Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Account pursuant to the terms of the Mortgage Loan Documents or are required to be paid to Lender pursuant to the terms of any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount required to be so disbursed to the Mezzanine Deposit Account or so paid to Lender on such date.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Mezzanine Loan Agreement (Hersha Hospitality Trust)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Cash Management Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, each Borrower shall exercise its rights under the organization documents of the applicable Mortgage Borrower Company Agreement to cause such Mortgage Borrower to make to such Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Cash Management Account or so otherwise paid to Lender on such date.
Appears in 2 contracts
Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, Inc.)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Cash Management Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Cash Management Account or so otherwise paid to Lender on such date.
Appears in 2 contracts
Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender under any of the Loan Documents, to the extent such amounts are not paid pursuant to the terms of any of the Loan DocumentsManagement Agreement, Borrower shall exercise its rights under the Mortgage Mezzanine A Borrower Company Agreement to cause Mortgage Mezzanine A Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Account or so otherwise paid to Lender on such date.
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Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Debt Service Account pursuant to the terms of the Mortgage Loan Documents Mezzanine Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Operating Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Debt Service Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Cash Management Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement its organizational documents to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Cash Management Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (CNL Income Properties Inc)
Special Distributions. On each date on which amounts are required to be disbursed to the First Mezzanine Deposit Cash Management Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the First Mezzanine Deposit Cash Management Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Account pursuant to the terms of the Mortgage Loan Documents Mezzanine Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (CNL Hotels & Resorts, Inc.)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine A Deposit Account pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Organizational Documents of Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: Management Agreement (Piedmont Office Realty Trust, Inc.)
Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Collection Account (as defined in the Cash Management Agreement) pursuant to the terms of the Mortgage Loan Documents Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Collection Account or so otherwise paid to Lender on such date.
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Special Distributions. On each date on which amounts are required to be disbursed to the Mezzanine Deposit Debt Service Account pursuant to the terms of the Mortgage Loan Documents Mezzanine Cash Management Agreement or are required to be paid to Lender pursuant to the terms of under any of the Loan Documents, Borrower shall exercise its rights under the Mortgage Borrower Company Agreement to cause Mortgage Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be so disbursed to the Mezzanine Deposit Debt Service Account or so otherwise paid to Lender on such date.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Prime Group Realty Trust)