Impound definition
Examples of Impound in a sentence
In making any payment from the Impound Account, Lender shall be entitled to rely on any ▇▇▇▇, statement or estimate procured from the appropriate public office or insurance company or agent without any inquiry into the accuracy of such ▇▇▇▇, statement or estimate and without any inquiry into the accuracy, validity, enforceability or contestability of any tax, assessment, valuation, sale, forfeiture, tax lien or title or claim thereof.
The Monthly Impound Payment shall be due and payable on the first day of each month throughout the Lease Term.
The Impound Payments shall be held in a separate account and shall not be commingled with other funds of Landlord and interest thereon shall be held for the account of Tenant.
Landlord shall determine the amount of the Impound Charges and of each Impound Payment.
Landlord shall apply the Impound Payments to the payment of the Impound Charges in such order or priority as Landlord shall determine or as required by law.