Amount of Deposits. During the occurrence and continuance of a Trigger Period, Borrower shall deposit with Depository, into an account in the name of Lender (the “Tax and Insurance Reserve Account”), monthly, one-twelfth (l/12th) of the annual premiums for insurance and one-twelfth (1/12th) of the amount of all Impositions estimated by Xxxxxx to be due for the immediately succeeding calendar year. In addition, if required by Lender during the occurrence and continuance of a Trigger Period, Borrower shall also deposit with the Depository a sum of money which, together with the aforesaid monthly installments, will be sufficient to make each of said payments of Impositions and premiums at least thirty (30) days before such payments are due. All interest earned on the funds held by the Depository, less Depository’s customary administrative charges, shall be credited to, and remain in an account with the Depository, but the amount thereof shall be credited against future deposit obligations under this Section 5.1. Lender shall bear no liability for the failure to achieve any particular rate of return or yield on funds held by the Depository. If the amount of any such payments is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of Lender’s reasonable estimate thereof, and, when such amount is fixed for the then-current year, Borrower shall promptly deposit any deficiency with the Depository. Lender acknowledges and agrees that Borrower is not currently required to make the deposits pursuant to this Section 5.1, provided, however, that (i) in connection with deposits for Impositions, Lender retains the right to require Borrower to make the deposits specified herein in the future, and (ii) in connection with deposits for premiums for insurance, Lender shall not require Borrower to make such deposits provided that (A) no Trigger Period or event which with the giving of notice or lapse of time, or both, would constitute a Trigger Period hereunder or under any Loan Document shall exist and remain uncured, (B) Borrower is maintaining the required insurance hereunder pursuant to a blanket insurance Policy approved by Xxxxxx in Xxxxxx’s sole and absolute discretion, and (C) Borrower has provided Lender with 156506983 evidence reasonably satisfactory to Lender of payment in advance of the annual Insurance Premiums.
Amount of Deposits. Beneficiary may require that each month Grantor deposit with Trustee, Beneficiary or any service or financial institution designated for such purposes by Beneficiary (whichever of the foregoing is applicable being the "Depository"), one-twelfth (1/12) of the annual Impositions and premiums for insurance required under Section 1.05, and Grantor shall accordingly make such deposits. In addition, if required by Beneficiary, Grantor shall also deposit with the Depository a sum of money which, together with the aforesaid monthly installments, will be sufficient to make payments of Impositions and premiums at least thirty (30) days before such payments are delinquent. If the amount of any such payment is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of Beneficiary s estimate thereof, and when such amount is fixed for the then-current year, Grantor shall promptly deposit any deficiency with the Depository. (b)
Amount of Deposits. Upon the occurrence of an Event of Default hereunder, and during the continuance thereof, in order to more fully protect the security herein described, Beneficiary may at any time require that Trustor thereafter deposit and Trustor shall thereafter deposit each month with Beneficiary or any loan servicer or financial institution pursuant to Section 2.8.5 (the “Depository”), an amount equal to one-twelfth (1/12) of the estimated annual (i) Impositions; (ii) premiums for insurance required under Section 2.3; and (iii) other charges imposed upon the Land and/or the Improvements. In addition, if required by Beneficiary, Trustor shall also deposit with the Beneficiary or Depository, as Beneficiary may direct, a sum of money which, together with the aforesaid monthly installments, will be sufficient to make each of said payments of insurance premiums at least thirty (30) days before such payments are due. If the amount of any such payments is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of Beneficiary’s reasonable estimate thereof, and, when such amount becomes fixed for the then current year, Trustor shall promptly deposit any deficiency with Beneficiary or the Depository, as Beneficiary shall direct.
Amount of Deposits. The aggregate amount of the Deposits on the Closing Date shall be no less than $40,000,000.
Amount of Deposits. The amount of a deposit for a period of service under § 842.304(a)(2) equals 1.3 percent of the basic pay for the service, plus interest. The amount of a deposit for a period of service under § 842.304(a)(3) equals the amount that would have been deducted from pay under 5 U.S.C. 8422(a) had the employee been subject to FERS during the service, plus interest.
