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) as required by Section 7.3, and (iii) currently due Other Charges, which amounts shall be funded with proceeds of the Loan.
Appears in 2 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
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) as required by Section 7.3, and (iii) currently due Other Charges, which amounts shall be funded with proceeds of the Loan.
Appears in 2 contracts
Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)
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) as required by Section 7.3), and (iii) currently due Other Charges, which amounts shall be funded with proceeds of the Loan.
Appears in 1 contract
Samples: Loan Agreement (Uniprop Manufactured Housing Communities Income Fund)
