Basic Carrying Costs definition

Basic Carrying Costs means, for any period, with respect to each Individual Property, the sum of the following costs associated with such Individual Property for such period: (a) Taxes and (b) Insurance Premiums.

Basic Carrying Costs means, with respect to the Property, the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means the following costs with respect to the Mortgaged Property: (i) Impositions and (ii) insurance premiums for policies of insurance required to be maintained by Borrower pursuant to this Agreement or the other Loan Documents.

Examples of Basic Carrying Costs in a sentence

• Unless otherwise required by applicable law, all income and gains from the investment of funds in the Basic Carrying Costs Escrow Account shall be for the account of Lender in consideration of its administration of such Collateral Account, and Lender shall have the right at any time to withdraw such amounts from the Basic Carrying Costs Escrow Account.

• Lender will maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of reserving amounts payable by Borrower in respect of Taxes and insurance premiums (the " Basic Carrying Costs Escrow Account").

• Borrower s obligation to pay Basic Carrying Costs pursuant to this Agreement shall include, to the extent permitted by applicable law, Impositions resulting from future changes in law which impose upon Lender an obligation to pay any property taxes on the Mortgaged Property or other Impositions.

• Borrower shall use the Initial Advance to (a) pay and discharge any existing secured mortgage loans relating to the Property, (b) pay all past-due Basic Carrying Costs, if any, in respect of the Property, (c) pay costs and expenses incurred in connection with the closing of the Loan, (d) fund any working capital requirements of the Property, and (e) retain the balance, if any, or make a distribution to its members.

• Lender will apply amounts in the Basic Carrying Costs Escrow Account toward the purposes for which such amounts are deposited therein.

More Definitions of Basic Carrying Costs

Basic Carrying Costs means the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means, for any period, the sum of the following costs: (a) Taxes, (b) Other Charges and (c) Insurance Premiums.

Basic Carrying Costs means, with respect to each Individual Property, the sum of the following costs associated with such Individual Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means the sum of the following costs for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means the sum of the following costs associated with the Property: (a) Impositions and (b) insurance premiums.

Basic Carrying Costs means the following costs with respect to the Facility: (i) real property taxes and assessments applicable to the Facility; and (ii) insurance premiums for policies of insurance required or permitted to be maintained by Borrower pursuant to this Agreement or the other Loan Documents.

Basic Carrying Costs means the sum of the following costs associated with the Property: Taxes, Other Charges and Insurance Premiums.