Amount of Deposits a. The amount of deposit required shall not be more than the maximum charge or three months service or as may be required by the Company in cases involving service for short periods or special occasions. The Company may require the customer to increase the amount of the deposit at any time, if the charges billed against the customer are found to warrant such an increase. Qualified low income applicants may apply for Lifeline Assistance.
Amount of Deposits. Secured Party may, at any time after an Event of Default (whether or not subsequently waived or then existing), require for the balance of the term of the Note that Debtor deposit with Secured Party or any service or financial institution designated by Secured Party pursuant to Section 3.10(e) (collectively, a "Depository"), monthly, one-twelfth (1/12) of the annual Assessments and the premiums for insurance required under Section 3.06, and Debtor shall, accordingly, make such deposits. In addition, if required by Secured Party, Debtor shall also deposit with the Depository a sum of money which, together with the aforesaid monthly installments, will be sufficient to make each of said payments of Assessments and premiums at least sixty (60) days before such payments are due. If the amount of any such payments is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of Secured Party's estimate thereof, and, when such amount is fixed for the then-current year, Debtor shall promptly deposit any deficiency with the Depository.
Amount of Deposits. To further secure the Mortgagor's obligations under sections 3 and 10, but not in lieu thereof, the Collateral Agent, at its option, following the occurrence and during the continuance of an Event of Default, may require that the Mortgagor deposit with the Collateral Agent, monthly on the first day of each month, a sum equal to one-twelfth (1/12) of the estimated annual cost of all Impositions levied on the Mortgaged Property, and a sum equal to one-twelfth (1/12) of the estimated annual insurance premiums required to keep the Improvements and the Fixtures and Equipment insured as required by section 10 hereof, and the Mortgagor shall, accordingly, make such deposits. In addition, if required by the Collateral Agent, the Mortgagor shall also deposit with the Collateral Agent a sum of money which, together with the aforesaid monthly installments, will be sufficient to make each of said payments of Impositions and premiums, at least 10 days before such payments are due. If the amount of any such payments is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of the Collateral Agent's estimate thereof, and, when such amount is fixed for the then-current year, the Mortgagor shall promptly deposit any deficiency with the Collateral Agent.
Amount of Deposits. To further secure the Mortgagor's obligations under sections 3 and 10, but not in lieu thereof, the Collateral Agent, at its option, following the occurrence and during the continuance of an Event of Default, may at any time after the Lien of the First Mortgage has been terminated and discharged, require that the Mortgagor deposit with the Collateral Agent, monthly on the first day of each month, a sum equal to one-twelfth (1/12) of the estimated annual cost of all Impositions levied on the Mortgaged Property, and a sum equal to one-twelfth (1/12) of the estimated annual insurance premiums required to keep the Improvements and the Fixtures and Equipment insured as required by section 10 hereof, and the Mortgagor shall, accordingly, make such deposits. In addition, if so required by the Collateral Agent, the Mortgagor shall also deposit with the Collateral Agent a sum of money which, together with the aforesaid monthly installments, will be sufficient to make each of said payments of Impositions and premiums, at least 10 days before such payments are due. If the amount of any such payments is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of the Collateral Agent's estimate thereof, and, when such amount is fixed for the then-current year, the Mortgagor shall promptly deposit any deficiency with the Collateral Agent.
Amount of Deposits. Mortgagee may require that each month Grantor deposit with Trustee, Mortgagee or any service or financial institution designated for such purposes by Mortgagee (whichever of the foregoing is applicable being the "Depository"), one-twelfth (1/12) of the annual Impositions and premiums for insurance required under Section 1.05, and Grantor shall accordingly make such deposits. In addition, if required by Mortgagee, Grantor shall also deposit with the Depository a sum of money which, together with the aforesaid monthly installments, will be sufficient to make payments of Impositions and premiums at least thirty (30) days before such payments are delinquent. If the amount of any such payment is not ascertainable at the time any such deposit is required to be made, the deposit shall be made on the basis of Mortgagee's estimate thereof, and when such amount is fixed for the then-current year, Grantor shall promptly deposit any deficiency with the Depository. (b)
