Tax and Insurance Payments Sample Clauses

Tax and Insurance Payments. In addition to the monthly rent provided in Paragraph 3 of the Lease, Lessee shall pay to Lessor Lessee's share of taxes and insurance expenses for each calendar year during the term of the Lease. During the month prior to the commencement of each calendar year, or as soon thereafter as practicable, lessor shall give Lessee notice of Lessor's estimate of the amounts payable under this section for the ensuing calendar year. On the first day of each month during the ensuing calendar year, Lessee shall pay to Lessor one-twelfth (1/12) of such estimated amounts, provided that if such notice is not given prior to the commencement of such calendar year, Lessee shall continue to pay on the basis of the prior year's estimate until the month after such notice is given. Within 90 days after the end of each calendar year in which Lessee is obligated to pay said expenses, Lessor shall furnish Lessee with a statement ("Lessor's Expense Statement") setting forth in reasonable detail the expenses for such calendar year, and Lessee's share of said expenses. If Lessee's share of the actual expenses for such calendar year exceeds the estimated expenses paid by Lessee, Lessee shall pay to Lessor the difference within thirty (30) days after receipt of Lessor's Expenses Statement; and if the total amount paid by Lessee for any such calendar year shall exceed Lessee's share of actual expenses for such calendar year, such excess shall be credited against the next installment of estimated expenses or other rent due from Lessee to Lessor hereunder. If any part of the first or the last years of the term of the Lease shall include any part of an calendar year, Lessee's obligations under this section shall be apportioned based on a 365 day year so that Lessee shall pay only for such parts of such calendar years as are included in the Lease term. For purposes of this section, the following terms shall have the meanings hereinafter set forth:

Tax and Insurance Payments. (Optional): ENS is directed to establish a reserve account and collect, in addition to the scheduled monthly payment, an amount equal to 1/12th the annual taxes and insurance. We understand an analysis will be performed to determine if a deposit is necessary to open the reserve account. Establish a reserve impound for collecting and paying taxes and insurance. Monthly payment: $ Copy of current tax bill or tax authority contact information is attached Copy of the Declaration Page of the Insurance binder is attached Collect $ for taxes and/or insurance and pass it through to the seller—no reserve account necessary 5. FEES: If Payee is responsible for fees, ENS is authorized to deduct fees from the payment proceeds. If Payor is responsible for fees, they will be added to the payment amount and collected with each payment. Delinquent Payor fees may be taken from any subsequent payments received. The fee responsibility is as follows: Set Up Fee: Seller/Payee Monthly Fee: Purchaser/Payor* 50/50 Split* Attached *Please attach a check for Xxxxx’s portion of the set up fee. Seller/Payee Purchaser/Payor 50/50 Split Late Notices: Late Notice to Payor ($2.00 fee) or Late Notice to Payor with Copy to Payee ($3.00 fee) A single notice is sent per delinquent cycle. Fees are per occurrence. Late Notice Fees are deducted from Xxxxx’s disbursement All fees and charges are subject to change with thirty (30) days notice. We agree to pay additional fees charged for extraordinary services whenever (a) you render additional services not set forth herein, (b) conditions of this collection are not promptly fulfilled, (c) manual interest calculations or disbursements must be made because of changes therein or in underlying reserves, or (d) you become involved in litigation concerning this Agreement or the documents.

Tax and Insurance Payments. Upon written request from the Lender, the Borrower shall make monthly escrow payments, as estimated by the Lender for the payment of ad valorem taxes, assessments and insurance premiums. Such escrow payments shall be due and payable simultaneously with the monthly payments due under the terms of the Note. The escrow payments shall be applied by the Lender for the payment of the taxes, assessments and insurance premiums that become due and owing under the term of this Agreement. If the Lender reasonably determines that any amounts previously paid by the Borrower are (or will be) insufficient for the payment in full of the taxes, assessments and premiums, the Lender shall notify the Borrower of the additional amounts required to provide a sufficient fund and, within 10 days after the date of the Lender's notice, the Borrower shall pay to the Lender the additional amount stated in the Lender's notice.

Tax and Insurance Payments. (a) Commencing on the Commencement Date, and thereafter during each Lease Year throughout the Term, Tenant shall pay to Landlord Xxxxxx’s Share of the Real Estate Taxes assessed against the Commercial Property and the cost of Landlord’s insurance required by this Lease. As used herein, the term “

Tax and Insurance Payments. Upon reasonable written request from Lender, after the occurrence of an Event of Default, Borrower shall make monthly escrow payments (hereinafter referred to as the 11 "T&I Payments") to Lender, in advance, on the first day of the month for each month during the term of the Loan as follows: