Common use of Payments from Sub-Accounts Clause in Contracts

Payments from Sub-Accounts. (a) Impositions and Insurance Reserve Sub-Account. Lender shall have the right to withdraw amounts on deposit in the Impositions and Insurance Reserve Sub-Account to pay (or reimburse any Borrower for repayment of) Impositions and Insurance Premiums in accordance with the Loan Agreement.

Appears in 6 contracts

Sources: Cash Management Agreement (Lodgian Inc), Cash Management Agreement (Lodgian Inc), Cash Management Agreement (Lodgian Inc)