Common use of Loss Proceeds Account Clause in Contracts

Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).

Appears in 10 contracts

Samples: Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Pebblebrook Hotel Trust), Loan Agreement (Glimcher Realty Trust)

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Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds (the "Loss Proceeds Account").

Appears in 2 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)

Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds in accordance with Section 5.16(c) (the “Loss Proceeds Account”).

Appears in 1 contract

Samples: Management Agreement (American Casino & Entertainment Properties LLC)

Loss Proceeds Account. (ad) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).

Appears in 1 contract

Samples: Loan Agreement (Pebblebrook Hotel Trust)

Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds with respect to any Casualty or Condemnation where the Loss Proceeds exceeds the Loss Proceeds Threshold Amount (the “Loss Proceeds Account”).

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)

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Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds (the "Loss Proceeds Account"), subject to the terms of the Condominium Documents.

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of depositing any Loss Proceeds in accordance with Section 5.16 (the “Loss Proceeds Account”).

Appears in 1 contract

Samples: Loan Agreement (W2007 Grace Acquisition I Inc)

Loss Proceeds Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account (which may be a subaccount of the Cash Management Account maintained on a ledger basis) for the purpose of depositing any Loss Proceeds in accordance with Section 5.16(c) (the “Loss Proceeds Account”).

Appears in 1 contract

Samples: Management Agreement (American Casino & Entertainment Properties LLC)

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