Rent Proceeds definition

Rent Proceeds means the proceeds of any Rents.
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Examples of Rent Proceeds in a sentence

  • The portion of rent collected to be sent to Owner after Commissions and any other deductions allowed is the “Rent Proceeds.” Red Fox Realty shall use due diligence in processing and forwarding Rent Proceeds to Owner via (ACH) or other mutually agreeable delivery mode.

  • All amounts from time to time held by Agent pursuant to this Section 7.15 are hereinafter referred to as "Rent Proceeds." Agent may apply all such Rent Proceeds toward the Indebtedness then due and payable in such order as Agent shall determine.

  • If, for a given rental period, Red Fox Realty forwards Rent Proceeds to Owner and it is later discovered that the tenant paid with a worthless (“NSF”) check, and the tenant does not make good the NSF check to Red Fox realty within seven (7) days, Owner will promptly reimburse to Red Fox Realty the applicable Rent Proceeds.

  • By way of example only, a demand made for Rent Proceeds delivered by Owner to Red Fox Realty prior to the expiration of ten (10) days after Rent for a given period is collected, shall not trigger the ten (10) day default period above – such demand would be effective to trigger default only if made after the expiration of the ten (10) day period described in Section 5 above.

  • Escrow Agent shall disburse to Purchaser amounts equal to the monthly Petco Rent Proceeds on Purchaser's request on a monthly basis during and for the period from the Closing Date to the rent commencement date under the Petco Lease.

  • The Mortgagor may, subject to this clause 6.12, collect and apply the Rent Proceeds in the ordinary course of its ordinary business.

  • I (We) hereby authorize Davidson Property Management, hereinafter called COMPANY, to initiate credit entries for Rent Proceeds from our investment property(s) to my (our) account indicated below and the financial institution named below, hereinafter call FINANCIAL INSTITUTION, to credit the same to such account.

  • By way of example only, a demand made for Rent Proceeds delivered by Owner to Red Fox Realty prior to the first business day of the month following collection of the rent proceeds shall not trigger the 15 day default period above – such demand would be effective to trigger default only if made after the first day of the month following collection.

  • Borrower hereby grants to Agent for the benefit of Lender and Agent a security interest in the Rent Proceeds for the purpose of securing the Loan.

  • The Rent Proceeds may be commingled with Agent's or Agent's designee's general funds and shall not be deemed to be held in trust for the benefit of Borrower.

Related to Rent Proceeds

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Subject Proceeds has the meaning assigned to such term in Section 2.11(b)(ii).

  • Net Condemnation Proceeds The Condemnation Proceeds received with respect to any Mortgage Loan or Serviced Companion Loan (including an REO Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect thereto and (ii) amounts required to be applied to the restoration or repair of the related Mortgaged Property; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited to any related Condemnation Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Investment Proceeds means, with respect to any Distribution ------------------- Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1997-1 Accounts, together with an amount equal to the Series 1997-1 Investor Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.