Obligation to Make Payments. Borrower will instruct each Cap Provider and any guarantor of a Cap Provider’s obligations to make Cap Payments directly to Lender or to Loan Servicer on behalf of Lender.
Appears in 39 contracts
Sources: Multifamily Loan and Security Agreement, Loan Agreement Rider, Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Obligation to Make Payments. Borrower will instruct each Cap Provider and any guarantor of a Cap Provider’s obligations to make Cap Payments directly to Funding Lender or to Loan Servicer on behalf of Funding Lender.
Appears in 1 contract
Sources: Continuing Covenant Agreement
Obligation to Make Payments. Borrower will instruct each Rate Cap Provider and any guarantor of a Rate Cap Provider’s obligations to make Rate Cap Payments directly to Lender or to Loan Servicer on behalf of Lender.
Appears in 1 contract
Sources: Loan Agreement
Obligation to Make Payments. Borrower or Cap Purchaser, as applicable, will instruct each Cap Provider and any guarantor of a Cap Provider’s obligations to make Cap Payments directly to Lender or to Loan Servicer on behalf of Lender.
Appears in 1 contract
Sources: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)