Loss Proceeds Account. (a) Upon the occurrence of a Casualty or Condemnation, Lender will establish and maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).
Appears in 5 contracts
Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Chesapeake Lodging Trust), Loan Agreement (Chesapeake Lodging Trust)
Loss Proceeds Account. (a) Upon the occurrence of a Casualty or Condemnation, Lender will establish and maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of depositing any Loss Proceeds (the “"Loss Proceeds Account”").
Appears in 2 contracts
Samples: Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)
Loss Proceeds Account. (a) Upon the occurrence of a Casualty or Condemnation, Lender will establish and maintain with an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of depositing any Loss Proceeds (the “Loss Proceeds Account”).
Appears in 1 contract
Samples: Loan Agreement (Carter Validus Mission Critical REIT, Inc.)
Loss Proceeds Account. (a) Upon the occurrence of a Casualty or Condemnation, Lender will establish and maintain with an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of depositing any Loss Proceeds (the “"Loss Proceeds Account”").
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)
Loss Proceeds Account. (a) Upon Promptly after the occurrence of a Casualty or Condemnation, Lender will the Obligors shall establish and thereafter maintain an Eligible Account (which may be a subaccount of with the Cash Management Account) Bank an account for the purpose of depositing any Loss Proceeds (the “"Loss Proceeds Account”").
Appears in 1 contract
