Examples of Tax and Insurance Escrow Account in a sentence
During an Event of Default Period, Lender may apply the Tax and Insurance Escrow Account funds to the Indebtedness as Lender determines.
Upon such request, Bxxxxxxx will deposit into the Tax and Insurance Escrow Account a sum equal to all Real Estate Taxes and Insurance Premiums for the then current year.
As additional security for the Indebtedness and Bxxxxxxx's obligations under the Loan Documents, Borrower shall, during an Event of Default and Lxxxxx's written request, and until the Maturity Date, establish and maintain the Tax and Insurance Escrow Account.
So long as no Event of Default has occurred and is continuing and Lender has received all invoices for Real Estate Taxes and Insurance Premiums, Lender shall pay (or will permit Borrower to make withdrawals from the Tax and Insurance Escrow Account to pay) all invoices for Real Estate Taxes and Insurance Premiums.
The Tax and Insurance Escrow Account is not, unless otherwise explicitly required by Applicable Law, an escrow or trust fund.