Tax Funds definition

Tax Funds shall have the meaning set forth in Section 6.2.1.

Tax Funds shall have the meaning given to such term in SECTION 9.1.1.

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

Examples of Tax Funds in a sentence

• If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds.

• Any Tax Funds remaining after the Debt has been paid in full shall be returned to Borrower.

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

• If the amount of the Tax Funds shall exceed the amounts due for Property Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds.

• Provided no Event of Default is continuing, Lender shall apply Tax Funds in the Tax Account to reimburse Borrower for payments of Property Taxes made by Borrower after delivery by Borrower to Lender of evidence of such payment reasonably acceptable to Lender.

More Definitions of Tax Funds

Tax Funds shall have the meaning set forth in the Cash Management Agreement.

Tax Funds shall have the meaning set forth in Section 3.1.1.

Tax Funds. The Account in which the Tax Funds are held shall hereinafter be referred to as the “Tax Reserve Account.” If at any time, Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes for the upcoming tax period, Lender shall notify Borrower of such determination and the monthly deposits for Property Taxes shall be increased by the amount that Lender reasonably estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective delinquency dates for the Property Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that such Property Taxes are delinquent, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice.

Tax Funds. 6.3.1 “Transfer” - 4.2

Tax Funds shall have the meaning set forth in Section 6.2.1 hereof. "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 the Property or part thereof, together with all interest and penalties thereon. "Tenant" shall mean any Person obligated by contract or otherwise to pay monies (including a percentage of gross income, revenue or profits) under any Lease now or hereafter affecting all or any part of the Property. "Termination Space" shall have the meaning set forth in Section 6.6.1 hereof. DMEAST #17478116 v7 16

Tax Funds. 6.2.1 “Tenant Direction Letter” – 6.1.1(a) “Transfer” – 4.2.3

Tax Funds shall have the meaning set forth in SECTION 6.3.1.