Past Due Rent Payments Sample Clauses

Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 2.2(a) or (b), after the occurrence of a Series 2018-1 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2018-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2018-1 Collection Account an amount equal to the Series 2018-1 Invested Percentage as of the date of the occurrence of such Series 2018-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2018-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2018-1 Collection Account and apply the Series 2018-1 Past Due Rent Payment in the following order:
AutoNDA by SimpleDocs
Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 3.2(a), if after the occurrence of a Series 2004-1 Lease Payment Deficit, the Lessees shall make pay-ments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2004-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Invested Percentage as of the date of the occurrence of such Series 2004-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2004-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2004-1 Collection Account and apply the Series 2004-1 Past Due Rent Payment in the following order:
Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 2.2(a) or (b), after the occurrence of a Series 2013-1 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2013-1 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct NEWYORK 8960494 (2K)A&R Series 2013-1 Supplement (Class C Note issuance) 34 the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2013-1 Collection Account an amount equal to the Series 2013-1 Invested Percentage as of the date of the occurrence of such Series 2013-1 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2013-1 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2013-1 Collection Account and apply the Series 2013-1 Past Due Rent Payment in the following order:
Past Due Rent Payments. Notwithstanding the foregoing, if in the case of Section 2.2(a) or (b), after the occurrence of a Series 2017-2 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2017-2 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2017-2 Collection Account an amount equal to the Series 2017-2 Invested Percentage as of the date of the occurrence of such Series 2017-2 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2017-2 Past Due Rent Payment”). The Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2017-2 Collection Account and apply the Series 2017-2 Past Due Rent Payment in the following order: AMERICAS 93983148 (2K) 31 (i) if the occurrence of such Series 2017-2 Lease Payment Deficit resulted in one or more Lease Deficit Disbursements being made under the Series 2017-2 Letters of Credit, pay to each Series 2017-2 Letter of Credit Provider who made such a Lease Deficit Disbursement for application in accordance with the provisions of the applicable Series 2017-2 Reimbursement Agreement an amount equal to the lesser of (x) the unreimbursed amount of such Series 2017-2 Letter of Credit Provider’s Lease Deficit Disbursement and (y) such Series 2017-2 Letter of Credit Provider’s Pro Rata Share of the Series 2017-2 Past Due Rent Payment;
Past Due Rent Payments. Notwithstanding Section 3.2(a) or Section 3.2(b), at any time prior to the commencement of the Series 2006-2 Rapid Amortization Period if after the occurrence of a Series 2006-2 Lease Payment Deficit, the Lessees shall make payments of Monthly Base Rent or other amounts payable by the Lessees under the Leases on or prior to the fifth Business Day after the occurrence of such Series 2006-2 Lease Payment Deficit (a “Past Due Rent Payment”), the Administrator shall direct the Trustee in writing pursuant to the Administration Agreement to allocate to the Series 2006-2 Collection Account an amount equal to the Series 2006-2 Invested Percentage as of the date of the occurrence of such Series 2006-2 Lease Payment Deficit of the Collections attributable to such Past Due Rent Payment (the “Series 2006-2 Past Due Rent Payment”). Unless the Series 2006-2 Rapid Amortization Period has commenced, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement to withdraw from the Series 2006-2 Collection Account and apply the Series 2006-2 Past Due Rent Payment in the following order:

Related to Past Due Rent Payments

  • Additional Payments Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations.

Time is Money Join Law Insider Premium to draft better contracts faster.