Central Cash Management. (a) All amounts paid by the issuer of the Rate Cap Agreement (the “Counterparty”) to Borrower or Lender, together with all rents, issues, profits, insurance proceeds, condemnation proceeds, refinancing proceeds and all other sums received with respect to the Premises or distributed with respect to the Equity Interests after all sums which are then due and payable have been paid to Mortgage Lender pursuant to the terms of the Mortgage Loan Documents (collectively, “Remaining Rents”), shall be paid by federal wire transfer or automatic clearing house funds (“ACH”) to Lender and shall be deposited immediately into an Eligible Account located at a bank satisfactory to Lender (the “Lockbox Account”). Lender has established the Lockbox Account in the name of Lender as secured party. The Lockbox Account shall be under the sole dominion and control of Lender. The Lockbox Account shall contain the Debt Service Payment Account (an “Account” and together with the other accounts now or hereafter required to be established pursuant to this Section 2.27, collectively, the “Accounts”) to which certain funds shall be allocated and from which disbursements shall be made pursuant to the terms of the Lockbox Agreement. Borrower hereby irrevocably directs and authorizes Lender to withdraw funds from the Lockbox Account, all in accordance with the terms and conditions of the Lockbox Agreement. Borrower shall have no right of withdrawal in respect of the Lockbox Account. Each transfer of funds to be made hereunder shall be made only to the extent that funds are on deposit in the Lockbox Account, and Lender shall have no responsibility to make additional funds available in the event that funds on deposit are insufficient. Borrower shall enter into or shall cause Owner to enter into a substitute cash management agreement and related lockbox agreement (collectively, the “Substitute CMA Agreements”) with substantially the same terms as the agreements entered into as of the date hereof in connection with the Mortgage Loan as a condition to the satisfaction of the Mortgage Loan or if Mortgage Lender is not requiring that sums be deposited into any Sub-Accounts or Escrow Accounts. Such substitute agreements shall provide that all Remaining Rents shall be deposited into the Lockbox Account for disbursement in accordance with the terms of the Substitute CMA Agreements, the Lockbox Agreement (as amended to conform with the Substitute CMA Agreements) and this Agreement. Additionally, on o...
Central Cash Management. Section 2.13.
Central Cash Management. (a) Collection Account and Deposit Accounts; Deposits to and Withdrawals from the Collection Account.
Central Cash Management. (a) Collection Account and ----------------------- ---------------------- Security Deposit Account. ------------------------
Central Cash Management. 46 Section 2.13. Security Agreement.................................... 57 Section 2.14. Securitization........................................ 60 Section 2.15. Supplemental Mortgage Affidavits...................... 63
Central Cash Management. (a) COLLECTION ACCOUNT DEPOSITS TO AND WITHDRAWALS FROM THE COLLECTION ACCOUNT.
Central Cash Management. Section 5.01 Cash Flow 64 Section 5.02 Establishment of Accounts 65 Section 5.03 Permitted Investments 66 Section 5.04 Servicing Fees 66 Section 5.05 Monthly Funding of Sub-Accounts and Escrow Accounts 66 Section 5.06 Payment of Basic Carrying Costs 68 Section 5.07 Reletting Reserve Escrow Account 68 Section 5.08 Recurring Replacement Reserve Escrow Account 69 Section 5.09 Liquidity Reserve Escrow Account 70 Section 5.10 Rate Cap Agreement 71 Section 5.11 [Reserved] 71 Section 5.12 Performance of Engineering Work 72 Section 5.13 Loss Proceeds 72 Section 5.14 Accrued Lease Liability Escrow Account 73 Section 5.15 Lease Termination Payment Escrow Account 74 Section 5.16 REIT Limitations on Investment of Sums in Escrow Accounts 74 ARTICLE VI CONDEMNATION Section 6.01 Condemnation 75
Central Cash Management. Section 3.12(b) of the Loan Agreement shall be deleted in its entirety and replaced with the following:
Central Cash Management. (a) Collection Account; Deposits to and Withdrawals from the Collection Account. (i) On or before the Closing Date, the Borrower shall establish and maintain with Collateral Agent, as collection account bank (each such bank or other financial institution at which the Collection Account may be established and maintained, the "Collection Account Bank") an account with a separate and unique identification number and entitled "LaSalle National Bank (as Collateral Agent for Salomon Brothers Realty Corp.) pursuant to a Loan Agreement dated as of November 5, 1996 among Echelon International Corporation, Salomon Brothers Realty Corp. and LaSalle National Bank, as such Collateral Agent" (the "Collection Account"). The Collection Account shall be an Eligible Account and shall be comprised of two sub-accounts: the "General Sub-Account" and the "Capital Sub-Account".
Central Cash Management. 36 Section 2.13. Security Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Section 2.14. Supplemental Mortgage Affidavits . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Section 2.15. Securitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
