Definition of TCF Deductions


TCF Deductions means, for any period and with respect to any Eligible Asset, the following expenses (without duplication) relating to such period (which shall include an appropriate pro rated portion of such expenses, if applicable) that are paid or payable, directly or indirectly, by the Borrower: (i) any and all taxes (other than the Borrower's income taxes), (ii) all maintenance expenses, (iii) all insurance expenses, (iv) all utility expenses, (v) all monitoring expenses and (vi) all lease payments to the landlord/owner of the Easement underlying such Eligible Asset.