Property Cash Flow Allocation Sample Clauses

Property Cash Flow Allocation. (a) During any Cash Management Period, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority: (i) First, to make payments into the Tax and Insurance Subaccount as required under Section 3.3; (ii) Second, to pay the monthly portion of the fees charged by the Deposit Bank in accordance with the Deposit Account Agreement; (iii) Third, to Lender to pay the Monthly Debt Service Payment Amount due on such Payment Date (plus, if applicable, interest at the Default Rate and all other amounts, other than those described under other clauses of this Section 3.11(a), then due to Lender under the Loan Documents); (iv) Fourth, to make payments into the Capital Reserve Subaccount as required under Section 3.4; (v) Fifth, to make payments into the Seasonal Working Capital Reserve Subaccount as required under Section 3.5; (vi) Sixth, to make payments for Approved Operating Expenses as required under Section 3.6; (vii) Seventh, after the consummation of a Secondary Market Transaction, to pay the pro rata portion of the expenses described in Section 9.1.7; (viii) Eighth, if required pursuant to Section 3.4.1(b) or Section 3.4.2(c), to make payments of all or a portion of Available Cash into the Capital Reserve Subaccount; and (ix) Lastly, payments to Borrowers of any remaining amounts.
Property Cash Flow Allocation. (a) Commencing on the Substantial Completion Date and continuing on each Payment Date thereafter through and including the Conversion Date, except during the continuance of an Event of Default, any Rents deposited into the Deposit Account or received by Borrower or Manager during the immediately preceding Interest Period shall be applied as follows in the following order of priority: (i) First, to pay any and all ground rents, if any, (ii) Second, to make required payments (if any) to the Tax and Insurance Escrow Fund; (iii) Third, to Lender to pay the interest due on such Payment Date (including, if applicable, interest at the Default Rate); (iv) Fourth, to make payments for Approved Operating Expenses; (v) Fifth, to make required payments (if any) to the Capital Reserve Fund; and (vi) Lastly, payments of any excess amounts to the Cash Collateral Subaccount.
Property Cash Flow Allocation. (a) Notwithstanding anything stated to the contrary in this Agreement (but subject to Section 3.11(c) below), all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority:
Property Cash Flow Allocation. Notwithstanding anything to the contrary contained in this Agreement or any of the other Loan Documents, after the occurrence of a Default or an Event of Default, Lender may apply any Reserve Funds, all Rents, and other proceeds of repayment in such order and in such manner as Lender will elect.
Property Cash Flow Allocation. (a) Commencing on April 11, 1997 and continuing on each Payment Date thereafter through the Optional Prepayment Date, except during the continuance of an Event of Default, any Rents deposited into the Deposit Account (or otherwise received by Borrower) during the immediately preceding calendar month shall be applied by Lender as follows in the following order of priority:
Property Cash Flow Allocation. (a) On each Payment Date, provided that there is no Event of Default, Deposit Bank shall, and is authorized by Borrower to, transfer funds in the Mezzanine Cash Management Account for payment of the following amounts in the following order of priority, in each case to the extent that sufficient funds remain therefor:
Property Cash Flow Allocation. (a) Provided that there is no uncured Event of Default, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority; (i) First, to pay the monthly portion of the fees, if any, charged by the Deposit Bank in accordance with the Deposit Account Agreement; (ii) Second, to Lender to pay the monthly debt service payment amount due on such Payment Date (plus, if applicable, interest at the Default Rate and all other amounts, other than those described under other clauses of this Section 3.8(a), then due to Lender under the Loan Documents); and (iii) Third, the balance of any payments to Borrower of any remaining amounts.
Property Cash Flow Allocation. Notwithstanding anything to the contrary contained in this Article 6, upon the occurrence of an Event of Default, Lender, at its option, may withdraw the Reserve Funds and any other funds of Borrowers then in the possession of Lender, Servicer or Deposit Bank (including any Gross Revenue) and apply such funds to the items for which the Reserve Funds were established or to the payment of the Obligations in such order, proportion and priority as Lender may determine in its sole discretion. Lender's right to withdraw and apply any of the foregoing funds shall be in addition to all other rights and remedies provided to Lender under the Loan Documents.
Property Cash Flow Allocation. (a) All Rents and any other funds deposited into the OT Deposit Account or the Borrower Deposit Account during the current Interest Period or any prior Interest Periods as required by this Agreement and as may be transferred into various Subaccounts in accordance with this Agreement and the Cash Management Agreement, shall be applied on each Payment Date as follows in the following order of priority: