Insurance Funds definition

Insurance Funds has the meaning set forth in Section 6.2.1.

Insurance Funds shall have the meaning set forth in Section 6.3.1.

Insurance Funds. The Insurance Funds shall be held in the Insurance Escrow Subaccount (as defined in the Cash Management Agreement), which shall be an Interest Bearing Account. If at any time Agent reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent reasonably estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies. Notwithstanding the foregoing, provided no Event of Default is continuing, Agent agrees that upon delivery to Agent by Borrower of evidence satisfactory to Agent that the Policies of insurance required to be maintained by Borrower pursuant to Section 5.1.1 are maintained pursuant to blanket insurance Policies covering the Property and other properties and which blanket insurance Policies otherwise comply with the requirements of Section 5.1.1 and the Insurance Premiums payable in connection therewith have been prepaid for not less than one year in advance (or, for the period of coverage under the Policies as to which certificates are delivered at closing, such period, if less than one year), then Borrower’s obligation to make monthly deposits of the Insurance Funds pursuant to this Section 6.3.1 shall be suspended. Upon request of Agent, Borrower shall provide evidence satisfactory to Agent that the Insurance Premiums payable in connection with such blanket insurance Policies are paid as soon as appropriate evidence is reasonably available. 95

Examples of Insurance Funds in a sentence

• NCUA Insurance Funds in your Account(s) with us are insured by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States.

• Any Insurance Funds remaining in the Insurance Account after the Obligations have been paid in full shall be returned to Borrower.

• If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

• The Concessionaire shall at its own expense effect and maintain, or require to be effected and maintained throughout the term of the Concession insurance coverage in such amounts as are reasonable and customary throughout the industry internationally; provided however, that the Concessionaire shall at all times comply with Administrative Order No. 141 regarding insurance of Government properties by the General Insurance Funds of the Government Service Insurance System.

• The Concessionaire shall at its own expense effect and maintain, or require to be effected and maintained throughout the term of the Concession insurance coverage in such amounts as are reasonable and customary throughout the industry internationally; provided however, that the Concessionaire shall at all times comply with Administrative Order #141 regarding insurance of Government properties by the General Insurance Funds of the Government Service Insurance System.

More Definitions of Insurance Funds

Insurance Funds. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Insurance Funds shall have the meaning set forth in the Mortgage Loan Agreement.

Insurance Funds. 6.4.1 “Insurance Premiums” - 5.1.1(b) “Insurance Proceeds” - 5.4(b) “Intellectual Property” - 3.1.33 “Interest Period” - 2.3.2 “Lease Sweep Account” - 6.13.1 “Lease Sweep Funds” - 6.13.1

Insurance Funds shall have the meaning set forth in Section 3.2.1.

Insurance Funds. Mortgage Loan Agreement

Insurance Funds shall have the meaning set forth in Section 6.3.1 hereof. "Insurance Premiums" shall have the meaning set forth in Section 5.l.l(b) hereof. "Interest Bearing Reserve Accounts" shall mean the Ongoing Rollover Funds. "Interest Rate" shall mean a rate per annum equal to four and ninety seven hundredths (4.97%). "Kroll" shall mean Xxxxx Bond Rating Agency, Inc. "Lease" shall mean any lease, sublease or subsublease, letting, license, concession or other agreement (whether written or oral and whether now or hereafter in effect) pursuant to which any Person is granted a possessory interest in, or right to use or occupy all or any portion of any space in the Property, and every modification, amendment or other agreement relating to such lease, sublease, subsublease, or other agreement entered into in connection with such lease, sublease, subsublease, or other agreement and every guarantee of the performance and observance of the covenants, conditions and agreements to be performed· and observed by the other party thereto. "Lease Termination Fee" shall have the meaning set forth in Section 6.6.1 hereof. "Lease Termination Rollover Funds" shall have the meaning set forth in Section 6.6.1 hereof. "Legal Requirements" shall mean all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting Borrower or the Property or any part thereof or the construction, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and in force, including, without limitation, the Americans with Disabilities Act of 1990, and all permits, licenses and authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Borrower, at any time in force affecting the Property or any part thereof, including, without limitation, any which may (i) require repairs, modifications or alterations in or to the Property or any part thereof, or (ii) in any way limit the use and enjoyment thereof. "Lender" shall mean Xxxxxx Xxxxxxx Mortgage Capital Holdings LLC, a New York limited liability company, together with its successors and assigns. "Lender Indemnitees" shall have the meaning set forth in Section 11.13.2 hereof. "Liabilities" shall have the meaning set forth in Section 9.2(b) hereof. DMEAST #17478116 v7 7

Insurance Funds. 6.3.1 “Insurance Premiums” – 5.1.1(b) “Insurance Proceeds” – Net Proceeds Definition “Interest” – 10.35(a) “Interest Period” – 2.3.2 “Issuer” – 9.2(b) “Lender” – Introductory Paragraph “Lender Group” – 9.2(b) “Liabilities” – 9.2(b) “Limitation” – 10.35(b) “Limitation Date” – 10.35(b)