Reserves/Escrows. The Lender shall have the right, if required by the transferee of the Loan or any Participation, to cause funds held by the Lender in escrow or as reserves to be transferred to deposit or investment accounts at creditworthy financial institutions, to be held or used in accordance with the Loan Documents.
Appears in 3 contracts
Sources: Deed of Trust, Security Agreement and Fixture Filing (RREEF Property Trust, Inc.), Open End Mortgage Deed, Security Agreement and Fixture Filing (GTJ Reit, Inc.), Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)