Payment of Taxes and Insurance Sample Clauses
Payment of Taxes and Insurance. Debtor will pay promptly all taxes and assessments upon or with respect to the Collateral. Debtor hereby authorizes Secured Party to discharge taxes, assessments, liens, security interests, or other encumbrances at any time levied or placed on the Collateral, to pay for any insurance on the Collateral required to be maintained by Debtor hereunder, and to pay for, make, or provide for any maintenance, repair, or preservation of the Collateral as the Secured Party shall deem reasonably necessary to preserve its interests; provided, however, that Secured Party shall be under no obligation to do so. Debtor agrees to reimburse Secured Party on demand with interest at the rate set forth in the Note for any payment made or any expense incurred by Secured Party pursuant to the foregoing authorization. Payments made or expenses incurred by Secured Party pursuant to the foregoing authorization shall be included in the Liabilities secured hereunder.
Payment of Taxes and Insurance. The Servicer shall timely determine the amounts of all required disbursements from the Escrow Accounts and shall make disbursements as they become due. The Servicer shall also determine whether any delinquency exists in the payment of Escrow Payments and shall use commercially reasonable efforts to cause such deficient amounts to be paid by the Mortgagor. If there are not sufficient funds in the appropriate Escrow Account to make such payments as they become due, Servicer shall advance Escrow Payments unless (i) Servicer determines in its reasonable judgment that an advance pursuant to this or any other section of this Agreement will not be ultimately recoverable from late payments, insurance proceeds, Liquidation Proceeds or any other recovery on such Mortgage Loan or REO Property (a "Non-Recoverable Advance"), or (ii) the Mortgage Loan is not a first lien mortgage and is subordinate to a superior lien. If Servicer determines that the advance of an Escrow Payment would constitute a Non-Recoverable Advance or if the Mortgage Loan is not secured by a first lien Mortgage, Servicer will not be obligated to make such advance. Any advances made towards Escrow Payments shall be deemed to be Servicing Advances, regardless of whether such advance is determined to be a Non-Recoverable Advance. The Servicer shall be entitled to reimbursement of all such Servicing Advances made pursuant to this Section 2.03(e) from all amounts subsequently deposited in the Collection Account.
Payment of Taxes and Insurance. First Mortgagees may, jointly or singly, pay taxes or other charges which are in default and which may or have become a charge against any Common Area or other common property and may pay overdue premiums on hazard insurance policies or secure new hazard insurance coverage on the lapse of a policy for the Common Area or other common progeny, and First Mortgagees making such payments shall be owed immediate reimbursement therefore from the Association.
Payment of Taxes and Insurance. Borrowers shall deliver to Lender on a monthly or quarterly basis (as determined by Lender in accordance with the requirements of the applicable taxing authorities) evidence that Borrowers have paid or caused to be paid all insurance premiums and all Taxes, charges, claims for labor, supplies, rent or other obligations which, if unpaid, might give rise to a Lien against the property of Borrowers (except Liens permitted by this Agreement), that were due and payable by Borrowers during such previous month or quarter, as the case may be (each a “Tax and Insurance Report”).
Payment of Taxes and Insurance. All taxes, insurance, assessments and governmental charges or levies imposed on the Borrower or on any of Borrower’s assets, income or profits will be paid prior to the date on which penalties attach thereto. On Lender’s request after a Default has occurred and is continuing hereunder, Borrower will be required to make monthly deposits for real estate taxes, insurance, assessments and similar charges equal to one-twelfth (1/12) of the annual charges estimated by Lender or accumulate authorized funds with Lender to pay such impositions thirty (30) days prior to their due dates, such deposits to be held by Lender in an interest bearing account, with any balance remaining therein being returned to Borrower after the payment in full of all indebtedness owing by Borrower to Lender.
Payment of Taxes and Insurance. Pay when due all taxes, assessments, and other Liabilities against Borrower or its properties except those which are being contested in good faith and for which an adequate reserves have been established to the satisfaction of the Lender. Borrower shall make all withholding payments when due.
Payment of Taxes and Insurance a. Effective immediately, Addendum 10.1(a) of the Original Lease shall be of no further force and effect, and the following shall be substituted in its place:
Payment of Taxes and Insurance. Effective as of December 31, 2010, Section 4.4.3 of the Lease shall be deleted and of no further force or effect. Commencing as of January 1, 2011, and continuing through the Lease Term, Tenant shall pay monthly estimated amounts of taxes and insurance premiums as a part of the monthly estimate payments of Direct Expenses.
Payment of Taxes and Insurance. On direct serviced Mortgage Loans, the Interim Servicer shall maintain accurate records reflecting the status of, taxes and hazard insurance coverage and shall obtain, from time to time, all bills for the of such charges. To the extent that a Mortgage does not provide for Escrow s, the Interim Servicer shall use commercially reasonable efforts in accordance with Accepted Servicing Practices to determine that any such payments are made by the Mortgagor at the time they first become due. The Interim Servicer shall make reasonable efforts in accordance with Accepted Servicing Practices to cause any Servicer to maintain records concerning real estate taxes and insurance premiums.
Payment of Taxes and Insurance. (i) Landlord shall compute an estimate of Tenant's proportionate share of taxes and insurance for the appropriate calendar year and without further notice Tenant shall pay to Landlord monthly installments of those costs equal to one-twelfth of such estimate simultaneously with Tenant's payments of Base Rent. If at any time during the Term Landlord has reason to believe that the tax and insurance costs for the calendar year will exceed its prior estimate, Landlord may send an invoice directing Tenant to prepay on a monthly basis Tenant's proportionate share of one-twelfth (or on a quarterly basis to prepay one-fourth) of the amount of such estimated excess.
(ii) Within four (4) months following the end of each calendar year, Landlord shall deliver to Tenant a written statement (the "Statement") setting out in reasonable detail the amount of Tenant's proportionate share of Operating Costs (including taxes and insurance) for such calendar year. If the aggregate of installments of those costs actually paid by Tenant to Landlord during such calendar year is less than the amount of payments for such calendar year as detailed in the Statement, Tenant shall remit said difference to Landlord within ten (10) days after the date of delivery of the Statement. If the amount paid by Tenant is greater than the amount detailed in the Statement, Landlord shall pay the difference to Tenant within ten (10) days after delivery of the Statement to Tenant.