Common use of Disbursements from the Operating Expense Subaccount Clause in Contracts

Disbursements from the Operating Expense Subaccount. Cash Management Bank shall disburse funds in the Operating Expense Subaccount to Borrower for payment of Operating Expenses for the applicable period approved by Lender;

Appears in 2 contracts

Sources: Cash Management Agreement, Cash Management Agreement (KBS Strategic Opportunity REIT, Inc.)