Cash Flow Subaccount shall be applied in accordance with the terms and conditions of Section 6.7 of the Loan Agreement;
(ii) if a Cash Sweep Trigger Event Period is continuing solely as a result of the occurrence of clause (vii) of the definition of Cash Sweep Trigger Event, (A) in the event a Mezzanine 1 Cash Sweep Event Period shall be continuing, all funds on deposit in the Excess Cash Flow Subaccount shall be transferred to the Mezzanine 1 Lender to be applied in accordance with the Mezzanine 1 Loan Documents, or (B) in the event no Mezzanine 1 Cash Sweep Event Period shall be continuing but a Mezzanine 2 Cash Sweep Event Period shall be continuing, all funds on deposit in the Excess Cash Flow Subaccount shall be transferred to the Mezzanine 2 Lender to be applied in accordance with the Mezzanine 2 Loan Documents; or
(iii) if no Cash Sweep Trigger Event Period is continuing, all funds on deposit in the Excess Cash Flow Subaccount shall be deposited into an account designated by Borrower.
Disbursements from the Excess Cash Flow Subaccount. Cash Management Bank shall disburse funds in the Excess Cash Flow Subaccount (i) following Cash Management Bank's receipt of notice from Lender or Designee that a Cash Sweep Event Period has occurred and is continuing, to Designee for deposit into the Excess Cash Flow Account to be held and applied in accordance with the terms and conditions of Sections 6. 7 of the Loan Agreement and (ii) if Cash Management Bank has received no notice that a Cash Sweep Event Period has occurred and is continuing, on each Monthly Payment Date and on the twenty-first (21st) day of each calendar month (unless such day is not a Business Day then on the next succeeding Business Day) (A) in the event a Mezzanine Cash Sweep Event Period shall be continuing, transferred to the Mezzanine Lender to be applied in accordance with the Mezzanine Loan Documents, or (B) in the event no Mezzanine Cash Sweep Event Period shall be continuing, to Borrower's Operating Account.
Disbursements from the Excess Cash Flow Subaccount. Agent shall disburse funds on deposit in the Excess Cash Flow Subaccount to the Excess Cash Flow Reserve Fund for the purposes set forth in Section 7.5 of the Loan Agreement.