Tax and Insurance Escrow Fund definition

Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.
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Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof regardless of whether the funds held therein are held by Lender for the payment of Taxes or Insurance Premiums or both.
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Tax and Insurance Escrow Fund has the meaning assigned in Section 3.4.
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Examples of Tax and Insurance Escrow Fund in a sentence

  • In making any payment relating to the Tax and Insurance Escrow Fund, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.

  • In making any payment relating to the Tax and Insurance Escrow Fund, Lender or Servicer may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.

  • If the amount of the Tax and Insurance Escrow Fund shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Section 5.1.2 hereof, provided no Event of Default shall have occurred and be continuing, then Lender shall return (or direct Servicer to return) any excess to Borrower (or to Operating Company, if so directed by Borrower).

  • Lender shall apply (or direct Servicer to apply) the Tax and Insurance Escrow Fund to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.1.2 hereof and under the Mortgages.

  • Each payment out of the Tax and Insurance Escrow Fund shall be made only upon receipt by the Trustee of a completed requisition, in the form attached hereto as Exhibit F, signed by an Authorized Representative of the Borrower.


More Definitions of Tax and Insurance Escrow Fund

Tax and Insurance Escrow Fund has the meaning set forth in Section 6 hereof.
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Tax and Insurance Escrow Fund shall have the meaning set forth in the Mortgage Loan Agreement.
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Tax and Insurance Escrow Fund shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable fund as shall be established under this Agreement in accordance with Section 7.2 hereof.
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Tax and Insurance Escrow Fund shall have the meaning set forth in ----------------------------- Section 6.1 hereof.
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Tax and Insurance Escrow Fund means the fund of that name created pursuant to Section 4.1(a) hereof.
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Tax and Insurance Escrow Fund means the account of that name created pursuant to Section 4.2 of this Funding Loan Agreement.
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Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.3.1. "Taxes" shall mean all real estate and personal property taxes, assessments, water rates or sewer rents, now or hereafter levied or assessed or imposed against any of the Properties or part thereof. "Threshold Amount" shall have the meaning set forth in Section 5.1(s) "Title Insurance Policy" shall mean, with respect to each Individual Property, an ALTA mortgagee title insurance policy (or the closest equivalent issued in any respective State) in the form (acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property. "UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code as in effect in the applicable State in which an Individual Property is located. "Underwriter Group" shall have the meaning set forth in Section 9.2(b). "U.S. Obligations" shall mean direct non-callable obligations of the United States of America. "Voluntary Prepayment" shall have the meaning set forth in Section 2.3.1. "Working Day" shall mean any day on which dealings in foreign currencies and exchange are carried on in London, England and in New York, New York. Section 1.2
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