Release of Amounts. So long as no Event of Default shall have occurred and be continuing or would result therefrom and except with respect to the amounts required to be deposited in the XX Xxxx Collateral Account pursuant to §4.16(a) above, if any, Agent will pay and release to the Borrowers or at their order or, at the request of the Borrowers, to Agent to be applied to the Obligations of the Borrowers under the Loan Documents such amount, if any, as is then on deposit in the XX Xxxx Collateral Account.
Appears in 3 contracts
Samples: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty Trust, Inc), Credit Agreement (Independence Realty Trust, Inc.)
Release of Amounts. So long as no Event of Default shall have occurred and be continuing or would result therefrom and except with respect to the amounts required to be deposited in the XX Xxxx Collateral Account pursuant to §4.16(a) above, if any, Agent will pay and release to the Borrowers Borrower or at their Borrower’s order or, at the request of the BorrowersBorrower, to Agent to be applied to the Obligations of the Borrowers under the Loan Documents such amount, if any, as is then on deposit in the XX Xxxx Collateral Account.
Appears in 1 contract
Samples: Joinder Agreement (Independence Realty Trust, Inc.)
Release of Amounts. So long as no Event of Default shall have occurred and be continuing or would result therefrom and except with respect to the amounts required to be deposited in the XX LX Xxxx Collateral Account pursuant to §4.16(a) above, if any, Agent will pay and release to the Borrowers Borrower or at their Borrower’s order or, at the request of the BorrowersBorrower, to Agent to be applied to the Obligations of the Borrowers under the Loan Documents such amount, if any, as is then on deposit in the XX LX Xxxx Collateral Account.
Appears in 1 contract
Samples: And Consolidated Credit Agreement (Independence Realty Trust, Inc.)
