Common use of Credit for Amounts on Deposit Clause in Contracts

Credit for Amounts on Deposit. In the event of prepayment or defeasance pursuant to the terms and conditions of Section 14.02 of the Trust Indenture, in full of the principal components of Rent Payments and all additional rent then due pursuant to Section 4.7, then the lien of the Trust Indenture shall be discharged. As a result of such prepayment, the Lessor shall instruct the Trustee in writing to credit all amounts then on deposit in a Rent Payment Fund or an Acquisition Fund towards the amounts then required to be so prepaid and if any amounts remain on deposit in such funds after prepayment or defeasance of all Rent Payments and other amounts required to be paid by the Lessee hereunder, the Lessor shall direct the Trustee in writing to pay over such residuals to the Lessee.

Credit for Amounts on Deposit. In the event of prepayment or defeasance pursuant to the terms and conditions of Section 14.02 of the Trust Indenture, in full of the principal components of Rent Payments and all additional rent then due pursuant to Section 4.74.7 under this Article IX, then the lien of the Trust Indenture shall be discharged. As a result of such prepayment, the Lessor shall instruct the Trustee in writing to credit all amounts then on deposit in a Rent Payment Fund or an Acquisition Fund towards the amounts then required to be so prepaid and if any amounts remain on deposit in such funds after prepayment or defeasance of all Rent Payments and other amounts required to be paid by the Lessee hereunder, the Lessor shall direct the Trustee in writing to pay over such residuals to the Lessee.