Common use of Collection of Revenues Clause in Contracts

Collection of Revenues. In connection with the exercise by ▇▇▇▇▇▇ of the rights and remedies provided for in subparagraph (a)(ii) of this Paragraph 22: (i) Lender may notify any tenant, lessee or licensee of the Property, or any account debtor either in the name of Lender or Borrower, to make payment of Revenues directly to Lender or Lender's agents, may advise any person of Lender's interest in and to the Revenues, and may collect directly from such tenants, lessees and licensees all amounts due on account of the Revenues; (ii) At Lender's request, Borrower will provide written notification to any or all tenants, lessees and licensees of the Property and account debtors concerning ▇▇▇▇▇▇'s interest in the Revenues and will request that such tenants, lessees and licensees and account debtors forward payment thereof directly to Lender; (iii) Borrower shall hold any proceeds and collections of any of the Revenues in trust for Lender and shall not commingle such proceeds or collections with any other funds of Borrower; and (iv) Borrower shall deliver all such proceeds to Lender immediately upon the receipt thereof by Borrower in the identical form received, but duly endorsed or assigned on behalf of Borrower to Lender.

Collection of Revenues. In connection with the exercise by ▇▇▇▇▇▇ Collateral Agent of the rights and remedies provided for in subparagraph (a)(ii) of this Paragraph 2217: (i) Lender Collateral Agent may notify any tenant, lessee or licensee of the Property, or any account debtor either in the name of Lender Collateral Agent or BorrowerMortgagor, to make payment of Revenues directly to Lender Collateral Agent or LenderCollateral Agent's agents, may advise any person of LenderCollateral Agent's interest in and to the Revenues, and may collect directly from such tenants, lessees and licensees all amounts due on account of the Revenues; (ii) At LenderCollateral Agent's request, Borrower Mortgagor will provide written notification to any or all tenants, lessees and le▇▇▇▇▇ ▇▇▇ licensees of the Property and account debtors concerning ▇▇▇▇▇▇Collateral Agent's interest in the Revenues and will request that such tenants, lessees and licensees and account debtors forward payment thereof directly to LenderCollateral Agent; (iii) Borrower Mortgagor shall hold any proceeds and collections of any of the Revenues in trust for Lender Collateral Agent and shall not commingle such proceeds or collections with any other funds of BorrowerMortgagor; and (iv) Borrower Mortgagor shall deliver all such proceeds to Lender Collateral Agent immediately upon the receipt thereof by Borrower Mortgagor in the identical form received, but duly endorsed or assigned on behalf assign▇▇ ▇▇ ▇▇▇alf of Borrower Mortgagor to LenderCollateral Agent.

Collection of Revenues. In connection with the exercise by ▇▇▇▇▇▇ of ---------------------- the rights and remedies provided for in subparagraph (a)(ii) of this Paragraph 22Paragraph: (i) Lender may notify any tenant, lessee or licensee of the Property, or any account debtor either in the name of Lender or Borrower, to make payment of Revenues directly to Lender or Lender's agents, may advise any person of Lender▇▇▇▇▇▇'s interest in and to the Revenues, and may collect directly from such tenants, lessees and licensees all amounts due on account of the Revenues; (ii) At Lender's request, Borrower will provide written notification to any or all tenants, lessees and licensees of the Property and account debtors concerning ▇▇▇▇▇▇'s interest in the Revenues and will request that such tenants, lessees and licensees and account debtors forward payment thereof directly to Lender; (iii) Borrower shall hold any proceeds and collections of any of the Revenues in trust for Lender and shall not commingle such proceeds or collections with any other funds of Borrower; and (iv) Borrower shall deliver all such proceeds to Lender immediately upon the receipt thereof by Borrower in the identical form received, but duly endorsed or assigned on behalf of Borrower to Lender. The acceptance of payments and funds, and the application of such payments and funds after the commencement of any foreclosure proceedings shall not waive or impair such foreclosure or the defaults in the Secured Obligations.