Common use of Reserves/Escrows Clause in Contracts

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 46 contracts

Sources: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Ares Real Estate Income Trust Inc.), Loan Agreement (Industrial Logistics Properties Trust)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender ▇▇▇▇▇▇ in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 7 contracts

Sources: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Silver Star Properties Reit, Inc)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender L▇▇▇▇▇ in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 5 contracts

Sources: Loan Agreement (Istar Inc.), Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in "eligible accounts" at "eligible institutions" and, to the extent applicable, invested in "permitted investments" as then defined and required by the Rating Agencies.

Appears in 4 contracts

Sources: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Loan and Security Agreement (Stratus Properties Inc)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender Administrative Agent in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 3 contracts

Sources: Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, (a) notwithstanding anything herein to the contrary, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall may be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies, and (b) the Restricted Account shall be an “eligible account” at an “eligible institution”.

Appears in 1 contract

Sources: Loan Agreement (CaliberCos Inc.)

Reserves/Escrows. In the event that Participations or Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, and invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 1 contract

Sources: Deed of Trust and Security Agreement

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in into “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 1 contract

Sources: Loan Agreement (Moody National REIT I, Inc.)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, (a) notwithstanding anything herein to the contrary, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall may be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating Agencies, and (b) the Deposit Account shall be an “eligible account” at an “eligible institution”.

Appears in 1 contract

Sources: Loan Agreement (Gaia, Inc)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement Agreement, the Mortgage, the Note and the other Loan Documents shall be deposited held in “eligible accounts” at “eligible institutions” and, to the extent applicableif invested, invested in “permitted investments” as then defined and required by the Rating Agencies.

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Reserves/Escrows. In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in “eligible accounts” at “eligible institutions” and, to the extent applicable, invested in “permitted investments” as then defined and required by the Rating AgenciesAgencies and/or the Servicing Agreement governing each such Securitization in which the Loan (or any portion thereof) is included.

Appears in 1 contract

Sources: Building Loan Agreement (ACRES Commercial Realty Corp.)