Monthly Insurance Premium Deposit definition

Monthly Insurance Premium Deposit shall have the meaning set forth in Section 7.2 hereof.

Monthly Insurance Premium Deposit shall have the meaning given to such term in SECTION 9.2.1.

Monthly Insurance Premium Deposit means one-twelfth of the Insurance Premiums that Administrative Agent determines based on the Approved Annual Budget from time to time will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Administrative Agent sufficient funds to pay all such Insurance Premiums as and when due, together with such additional amount as may be specified by Administrative Agent in any given month to meet the Insurance Premiums due and payable that month.

Examples of Monthly Insurance Premium Deposit in a sentence

• In the event an Individual Property is released from the Lien of its related Security Instrument in accordance with Section 2.5 hereof, (a) any Tax and Insurance Escrow Funds allocated for such Individual Property shall be returned to Borrower and (b) the Monthly Tax Deposit and the Monthly Insurance Premium Deposit, as applicable, shall be reduced by the monthly deposit allocated for such Individual Property.

• A-10A.6 Contingency Files used in Steady-State Analysis ..............................................

• Notwithstanding the foregoing, Lender agrees to waive the requirement for the Monthly Insurance Premium Deposit so long as the Reserve Waiver Conditions are satisfied.

• Notwithstanding the foregoing, Lender agrees to waive the requirement for the Monthly Insurance Premium Deposit so long as Borrower deposits with Lender at Closing, and maintains on deposit with Lender thereafter, funds sufficient to pay the Insurance Premiums for the next twelve (12) months.

More Definitions of Monthly Insurance Premium Deposit

Monthly Insurance Premium Deposit has the meaning set forth in the Cash Management Agreement.

Monthly Insurance Premium Deposit shall have the meaning set forth in Section 7.2 hereof. “Monthly Rollover Reserve Deposit” shall have the meaning set forth in Section 7.4.1 hereof. “Monthly Tax Deposit” shall have the meaning set forth in Section 7.2 hereof. “Moody’s” shall mean Xxxxx’x Investors Service, Inc. “Morningstar” shall mean Morningstar Credit Ratings, LLC. “Net Cash Flow” for any period shall mean the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period. “Net Cash Flow After Debt Service” for any period shall mean the amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period. “Net Cash Flow Schedule” shall have the meaning set forth in Section 5.1.10(b) hereof. “Net Operating Income” shall mean the amount obtained by subtracting Operating Expenses from Gross Income from Operations. “Net Proceeds” shall have the meaning set forth in Section 6.4(b) hereof.

Monthly Insurance Premium Deposit means the monthly deposit to the Escrow Fund as calculated by Lender pursuant to Section 3.5(b) of the Security Instrument to ensure the timely payment of Insurance Premiums.

Monthly Insurance Premium Deposit has the meaning assigned to such term in Section 3.1(8). “Monthly Tax Deposit” has the meaning assigned to such term in Section 9.2(2). “Moody’s” means Xxxxx’x Investors Service, Inc. “Mortgage” means, collectively, the mortgages which have been consolidated, modified and extended pursuant to the Consolidation Agreement, covering the Project, and any amendments, modifications, renewals, substitutions, consolidations, severances and 25

Monthly Insurance Premium Deposit has the meaning assigned to such term in Section 3.1(8).

Monthly Insurance Premium Deposit shall have the meaning set forth in Section 6.3.1.

Monthly Insurance Premium Deposit. (subject to Section 7.8(b)) to be used solely for the payment of insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (said amounts in (a), (b) and (c) hereof hereinafter called the “Tax and Insurance Escrow Fund”).