Right to Impound. At any time following the occurrence of a Default and without regard to any subsequent cure or waiver of such Default, Lender may give a written notice to Borrower (an “Impound Notice”), requiring Borrower to deposit with Lender the amounts described below, continuing until all Liens securing the Obligations have been released or until Lender otherwise notifies Borrower. The Impound Notice will be effective (the “Impound Commencement Date”) on the first Payment Day to occur after the date Lender gives the Impound Notice.
Right to Impound. Commencing on the first Payment Day (as defined in the Note) to occur after the Closing Date (the “Impound Commencement Date”), Borrower shall deposit with Lender the amounts described below, continuing until all Liens securing the Obligations have been released or until Lender otherwise notifies Borrower.
Right to Impound. Commencing upon written request made by Agent at any time an Event of Default exists (the “Impound Commencement Date”), Borrower shall deposit with Agent the amounts described below, on a continuing basis until all Liens securing the Obligations have been released or until Agent otherwise notifies Borrower.
