Rent Loss Proceeds definition

Rent Loss Proceeds shall have the meaning set forth in Section 7.1 hereof.

Rent Loss Proceeds means the proceeds received under any rent loss or business interruption insurance policies.

Rent Loss Proceeds means the aggregate of any loss or business interruption insurance proceeds which the carrier acknowledges is payable to Lender.

Examples of Rent Loss Proceeds in a sentence

• The Net Proceeds, Rent Loss Proceeds, and any Additional Funds shall constitute additional security for the Loan and Borrower shall execute, deliver, file and/or record, at its expense, such instruments as Lender requires to grant to Lender a perfected, first-priority security interest in these funds.

• The Administrative Agent acknowledges that provided that no Event of Default has occurred and is continuing, all Rent Loss Proceeds shall be payable to the Borrower or the applicable Loan Party.

• The Net Proceeds, Rent Loss Proceeds, and any Additional Funds shall constitute additional security for the Individual Loan, and Borrower shall execute, deliver, file and/or record, at its expense, such instruments as Lender requires to grant to Lender a perfected, first-priority security interest in these funds.

• On each date on which Lender actually receives a distribution of Net Proceeds, and if Lender does not make such Net Proceeds available for Restoration or for disbursement as Rent Loss Proceeds (as applicable), in each case, in accordance with the applicable terms and conditions hereof, Borrower shall, at Lender's option, prepay the Debt in an amount equal to one hundred percent (100%) of such Net Proceeds together with any applicable Interest Shortfall.

• The Net Proceeds, Rent Loss Proceeds, and any Additional Funds shall constitute additional security for the Loans and Borrower shall authorize, execute, deliver, file and/or record, at its expense, such instruments as Administrative Agent requires to grant to Administrative Agent a perfected, first-priority security interest in these funds.

• Upon the occurrence and during the continuance of an Event of Default, Lender may exercise all of its rights and remedies as a secured party under the UCC with respect to such Net Proceeds, Rent Loss Proceeds and other rights described above.

• From and after consummation of the Restoration and until Property Stabilization, any remaining balance of Rent Loss Proceeds shall, provided no Event of Default is continuing, be applied by Lender to Borrower’s obligations hereunder and under the other Loan Documents as the same become due and payable.

• AND THE NOTES THERETO, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

• During the continuance of an Event of Default, all Rent Loss Proceeds shall be held by Lender and may be applied by Lender, in each case, in the same manner as funds held in the Reserve Accounts pursuant to the terms thereof and of the other Loan Documents.

• From and after consummation of Restoration and Property Stabilization, any Rent Loss Proceeds then held or thereafter received by Lender on account of the casualty which was the subject of such completed Restoration shall, provided no Event of Default has occurred and is continuing, be disbursed by Lender to Borrower.

More Definitions of Rent Loss Proceeds

Rent Loss Proceeds. As defined in Section 4.1(t)(iii).

Rent Loss Proceeds. The proceeds received under any rent loss or business interruption insurance policies. Repair Work as defined in Section 14.1.

Rent Loss Proceeds shall have the meaning set forth in Section 7.1 hereof. “Rents” shall have the meaning set forth in the Security Instrument.

Rent Loss Proceeds shall have the meaning set forth in Section 9.1 hereof. “Rent Roll” shall have the meaning set forth in Section 5.17 hereof. “Rents and Profits” shall have the meaning set forth in the Security Instrument. “Reporting Failure” shall have the meaning set forth in Section 7.12 hereof. “Required Financial Item” shall have the meaning set forth in Section 7.12 hereof. “Required PIP Reserve Funds Amount” shall have the meaning set forth in Section 4.5(a) hereof. “Reserve Funds” shall mean the Debt Service Reserve Funds, Tax and Insurance Reserve Funds, the FF&E Reserve Funds, the PIP Reserve Funds and any other escrow funds established pursuant to the express terms of this Agreement or the other Loan Documents. “Reserve Percentage” shall mean the rates (expressed as a decimal) of reserve requirements applicable to Agent, if any, on the date two (2) Business Days prior to the beginning

Rent Loss Proceeds shall have the meaning ascribed to such term in Section 4.07(c). “Replacement Franchise Agreement” shall have the meaning ascribed to such term in Section 4.25(e).

Rent Loss Proceeds shall have the meaning set forth in the Mortgage Loan Agreement.