Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for Unfunded Obligations required to be funded by Borrower (the “Unfunded Obligations Account”).
Appears in 3 contracts
Samples: Loan Agreement (W2007 Grace Acquisition I Inc), Loan Agreement (Pebblebrook Hotel Trust), Loan Agreement (Glimcher Realty Trust)
Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for Unfunded Obligations required to be funded by Borrower (the “"Unfunded Obligations Account”").
Appears in 2 contracts
Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)
Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for Unfunded Obligations required to be funded by Borrower (the “Unfunded Obligations Account”)) which Unfunded Obligations Account shall be subject to the Cash Management Agreement.
Appears in 1 contract
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)
Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for an amount in respect of the Unfunded Obligations required to be funded by Borrower (the “"Unfunded Obligations Account”").
Appears in 1 contract
Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for an amount in respect of Unfunded Obligations required to be funded by Borrower (the “Unfunded Obligations Account”). The portion of the amount contained in the Unfunded Obligations Account that relates to the Xxxxxx Xxxxxxxx lease is referred to herein as the “Xxxxxx Reserve”.
Appears in 1 contract
Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.)
Unfunded Obligations Account. (a) On or prior to the Closing Date, if the Unfunded Obligations Amount is greater than zero, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving for an amount in respect of Unfunded Obligations required to be funded by Borrower (the “"Unfunded Obligations Account”").
Appears in 1 contract
Samples: Loan Agreement (Alexanders Inc)
