Common use of Payments Following an Event of Default Clause in Contracts

Payments Following an Event of Default. (a) If an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds or Insurance Proceeds or Condemnation Proceeds shall be applied in the following order of priority:

Appears in 7 contracts

Samples: Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2021-C61), Co Lender Agreement (3650R 2021-Pf1 Commercial Mortgage Trust), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2021-C60)

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Payments Following an Event of Default. (a) If an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds or Insurance Proceeds or and Condemnation Proceeds shall be applied in the following order of priority:: Co-Lender Agreement (Two Independence Square)

Appears in 2 contracts

Samples: Co Lender Agreement (CSAIL 2017-Cx9 Commercial Mortgage Trust), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2017-C39)

Payments Following an Event of Default. (a) If an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect of the Mortgage Loan or the Mortgaged PropertyProperties, including without limitation, Liquidation Proceeds or Insurance Proceeds or and Condemnation Proceeds shall be applied in the following order of priority:

Appears in 1 contract

Samples: Co Lender Agreement (CSAIL 2019-C15 Commercial Mortgage Trust)

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Payments Following an Event of Default. (a) If an Event of Default has occurred and is continuing, all amounts collected by or on behalf of the Lead Securitization Trust in respect of the Mortgage Loan or the Mortgaged Property, including without limitation, Liquidation Proceeds or Insurance Proceeds or and Condemnation Proceeds shall be applied in the following order of priority:

Appears in 1 contract

Samples: Co Lender Agreement (CSAIL 2017-Cx10 Commercial Mortgage Trust)

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