Common use of Payment of Trustee Expenses Clause in Contracts

Payment of Trustee Expenses. Borrower or Borrower's Trustee --------------------------- may notify Lender in writing and request Lender to pay to Borrower's Trustee funds out of the Trustee Expense Sub-Account for the payment of amounts due to Borrower's Trustee under the Trust Agreement. Lender shall release such funds to Borrower's Trustee within five (5) Business Days of the written request for such amounts (which written request shall be accompanied by such documentation as Lender may reasonably request).

Appears in 3 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

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Payment of Trustee Expenses. Borrower or Borrower's Trustee --------------------------- may notify Lender in writing and request Lender to pay to Borrower's Trustee funds out of the Trustee Expense Sub-Account for the payment of amounts due to Borrower's Trustee under the Trust Agreement. Lender shall release such funds to Borrower's Trustee within five (5) Business Days of the written request for such amounts (which written request shall be accompanied by such documentation as Lender may reasonably request).

Appears in 1 contract

Samples: Loan Agreement (Brookdale Living Communities Inc)

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