Tax and Insurance Escrow Account definition

Tax and Insurance Escrow Account shall have the meaning set forth in Section 7.2 hereof.

Tax and Insurance Escrow Account means any impound account established pursuant to the Senior Loans, or any of them, and may include without limitation, impounds for capital repairs and replacements.

Tax and Insurance Escrow Account has the meaning set forth in Section 3.4(a).

Examples of Tax and Insurance Escrow Account in a sentence

• Notwithstanding the above, Lender may, in its sole discretion, waive the requirement for the establishment of the Tax and Insurance Escrow Account.

• During an Event of Default, Lender may apply the Tax and Insurance Escrow Account funds to the Indebtedness as Lender determines.

• As additional security for the Indebtedness and Borrower’s obligations under the Loan Documents, Borrower shall establish and maintain the Tax and Insurance Escrow Account.

• So long as no Event of Default then exists and Lender has received all invoices for Real Estate Taxes and insurance premiums, Lender shall pay (or will permit Borrower to make withdrawals from the Tax and Insurance Escrow Account to pay) all invoices for Real Estate Taxes and insurance premiums.

• The Tax and Insurance Escrow Account is not, unless otherwise explicitly required by Applicable Law, an escrow or trust fund.

More Definitions of Tax and Insurance Escrow Account

Tax and Insurance Escrow Account means any impound account established pursuant to the Senior Loans, or any of them.

Tax and Insurance Escrow Account means the impound account Borrower establishes with Lender for the payment of Real Estate Taxes and Insurance Premiums.

Tax and Insurance Escrow Account shall have the meaning ascribed to such term in SECTION 5.11 hereof.

Tax and Insurance Escrow Account means the Account of that name created pursuant to Section 4.2(a) of this Funding Loan Agreement.

Tax and Insurance Escrow Account has the meaning specified in SECTION 3.1 of this SCHEDULE 5.11. EXHIBIT A MORTGAGE NOTE $175,000,000.00 June 11, 1997 FOR VALUE RECEIVED, the undersigned, ARDEN REALTY FINANCE PARTNERSHIP, L.P., a California limited partnership ("MAKER"), promises to pay to the order of XXXXXX BROTHERS REALTY CORPORATION, a Delaware corporation, its successors and assigns ("HOLDER"), at such place as Holder may from time to time designate in writing, the principal sum of ONE HUNDRED SEVENTY-FIVE MILLION AND NO/100 DOLLARS ($175,000,000.00) in lawful money of the United States of America, together with interest thereon, to be computed and paid as specified in SECTION 1 below. Except as otherwise defined or limited herein, capitalized terms used herein shall have the meanings ascribed to them in that certain Loan Agreement (the "LOAN AGREEMENT") dated as of the date hereof by and between Maker and Holder. This is the Mortgage Note referred to in the Loan Agreement.

Tax and Insurance Escrow Account has the meaning set forth in Section 7 hereof. (bbb) "Tax and Insurance Escrow Fund" has the meaning set forth in Section 6 hereof. (ccc) "Taxes" has the meaning set forth in Section 5 hereof. (ddd) "Uniform Commercial Code" means the Uniform Commercial Code, as adopted and enacted by the State or States where any of the Mortgaged Property is located. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Note.

Tax and Insurance Escrow Account has the meaning assigned in Section 3.4. (118) "Tax and Insurance Escrow Reserve has the meaning assigned in Section 3.4.