Mortgage Loan Cash Management Agreement definition

Mortgage Loan Cash Management Agreement means the “Cash Management and Control Agreement” as defined in the Mortgage Loan Agreement.
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Mortgage Loan Cash Management Agreement means the Cash Management Agreement of even date herewith among Mortgage Borrowers, Mortgage Lender, Manager, and Lock Box Account Bank and any replacement thereof entered into with a successor Agent in accordance with the terms thereof.
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Mortgage Loan Cash Management Agreement means the Cash Management Agreement entered into among Xxxxx Fargo Bank, National Association, Mortgage Lender and Mortgage Borrower.
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Examples of Mortgage Loan Cash Management Agreement in a sentence

  • Under certain circumstances, payments of principal on the Mortgage Loan and on the Loan that would have been distributed pro-rata to the Mortgage Lender and to Lender under the Mortgage Loan Cash Management Agreement may, at Mortgage Lender's option, be applied only to reduce the outstanding principal balance and other sums due and owing under the Mortgage Loan (such event, a "DISPROPORTIONATE PAYDOWN").

  • In addition, the Borrowers shall cause the Mortgage Borrowers to direct the Mortgage Lender to release all funds held in the Mortgage Loan Lock Box or any of the reserves established pursuant to the Mortgage Loan Cash Management Agreement, or the Mortgage Loan Documents, to be deposited with Lock Box Account Bank to be held in the applicable Reserves in accordance with the terms hereof and the Cash Management Agreement.

  • Instead of relying on a general notion of the rule of law to confer temporary validity, the Court of Final Appeal was prepared to rely on an inherent jurisdiction, arguing that ‘the power to suspend a declaration is a concomitant of power to make the declaration’.21 While this seems to provide a better jurisdictional basis for the exercise of this power, it is unclear if such ‘inherent jurisdiction’ exists in the first place.

  • In addition, upon the occurrence of any such event the Borrower shall cause the Mortgage Borrowers to direct the Mortgage Lender to release all funds held in the Mortgage Loan Lock Box or any of the reserves established pursuant to the Mortgage Loan Cash Management Agreement, or the Mortgage Loan Documents, to be deposited with Lock Box Account Bank to be held in the applicable Reserves in accordance with the terms hereof and the Cash Management Agreement.

  • The Borrower will cause all Receipts from the Properties to be deposited into, and shall otherwise comply with, the applicable Accounts established from time to time under the Mortgage Loan Cash Management Agreement and/or the Cash Management Agreement.

  • As of the date hereof, pursuant to the Mortgage Loan Cash Management Agreement and the Deposit Account Control Agreement (as defined in the Cash Management Agreement), Borrower shall establish with Mortgage Lender or Servicer an account (the “Mezzanine Collateral Account”) into which all payments made on account of the Debt hereunder and under the other Loan Documents are to be deposited.

  • As a condition precedent to the closing of the Loan, Borrower shall cause Property Owner to cause the Mortgage Loan Cash Management Bank to execute and deliver the Mortgage Loan Cash Management Agreement which provides, inter alia, that no party other than Mortgage Lender (and “Servicer” (as defined in the Mortgage Loan Agreement) on behalf of Mortgage Lender) shall have the right to withdraw funds from the Mortgage Loan Cash Management Account.

  • Funds held in the FF&E Reserve may be withdrawn by the Borrower or the Mortgage Borrowers, subject in all instances to the terms of the Mortgage Loan Cash Management Agreement, only in accordance with the approved CapEx/FF&E Budget relating to the Properties.

Related to Mortgage Loan Cash Management Agreement

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction entered into in the ordinary course of business.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Swap Administration Agreement As defined in Section 4.08(b).

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Custodial Agreements The Custodial Agreements, listed in Exhibit F hereof, as each such agreement may be amended or supplemented from time to time as permitted hereunder.

  • Subordination Agreement means an agreement among the Agent, the applicable Borrower or Subsidiary of the Borrower and the holder of any Subordinated Debt, pursuant to which such Indebtedness is made subordinate in right of payment to Payment in Full of all Obligations on terms reasonably satisfactory to the Agent.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.