Common use of Termination of Central Cash Management Clause in Contracts

Termination of Central Cash Management. The obligations of Borrowers under Section 2.11 and Section 2.12 to maintain and fund or to cause the maintenance and funding of the Collection Accounts, the Manager Accounts and the Cash Collateral Account shall terminate in their entirety and be of no further force or effect upon the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be continuing; (ii) the release of all Mortgages by Lender in accordance with the provisions of this Agreement and the other Loan Documents; and (iii) Borrowers’ receipt of Lender’s written acknowledgment that the conditions described in (i) and (ii) above have been satisfied to Lender’s satisfaction.

Termination of Central Cash Management. The obligations of Borrowers under Section 2.11 and Section 2.12 to maintain and fund or to cause the maintenance and funding of the Collection Accounts, the Manager Accounts and the Cash Collateral Account shall terminate in their entirety and be of no further force or effect upon the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be continuing; (ii) the release of all Mortgages by Lender in accordance with the provisions of this Agreement and the other Loan Documents; and (iii) Borrowers’ ' receipt of Lender’s 's written acknowledgment that the conditions described in (i) and (ii) above have been satisfied to Lender’s 's satisfaction.

Termination of Central Cash Management. The obligations of Borrowers Borrower under Section 2.11 and Section 2.12 to maintain and fund or to cause the maintenance and funding of the Collection Accounts, the Manager Accounts Account and the Cash Collateral Account shall terminate in their entirety and be of no further force or effect upon the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be is continuing; (ii) the total defeasance of the Loan in accordance with the provisions of this Agreement and the other Loan Documents; (iii) the release of all Mortgages the Mortgage by Lender in accordance with the provisions of this Agreement and the other Loan Documents; and (iiiiv) Borrowers’ Borrower's receipt of Lender’s 's written acknowledgment acknowledgement that the conditions described in (i), (ii) and (iiiii) above have been satisfied to Lender’s 's satisfaction.

Termination of Central Cash Management. The obligations of Borrowers Borrower under Section 2.11 and Section 2.12 to maintain and fund or to cause the maintenance and funding of the Collection Accounts, the Manager Accounts Account and the Cash Collateral Account shall terminate in their entirety and be of no further force or effect upon the satisfaction of each of the following conditions: (i) no Default or Event of Default shall have occurred and be continuing; (ii) the release of all Mortgages by Lender in accordance with the provisions of this Agreement and the other Loan Documents; and (iii) Borrowers’ Borrower’s receipt of Lender’s written acknowledgment that the conditions described in (i) and (ii) above have been satisfied to Lender’s satisfaction.