Sole Dominion and Control. Lessee and Operator acknowledge and agree that the Agent Accounts are subject to the sole dominion, control and discretion of Lessor, its authorized agents or designees, including Agent, subject to the terms hereof. Neither Lessee nor Operator shall have the right of withdrawal with respect to any Agent Account except with the prior written consent of Lessor. Agent shall have the right and agrees to comply with the instructions of Lessor with respect to the Agent Accounts without the further consent of Lessee or Operator. Agent shall comply with all "entitlement orders" (as defined in Section 8-102(a)(8) of the UCC) and instructions originated by Lessor without further consent by Lessee or any other party.
Appears in 2 contracts
Sources: Lease Agreement (CNL Retirement Properties Inc), Refinancing and Acquisition Agreement (CNL Retirement Properties Inc)