Impounds definition

Impounds shall have the meaning given to such term in Section 4.3.

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Impounds shall have the meaning set forth in the Cash Management Agreement.

Impounds shall have the meaning ascribed to such term in Section 6.12.c.

Examples of Impounds in a sentence

• All Impounds shall be deposited into one or more segregated or commingled accounts maintained by Beneficiary or its servicing agent.

• All Post-Default Impounds shall be payable by Trustor in addition to (but without duplication of) any other Impounds (as defined below).

• Trustor shall deliver to Beneficiary, promptly upon receipt, all bills for Costs for which Beneficiary has required Post-Default Impounds.

• If the Post-Default Impounds paid by Trustor are not sufficient to pay the related Costs, Trustor shall deposit with Beneficiary upon demand an amount equal to the deficiency.

• Within 60 days following full repayment of the Secured Obligations (other than as a consequence of foreclosure or conveyance in lieu of foreclosure) or at such earlier time as Beneficiary may elect, Beneficiary shall pay to Trustor all Impounds in its possession, and no other party shall have any right or claim thereto.

More Definitions of Impounds

Impounds as defined herein; together with all replacements and proceeds of, and additions and accessions to, any of the foregoing, and all books, records and files relating to any of the foregoing. As to all of the above described personal property which is or which hereafter becomes a "fixture" under applicable law, this Deed of Trust constitutes a fixture filing under the California Uniform Commercial Code, as amended or recodified from time to time ("UCC").

Impounds means all amounts collected from Obligors and held by Seller for payment of Impositions in connection with any Loan, including any interest that has accrued thereon for the benefit of an Obligor.

Impounds means all impounds and reserves deposited by any Waisterisk Project Entity from time to time with any Lender or any third-party escrowee acting on behalf of a Lender pursuant to the terms of any Loan Documents, such as, by way of example, impounds for the payment of property taxes and insurance premiums and reserves required by Lenders for capital improvements and tenant security deposits.

Impounds as defined herein; together with all replacements and proceeds of, and additions and accessions to, any of the foregoing, and all books, records and files relating to any of the foregoing. As to all of the above described personal property which is or which hereafter becomes a "fixture" under applicable law, this Deed of Trust constitutes a fixture filing under the Colorado Uniform Commercial Code, as amended or recodified from time to time ("UCC").

Impounds shall have the meaning ascribed to such term in Section 6.12.c. “Independent Manager” - shall have the meaning ascribed to such term in Section 5.2.

Impounds as defined herein; together with all replacements and proceeds of, and additions and accessions to, any of the foregoing, and all books, records and files relating to any of the foregoing.

Impounds has the meaning ascribed to such term in the Cash Management Agreement.