Mortgage Borrower Distributions Sample Clauses

Mortgage Borrower Distributions. All transfers of Mortgage Borrower’s funds from the Lockbox Account or other sources to or for the benefit of the Lender, the Borrower, the Mezzanine A Lender, the Mezzanine A Borrower, the Mezzanine B Lender, the Mezzanine B Borrower, the Mezzanine D Lender, the Mezzanine D Borrower, the Mezzanine E Lender or the Mezzanine E Borrower pursuant to this Agreement, the Mortgage Loan Documents, the Mezzanine A Loan Documents, the Mezzanine B Loan Documents, the Mezzanine D Loan Documents, the Mezzanine E Loan Documents or any of the other Loan Documents, are intended by Borrower, the Mortgage Borrower, the Mezzanine A Borrower, the Mezzanine B Borrower, the Mezzanine D Borrower and the Mezzanine E Borrower to constitute and shall constitute distributions from the Mortgage Borrower to the Mezzanine A Borrower, from the Mezzanine A Borrower to the Mezzanine B Borrower, from the Mezzanine B Borrower to Borrower, and from Borrower to the Mezzanine D Borrower, from the Mezzanine D Borrower to the Mezzanine E Borrower, as applicable, and, in each case, must comply with the requirements as to distributions of the Delaware Limited Liability Company Act. No provision of the Loan Documents shall create a debtor-creditor relationship between Mortgage Borrower and any of the Lender, the Mezzanine A Lender, the Mezzanine B Lender, the Mezzanine D Lender or the Mezzanine E Lender.
Sample 1See All (5)
AutoNDA by SimpleDocs
Mortgage Borrower Distributions. All transfers of Mortgage Borrower’s funds from the Lockbox Account or other sources to or for the benefit of the Lender or the Borrower pursuant to this Agreement, the Mortgage Loan Documents or any of the other Loan Documents, are intended by Borrower and the Mortgage Borrower to constitute and shall constitute distributions from the Mortgage Borrower to the Borrower, and must comply with the requirements as to distributions of the Delaware Limited Liability Company Act. No provision of the Loan Documents shall create a debtor-creditor relationship between Mortgage Borrower and the Lender.
Sample 1Sample 2See All (4)
Mortgage Borrower Distributions. All transfers of Mortgage Borrower’s funds to or for the benefit of Mezzanine A Lender, Mezzanine A Borrower, Lender or Borrower, pursuant to this Agreement, the Mortgage Loan Documents, the Mezzanine A Loan Documents or any of the other Loan Documents, are intended by Borrower, Mortgage Borrower and Mezzanine A Borrower to constitute and shall constitute distributions from Mortgage Borrower to Mezzanine A Borrower and from Mezzanine A Borrower to Borrower, as applicable, and, in each case, must comply with the requirements as to distributions of the Delaware Revised Uniform Limited Partnership Act or the Delaware Limited Liability Company Act, as applicable. No provision of the Loan Documents shall create a debtor-creditor relationship between Borrower and any of Mezzanine A Lender or Mortgage Lender.
Sample 1Sample 2
Mortgage Borrower Distributions. On each date on which amounts are required to be disbursed to the Deposit Account pursuant to the terms of the Deposit Account Agreement or are required to be paid to Lender under any of the Loan Documents, Borrower shall exercise its rights under each Mortgage Borrower's organizational documents to cause each Mortgage Borrower to make to Borrower a distribution of its funds in an aggregate amount such that Lender shall receive the amount required to be disbursed to the Deposit Account or otherwise paid to Lender on such date.
Sample 1

Related to Mortgage Borrower Distributions

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax. 10) Qualified birth or adoption. Payments from your IRA for the birth of your child or the adoption of an eligible adoptee will not be subject to the 10 percent early distribution penalty tax if the distribution is taken during the one-year period beginning on the date of birth of your child or the date on which your legal adoption of an eligible adoptee is finalized. An eligible adoptee means any individual (other than your spouse’s child) who has not attained age 18 or is physically or mentally incapable of self-support. The aggregate amount you may take for this reason may not exceed $5,000 for each birth or adoption. You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes or to claim a penalty tax exception.

  • Distributions to the Borrower The Agent may (with the Borrower’s consent or in accordance with Clause 28 (Set-off)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Final Distributions Section 8.01. Sale of Receivables or Certificateholders' Interest pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.01 or 7.02 of this Supplement.

  • Application of Net Liquidation Proceeds For all purposes under this agreement, Net Liquidation Proceeds received from a Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.

  • Distributions, Etc Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations. If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.

  • Operating Distributions Subject to Section 5.2, the Company shall from time to time distribute to the Member such amounts in cash and other assets as shall be determined by the Member.

  • When Can I Make Contributions You may make annual contributions to your Xxxx XXX any time up to and including the due date for filing your tax return for the year, not including extensions. You may continue to make regular contributions to your Xxxx XXX even after you attain RMD age. In addition, rollover contributions and transfers (to the extent permitted as discussed below) may be made at any time, regardless of your age.

Time is Money Join Law Insider Premium to draft better contracts faster.