Common use of Disbursements to Borrower Clause in Contracts

Disbursements to Borrower. Prior to the occurrence of a Cash Management Event, all cleared Current Rents shall be swept to Account B. After the occurrence of a Cash Management Event, and until a Cash Management Restoration Event shall have occurred, when cleared Current Rents have been swept from Account A to the Deposit Account in amounts sufficient to make the deposits described in clauses (A), (B), and (C) of Section 2.6.8 during any Collection Period, (i) the Deposit Bank shall direct the Clearing Bank to continue to sweep cleared funds which are not Current Rents to the Deposit Bank and to stop further payments of Current Rents to the Deposit Bank for the remainder of that Collection Period; (ii) for the duration of that Collection Period, the Clearing Bank shall daily sweep all cleared Current Rents to Account B, from which account such funds may be drawn by Borrower; and (iii) upon the occurrence of the next Payment Date, the Deposit Bank shall stop disbursement of cleared Current Rents from Account A to Account B and shall again sweep all Current Rents from Account A to the Deposit Account. Upon the occurrence of a Cash Management Restoration Event, all cleared Current Rents in Account A shall be swept to Account B as provided above.