Springing Hard definition

Springing Hard means that a Lockbox is not in use at closing, but upon occurrence of a trigger event, as defined in the related loan documents, each tenant will be required to transfer its rent directly to the Lockbox account.
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Examples of Springing Hard in a sentence

  • Xxxxx No $198,449 $39,690 $0 $0 $0 $68,982 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 Springing Hard Hospitality Lockout/27_Defeasance/89_0%/4 Actual/360 294 Rooms 3 6, 7 21634895 Spectrum Office Portfolio Spectrum OPC, LLC 4.3325% 4.3180% $70,000,000 70,000,000 120 120 11/6/2027 0 0 $256,239 0.0050% 0.000000% Actual/360 NAP GSMC GSMC Xxxx Properties Corp.

  • Borrower shall enter into that certain Cash Management Agreement (Springing Hard) dated as of even date herewith (the “Cash Management Agreement”) among Borrower, Lender, as “Lender”, and Lender, as “Depository,” which shall govern the collection and disbursement of all Gross Income (as defined in the Cash Management Agreement).

  • Table A1:Mortgage Loan Seller Mortgage Loan Underlying Property Characteristic Source Document Value Provided ValueJP Morgan 740 Madison NAP Detailed Property Type Anchored Single TenantYear Renovated 2016 2017Single Tenant (Yes/No) No YesLockbox Springing Hard HardJP Morgan/GACC Starwood Capital Group Hotel Portfolio Courtyard Wichita Falls Year Renovated <blank> 2017See Note (1) Ownership Interest Fee Simple/Leasehold Fee SimpleExhibit 2 to Attachement A Page 10 of 24Notes: (continued)4.

  • The Mortgage Loan is characterized as having a Soft Springing Hard Lockbox for rents from the master lease and a Hard Lockbox for the remaining tenants at the Mortgaged Property.

Related to Springing Hard

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  • member of the work-related activity group means a person who has or is treated as having limited capability for work under either—

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  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

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  • 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.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

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  • Bank Levy means the bank levy which is imposed under section 73 of, and schedule 19 to, the Finance Xxx 0000 (the “UK Bank Levy”) and any levy or Tax of an equivalent nature imposed in any jurisdiction in a similar context or for a similar reason to that in and/or which the UK Bank Levy has been imposed by reference to the equity and liability of a financial institution or other person carrying out financial transactions.

  • Investment Consultant means PMA Asset Management, LLC, or such other Person who shall be acceptable to the Governing Board.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

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