Basic Carrying Costs Clause Samples
The Basic Carrying Costs clause defines the expenses that a tenant is responsible for paying in addition to base rent, typically including property taxes, insurance, and maintenance fees associated with the leased premises. In practice, this clause outlines which specific costs are considered part of the tenant's obligations and may detail how these amounts are calculated or apportioned, such as requiring the tenant to pay a proportionate share if the property is multi-tenant. Its core function is to clearly allocate ongoing property-related expenses between landlord and tenant, preventing disputes and ensuring both parties understand their financial responsibilities during the lease term.
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Basic Carrying Costs. Borrower shall have paid all Basic Carrying Costs relating to the Property which are in arrears, including without limitation, (a) accrued but unpaid insurance premiums relating to the Property, (b) currently due and payable Taxes (including any in arrears) relating to the Property, and (c) currently due Other Charges relating to the Property, which amounts shall be funded with proceeds of the Loan.
Basic Carrying Costs. Borrower shall have caused Mortgage Borrower to have paid all Basic Carrying Costs relating to the Properties which are in arrears, including, without limitation, (a) accrued but unpaid Insurance Premiums, (b) currently due Taxes (including any in arrears) and (c) currently due Other Charges, which amounts shall be funded with proceeds of the Loan.
Basic Carrying Costs. Borrower shall have paid all Basic Carrying Costs relating to each of the Properties which are in arrears.
Basic Carrying Costs. Borrower shall have paid or deposited into an applicable reserve fund all (i) accrued but unpaid Insurance Premiums, (ii) currently due Taxes (including any in arrears) and (iii) currently due Other Charges, which amounts shall be funded with proceeds of the Loan.
Basic Carrying Costs. Borrowers shall have paid or cause to be paid all Basic Carrying Costs relating to the Properties which are in arrears, including without limitation, (a) accrued but unpaid Insurance Premiums, (b) any delinquent Taxes and (c) currently due Other Charges.
Basic Carrying Costs. Borrower shall have paid all Basic Carrying Costs relating to the Property which is due and payable through the Closing Date, including, without limitation, all Impositions relating to Borrower or the Property, which amounts may be funded with proceeds of the Loan.
Basic Carrying Costs. Borrower shall have caused Mortgage Borrower and Baltimore Owner to have paid all Basic Carrying Costs relating to the Properties which are in arrears (other than those being contested in accordance with the provisions of the Loan Documents), including without limitation, (a) accrued but unpaid Insurance Premiums, (b) currently due Taxes (including any in arrears) and (c) currently due Other Charges, which amounts shall be funded with proceeds of the Mortgage Loan.
Basic Carrying Costs. Borrower shall have paid all Basic Carrying -------------------- Costs relating to each of the Properties and each Additional Property to be encumbered by a Mortgage in connection with such Subsequent Advance which are in arrears, including without limitation, (i) insurance premiums then due with respect to each of the Properties and each Additional Property to be added as an Individual Property in connection with such Subsequent Advance, (ii) currently due Taxes (including any in arrears) relating to each of the Properties and each Additional Property to be encumbered by a Mortgage in connection with such Subsequent Advance and (iii) currently due Other Charges relating to each of the Properties and each Additional Property to be encumbered by a Mortgage in connection with such Subsequent Advance, which amounts shall be funded with proceeds of the Subsequent Advance.
Basic Carrying Costs. Borrowers shall have paid or deposited into an applicable reserve (i) the amount described in clause (b) of Section 7.3.1, (ii) currently due Other Charges, and (iii) ground lease rents which amounts shall be funded with proceeds of the Loan.
Basic Carrying Costs. Grantor shall have paid all Basic Carrying Costs relating to the Property which are in arrears, including without limitation, (a) accrued but unpaid insurance premiums relating to the Property, (b) currently due and payable Taxes (including any in arrears) relating to the Property, and (c) currently due Other Charges relating to the Property, which amounts shall be funded with proceeds of the Loan.