Account Name. The Accounts shall each be in the names set forth herein; provided, however, that if Lender transfers or assigns the Loan, Agent, at Lender's request (with respect to the Accounts other than the Deposit Account), and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall change the name of each Account to the name of Servicer, as agent for Lender.
Appears in 4 contracts
Sources: Cash Management Agreement (Lodgian Inc), Cash Management Agreement (Lodgian Inc), Cash Management Agreement (Lodgian Inc)
Account Name. (a) The Accounts shall each be in the names set forth herein; provided, however, that if name of Lender.
(b) In the event Lender transfers or assigns the Loan, Agent, at Lender's request (with respect to Borrower acknowledges that the Accounts other than the Deposit Account), Property Account Bank and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, AgentLockbox Bank, at Lender's request, shall change the name of each Account to the name of Servicerthe transferee or assignee. In the event Lender retains a servicer to service the Loan, Borrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's request, shall change the name of each account to the name of the servicer, as agent for Lender.
Appears in 1 contract
Account Name. The Accounts shall each be exclusively in the names set forth hereinname of Lender; providedPROVIDED, howeverHOWEVER, that if in the event Lender transfers or assigns all or any portion of the Loan, Agent, at Lender's request (with respect to the Accounts other than the Deposit Account), and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, AgentBank, at Lender's request, shall change the name of each Account to the name of the 283 transferee or assignee. In the event Lender retains a Servicer to service the Loan, Deposit Bank, at Lender's request, shall comply with the instructions of Servicer, as agent for Lender.
Appears in 1 contract
Sources: Cash Management Agreement (Horizon Group Properties Inc)
Account Name. The Accounts shall each be exclusively in the names set forth hereinname of Lender; provided, however, that if in the event Lender transfers or assigns the Loan, Agent, at Lender's request (with respect to the Accounts other than the Deposit Account), and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall change the name of each Account to the name of the transferee or assignee. In the event Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall comply with the instructions of Servicer, as agent for Lender.
Appears in 1 contract
Sources: Cash Management Agreement (Cedar Shopping Centers Inc)
Account Name. The Accounts shall each be in the names set forth herein; provided, however, that if Lender transfers or assigns the Loan, Agent, at Lender's request (with respect to the Accounts other than the Deposit Account), and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall change the name of each Account to the name of Servicer, as agent for Lender.. Cash Management Agreement (FX1)
Appears in 1 contract
Account Name. (a) The Accounts shall each be in the names set forth herein; provided, however, that if name of Lender.
(b) In the event Lender transfers or assigns the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's request (with respect to the Accounts other than the Deposit Account)’s request, and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If In the event Lender retains a Servicer servicer to service the Loan, AgentBorrower acknowledges that the Property Account Bank and Lockbox Bank, at Lender's ’s request, shall change the name of each Account account to the name of Servicerthe servicer, as agent for Lender.
Appears in 1 contract
Account Name. The Accounts shall each be in the names set forth herein; provided, however, that if Lender transfers or assigns the Loan, Agent, at Lender's request (with respect to the Accounts other than the Deposit Account), and each Deposit Bank (with respect to its Deposit Account) shall change the name of each Account to the name of the transferee or assignee. If Lender retains a Servicer to service the Loan, Agent, at Lender's request, shall change the name of each Account to the name of Servicer, as agent for Lender.. Cash Management Agreement (FX4)
Appears in 1 contract