Imposition Deposits are defined in Section 7(a).

Imposition Deposits means deposits in an amount sufficient to accumulate with Lender the entire sum required to pay the Impositions when due.

Imposition Deposits has the meaning set forth in the Security Instrument.

Examples of Imposition Deposits in a sentence

Lender shall maintain records indicating how much of the monthly Imposition Deposits and how much of the aggregate Imposition Deposits held by Lender are held for the purpose of paying Taxes, insurance premiums and each other Imposition.
Lender shall maintain records indicating how much of the monthly Imposition Deposits and how much of the aggregate Imposition Deposits held by Lender are held for the purpose of paying Taxes, insurance premiums and each other obligation of Borrower for which Imposition Deposits are required.
The amount of the Imposition Deposits shall be sufficient to enable Lender to pay each Imposition before the last date upon which such payment may be made without any penalty or interest charge being added.
Lender shall have no obligation to pay any Imposition to the extent it exceeds Imposition Deposits then held by Lender.
Lender shall apply the Imposition Deposits to pay Impositions so long as no Event of Default has occurred and is continuing.

More Definitions of Imposition Deposits

Imposition Deposits. “Impositions,” “Leases,” “Rents” and “Restoration,” as well as any term used in this Agreement and not otherwise defined in this Agreement, will have the meanings given to those terms in the Senior Loan Agreement.

Imposition Deposits have the meanings given to those terms in Section 4.

Imposition Deposits shall have the meaning as defined in Section 7(a) of the Instrument.

Imposition Deposits mean the Impositions and Imposition Deposits defined in the Security Instrument.

Imposition Deposits means all deposits held by Grantor or Lender or on its behalf to pay when due (1) any water and sewer charges which, if not paid, may result in a lien on all or any part of the Collateral Property, (2) the premiums for fire and other hazard insurance, rent loss insurance and such other insurance for the Collateral Property as Grantor or Lender may require, (3) taxes and/or payments under any PILOT agreement, assessments, vault rentals and other charges, if any, general, special or otherwise, including all assessments for schools, public betterments and general or local improvements, which are levied, assessed or imposed by any public authority or quasi-public authority, and which, if not paid, will become a lien, on the Land or the Improvements, and (4) amounts for other charges and expenses which Grantor or Lender at any time reasonably deems necessary to protect the Collateral Property, to prevent the imposition of liens on the Collateral Property, or otherwise to protect Grantor’s or Xxxxxx’s interests, all as reasonably estimated from time to time by Grantor or Lender.

Imposition Deposits is defined in Section 8(a)(1) of the Master Lease.

Imposition Deposits as additional security for all of Borrower's obligations under this Instrument and the other Loan Documents. Any amounts deposited with Lender under this Section 7 shall not be trust funds, nor shall they operate to reduce the Indebtedness, unless applied by Lender for that purpose under Section 7(e).