Establishment and Funding of Reserves With Administrative Agent. As further security for the Loans, each Borrower agrees to establish and fund the following reserves with the Administrative Agent (or, at the election of the Administrative Agent, with a financial institution approved by the Administrative Agent and in an account in the name of the Administrative Agent), to be held by the Administrative Agent as security for the Loans:
Appears in 2 contracts
Sources: Loan Agreement (Sunstone Hotel Investors, Inc.), Loan Agreement (Sunstone Hotel Investors, Inc.)