Common use of Cash Management Procedures Clause in Contracts

Cash Management Procedures. For any period during which cash management procedures are implemented by or on behalf of any Mortgagee, Manager shall abide by such procedures as directed in writing by the Mortgagee, including those current cash management and lockbox procedures in place as of the Effective Date. Furthermore, Manager agrees to direct all distributions into the lockbox account in accordance with the Loan Agreement.

Cash Management Procedures. For any period during which cash management procedures are implemented by or on behalf of under and in accordance with any MortgageeLoan Documents, Manager shall abide by such procedures to the extent set forth in any such Loan Documents or as directed in writing by the Mortgagee, including those current cash management and lockbox procedures in place as of the Effective DateResort Owner. Furthermore, Manager agrees to direct all distributions into the a lockbox account in accordance with to the extent required by any Loan Agreement.