Impound Accounts. To the extent that any Property Operator is required to maintain an impound account pursuant to Section 4.4 of the Master Lease, Borrower shall cause the Property Owner with respect to the Facility leased by such Property Operator to direct that such impound account to be maintained with and subject to the control of Lender, and shall cause the applicable Property Owner to execute such documents as shall be requested by Lender with respect thereto.
Appears in 2 contracts
Sources: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)