Rental Proceeds Sample Clauses

Rental Proceeds. Ensure that all sums comprising part of the Rental Proceeds will be dealt with in the manner set out in Clause 6 or in such other manner directed by the Bank.
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Rental Proceeds. The parties agree that in the event the Property is rented to a third party under the provisions of this Agreement, any rents paid by such third party shall be applied to the payment of any expenses or obligations of Occupant referred to in Section 2.2 or 2.4(a) above.
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Rental Proceeds. If there is a -0- Zero balance on the account, then net rental proceeds will be processed and mailed to the address on record the 20th of the month following the rental.
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Rental Proceeds. The Assignor undertakes to open and maintain the Rental Account with the Bank and to pay all the Rental Proceeds into such Rental Account, provided that the Bank may at its absolute discretion require all or any Rental Proceeds to be paid directly to the Bank towards reduction of the Indebtedness or for any other purpose as the Bank may in its absolute discretion decide. In the event that any sum of the Rental Proceeds is paid to or received by the Assignor (without the prior written approval of the Bank for the Assignor to use or retain that sum), the Assignor shall hold that sum on trust for the Bank and shall forthwith pay the same into the Rental Account or such other account as the Bank may permit or at the Bank’s absolute discretion, direct. The Assignor shall not (save with the prior written consent of the Bank) withdraw (or attempt to withdraw), or deal with (or agree, conditionally or unconditionally, to deal with) any of the moneys from time to time standing to its credit in the Rental Account hereof or purport or attempt to do any other act or thing which may in any way delay or prejudice the right of the Bank to receive payment of such moneys. The Assignor hereby irrevocably authorises the Bank to draw, appropriate and apply all or any moneys for the time being standing to the credit of the Rental Account in or towards payment of, all or part of any Indebtedness or for any other purpose as the Bank may in its absolute discretion decide. The Bank shall have the power at anytime, either in its own name or in the name of the Assignor, and without notice to the Assignor or any other person, to withdraw or convert into any currency any moneys from time to time standing to the credit of the Assignor in the Rental Account and apply such moneys in or towards payment or satisfaction of Indebtedness or for any other purpose as the Bank may in its absolute discretion decide.
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Rental Proceeds. The security interest granted herein extends to all of Grantor's rights as lessor under any present or future lease of any of the Collateral. Grantor acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code, as it may be amended. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the Collateral unless Lender specifically agrees to the contrary in writing.
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Rental Proceeds. All proceeds from the renting of Journey facilities set forth in this section shall be collected by Management Company, and be the property of the Management Company.
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Rental Proceeds. Borrower acknowledges that the security --------------- interest granted herein extends to all of Borrower's rights as lessor under any future lease of any of the Collateral. Borrower acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the leased Collateral unless Lender specifically agrees to the contrary in writing.
Sample 1
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Rental Proceeds. Borrower acknowledges that the security interest granted herein extends to all of Borrower's rights as lessor under any future lease of any of the Collateral. Borrower acknowledges and agrees that all rental proceeds of the Collateral constitute "cash collateral" under the Bankruptcy Code. As provided above, Borrower must obtain Lender's prior consent if Borrower wishes to lease any of the Collateral. Notwithstanding Lender's consent to any proposed lease, such lease shall be subordinate to Lender's security interest in the leased Collateral unless Lender specifically agrees to the contrary in writing.
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Related to Rental Proceeds

  • Condemnation Proceeds all Condemnation Proceeds other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released to the related Mortgagor in accordance with the Servicing Standard, which proceeds shall be deposited by the Master Servicer into an Escrow Account and not deposited in the Collection Account;

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Insurance/Condemnation Proceeds Subject to the First Lien Credit Agreement and the Intercreditor Agreement, and subject to Sections 2.11(h) and 2.14(g), no later than the tenth Business Day following the date of receipt by Holdings, any Borrower or any of the Restricted Subsidiaries, or the Administrative Agent as lender loss payee, of any Net Insurance/Condemnation Proceeds in excess of $1,200,000 in the aggregate in any Fiscal Year, the Borrowers shall prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to such Net Insurance/Condemnation Proceeds; provided, so long as no Event of Default shall have occurred and be continuing, the Borrowers shall have the option, directly or through one or more of the Restricted Subsidiaries to invest such Net Insurance/Condemnation Proceeds within 365 days of receipt thereof (x) to repair, restore or replace damaged property or property affected by loss, destruction, damage, condemnation, confiscation, requisition, seizure or taking and/or (y) in productive assets (other than working capital assets) useful in businesses not prohibited under Section 6.12, which investment may include the repair, restoration or replacement of the applicable assets thereof; provided further, (x) if the Borrowers or a Restricted Subsidiary enters into a legally binding commitment (and have provided the Administrative Agent with a copy of such binding commitment) to invest such Net Insurance/Condemnation Proceeds within such 365-day period, such 365-day period shall extend by an additional 180-day period and (y) if all or any portion of such Net Insurance/Condemnation Proceeds are not so reinvested (and/or committed to be reinvested and then actually reinvested) within the time period set forth above in this Section 2.14(b), such remaining portion shall be applied not later than the last day of such period (or any earlier date on which Holdings or such Restricted Subsidiary determines not to so reinvest such Net Insurance/Condemnation Proceeds) as provided above in this Section 2.14(b) without regard to this proviso or the immediately preceding proviso.

  • Proceeds The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

  • Insurance and Condemnation Proceeds (a) Subject to Landlord's rights under this Paragraph 4, and so long as no Event of Default shall have occurred and be continuing, Tenant shall be entitled to use all casualty insurance and condemnation proceeds payable with respect to the Leased Property during the Term for the restoration and repair of the Leased Property or any remaining portion thereof. Except as provided in the last sentence of subparagraph 9.(r) and the last sentence of subparagraph 9.(s), all insurance and condemnation proceeds received with respect to the Leased Property (including proceeds payable under any insurance policy covering the Leased Property which is maintained by Tenant) shall be paid to Landlord and applied as follows: (i) First, such proceeds shall be used to reimburse Landlord for any costs and expenses, including Attorneys' Fees, incurred in connection with the collection of such proceeds. (ii) Second, the remainder of such proceeds (the "Remaining Proceeds"), shall be held by Landlord as Escrowed Proceeds and applied to reimburse Tenant for the actual cost of the repair, restoration or replacement of the Leased Property. However, any Remaining Proceeds not needed for such purpose shall be applied by Landlord as Qualified Payments after Tenant notifies Landlord that they are not needed for repairs, restoration or replacement. Notwithstanding the foregoing, if an Event of Default shall have occurred and be continuing, then Landlord shall be entitled to receive and collect insurance or condemnation proceeds payable with respect to the Leased Property, and either, at the discretion of Landlord, (A) hold such proceeds as Escrowed Proceeds until paid to Tenant as reimbursement for the actual and reasonable cost of repairing, restoring or replacing the Leased Property when Tenant has completed such repair, restoration or replacement, or (B) apply such proceeds (net of the deductions described in clause (i) above) as Qualified Payments.

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.

  • Loan Proceeds Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

  • Net Sales Proceeds In the case of a transaction described in clause (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (B) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (E) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in the last sentence of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one or more Assets within 180 days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.

  • Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

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