Monthly Funding of Sub-Accounts. During each Interest Accrual Period and, except as provided below, during the term of the Loan commencing with the Interest Accrual Period in which the Closing Date occurs (each, the “Current Interest Accrual Period”), Lender shall allocate all funds then on deposit in the Cash Collateral Account among the Sub-Accounts as follows and in the following priority:
Monthly Funding of Sub-Accounts. (a) Borrower hereby irrevocably authorizes Lender to transfer (and, pursuant to the Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Lender), and Lender shall transfer (or cause Cash Management Bank to transfer pursuant to disbursement instructions from Lender), from the Holding Account by 11:00 a.m. New York time on each Business Day, or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers, funds in the following amounts and in the following order of priority:
Monthly Funding of Sub-Accounts. Borrower hereby irrevocably authorizes Lender to transfer (and, pursuant to the Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Lender), and Lender shall transfer, from the Holding Account by 11:00 a.m. New York time on the date on which each payment of Master Lease Rent under the Master Lease is made to the Holding Account, or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers, commencing on the date of the first payment of Master Lease Rent under the Master Lease, funds in the following amounts and in the following order of priority:
Monthly Funding of Sub-Accounts. (A) Borrower hereby irrevocably authorizes Administrative Agent to transfer (and, pursuant to the Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Administrative Agent), and Administrative Agent shall transfer (or cause Cash Management Bank to transfer pursuant to disbursement instructions from Administrative Agent), from the Holding Account by 11:00 a.m. New York time on each Business Day, or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers, funds in the following amounts and in the following order of priority:
Monthly Funding of Sub-Accounts. During each Interest Accrual ------------------------------- Period and except as provided below, during the term of the Loan commencing with the Interest Accrual Period in which the Closing Date occurs (each, the "Current ------- Interest Accrual Period"), Lender shall allocate all funds then on deposit ----------------------- (irrespective of whether such funds were transferred by the Collection Account Bank to the Cash Collateral Account Bank or by Borrower to the Lender pursuant to Section 2.9(c)) in the Cash Collateral Account among the Sub-Accounts as ------- ------ follows and in the following priority:
Monthly Funding of Sub-Accounts. Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor) hereby irrevocably authorizes Lender to transfer (and, pursuant to the Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Lender), and Lender shall transfer, from the Holding Account by 11:00 a.m. New York time on the date on which each payment of Master Lease Rent under the Master Lease is made to the Holding Account, or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers, commencing on the date of the first payment of Master Lease Rent under the Master Lease following the date of this Agreement, funds in the following amounts and in the following order of priority:
Monthly Funding of Sub-Accounts. On or before each Payment Date during the term of the Loan, commencing on the first (1st) Payment Date occurring after the month in which the Loan is initially funded, Borrower shall pay, or cause to be paid by Federal wire or automatic clearing house funds to the Central Account, the Basic Carrying Costs Monthly Installment, the Required Debt Service Payment, the Recurring Replacement Reserve Monthly Installment, the Mez Payment Amount and all sums required to be deposited into the Operation and Maintenance Expense Sub-Account pursuant to clauses (a) through (g) of this Section 5.05 and all funds transferred or deposited into the Central Account shall be allocated among the Sub-Accounts as follows and in the following priority:
Monthly Funding of Sub-Accounts. (a) Provided that no Reserve Period shall have occurred and be continuing, (A) Borrower may direct Cash Management Bank to transfer from the Collection Account on each Business Day, commencing on the Closing Date, all funds on deposit in the Collection Account (other than funds relating to any Surrender Fees) and transfer the same (free of the Lien of the Loan Documents) to an account designated by Borrower and (B) Borrower shall direct Cash Management Bank to transfer from the Collection Account on any Business Day from and after the Closing Date that funds are on deposit in the Collection Account which relate to any Surrender Fees and transfer the same to the Holding Account for application in accordance with this Section 3.16. From and after the occurrence and during the continuance of a Reserve Period (and/or in the event that there are any funds on deposit in the Holding Account relating to any Surrender Fees or Prepayment Amounts), Borrower hereby irrevocably authorizes Lender to transfer (and, pursuant to the Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Lender), and Lender shall transfer on each Business Day (subject to the terms of Section 3.1.10), or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers, funds in the following amounts and in the following order of priority:
Monthly Funding of Sub-Accounts. On each Notice Date during the term of the Loan, commencing on the first (1st) Notice Date occurring after the month in which the Loan is initially funded, Mortgagee shall allocate all funds transferred or deposited into the Central Account among the Sub-Accounts and otherwise as follows and in the following priority:
Monthly Funding of Sub-Accounts. (A) Borrower hereby irrevocably authorizes Administrative Agent to transfer (and, pursuant to the Holding Account Agreement shall irrevocably authorize Cash Management Bank to execute any corresponding instructions of Administrative Agent), and Administrative Agent shall transfer or make ledger or book entries (or cause Cash Management Bank to make the applicable transfer or ledger or book entries pursuant to disbursement instructions from Administrative Agent), from the Holding Account on the same Business Day on which Holding Account Bank receives any such instructions, or as soon thereafter as sufficient funds are in the Holding Account to make the applicable transfers or ledger or book entries, funds in the following amounts and in the following order of priority:
