Tax Account definition

Tax Account shall have the meaning set forth in Section 8.6 hereof.
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Tax Account shall have the meaning set forth in Section 3.1 hereof.
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Tax Account means an account on the Mortgagee’s books of account relating to this Mortgage, to which payments made by the Mortgagor or the Mortgagee pursuant to paragraph 4.6 hereof may, at the option of the Mortgagee, be credited or debited;
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Examples of Tax Account in a sentence

  • If at any time during which Borrower is required to make payments of Tax and Insurance Reserve Funds pursuant to this Section 8.6, the amount on deposit in the Tax Account and/or the Insurance Account shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Sections 4.5 and 7.1 hereof, Lender shall, in its discretion, disburse any excess to the Restricted Account or credit such excess against future payments to be made to the Tax and Insurance Funds.

  • Any Tax and Insurance Funds remaining on deposit in the Tax Account and/or Insurance Account after the Debt has been paid in full shall be paid to Borrower.

  • Upon the cure of a Trigger Period and provided that no other Trigger Period shall not then exist, amounts in the Tax Account and the Insurance Account shall be released to Borrower on the next Monthly Payment Date.

  • Provided there are sufficient amounts in the Tax Account and Insurance Account, respectively, and no Event of Default exists, Lender shall be obligated to pay the Taxes and Insurance Premiums as they become due on their respective due dates on behalf of Borrower by applying the Tax and Insurance Funds to the payment of such Taxes and Insurance Premiums.

  • Additionally, if, at any time, Lender reasonably determines that amounts on deposit in or scheduled to be deposited in (i) the Tax Account will be insufficient to pay all applicable Taxes (other than Tenant Paid Taxes) in full on the Tax Payment Date and/or (ii) the Insurance Account will be insufficient to pay all applicable Insurance Premiums in full on the Insurance Payment Date, Borrower shall make a True Up Payment with respect to such insufficiency into the applicable Reserve Account.


More Definitions of Tax Account

Tax Account shall have the meaning given to such term in SECTION 9.9.
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Tax Account shall have the meaning set forth in the Mortgage Loan Agreement.
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Tax Account means an account on the Chargee’s books of account relating to the Mortgage, to which payments made by the Chargor or the Chargee pursuant to paragraph 4.6 hereof may, at the option of the Chargee, be credited or debited;
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Tax Account has the meaning specified in Section 3.01(c)(i).
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Tax Account means an account or accounts: (i) bearing the name of Operator (or any Lender or other third party nominated by a Lender following enforcement of Lien); (ii) established by Operator in a bank selected by Operator; and (iii) maintained by Operator (or any Lender or other third party nominated by a Lender following enforcement of Lien) to hold the funds for and to pay all Macau Gaming Taxes pursuant to Section 8.3.
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Tax Account as defined in Section 2.1(c).
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Tax Account means an account on Equitable's books of account relating to the Mortgage and to which Equitable may add payments made by you under Section 8.05.
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