Common use of DEMISED PREMISES MORTGAGEE - TAX ESCROW Clause in Contracts

DEMISED PREMISES MORTGAGEE - TAX ESCROW. If any Demised Premises Mortgagee while the holder of any Leasehold Mortgage with respect to the Demised Premises shall require Lessee to deposit with such Demised Premises Mortgagee the amounts necessary to pay the general real estate taxes and/or special assessments against the Demised Premises pursuant to Paragraph 3.06 hereof, Lessee may make such deposits directly with said Mortgagee, provided, however, that such Demised Premises Mortgagee or Lessee shall notify Lessor of said requirement in advance of Lessee’s making the first such deposit and Lessee or Lessee’s Mortgagee documents to Lessor’s satisfaction the fact of the establishment and annual maintenance of the required escrow deposits hereunder. In any event, where Lessee is required to deposit with the Demised Premises Mortgagee the amounts necessary to pay the general real estate taxes and/or special assessments, the same to be paid as and when the same become due and payable, and Lessee shall cause to be delivered to Lessor the receipted bills or photostatic copies thereof showing such payment within thirty (30) days after such receipted bills shall have been received by Lessee.

DEMISED PREMISES MORTGAGEE - TAX ESCROW. If any Demised Premises Mortgagee while the holder of any Leasehold Mortgage with respect to the Demised Premises shall require Lessee to deposit de- posit with such Demised Premises Mortgagee the amounts necessary neces- sary to pay the general real estate taxes and/or special assessments assess- ments against the Demised Premises pursuant to Paragraph 3.06 hereof, Lessee may make such deposits directly with said MortgageeXxxxxx- xxx, provided, however, that such Demised Premises Mortgagee or Lessee shall notify Lessor of said requirement in advance of LesseeXxxxxx’s making the first such deposit and Lessee or LesseeXxxxxx’s Mortgagee documents to Lessor’s satisfaction the fact of the establishment es- tablishment and annual maintenance of the required escrow deposits de- posits hereunder. In any event, where Lessee is required to deposit de- posit with the Demised Premises Mortgagee the amounts necessary to pay the general real estate taxes and/or special assessmentsas- sessments, the same to be paid as and when the same become due and payable, and Lessee shall cause to be delivered to Lessor the receipted bills or photostatic copies thereof showing such payment pay- ment within thirty (30) days after such receipted bills shall have been received by Lessee.

DEMISED PREMISES MORTGAGEE - TAX ESCROW. If any Demised Premises Mortgagee while the holder of any Leasehold Mortgage with respect to the Demised Premises shall require Lessee to deposit de- posit with such Demised Premises Mortgagee the amounts necessary neces- sary to pay the general real estate taxes and/or special assessments assess- ments against the Demised Premises pursuant to Paragraph 3.06 hereof, Lessee may make such deposits directly with said MortgageeXxxxxx- xxx, provided, however, that such Demised Premises Mortgagee or Lessee shall notify Lessor of said requirement in advance of Lessee’s making the first such deposit and Lessee or Lessee’s Mortgagee documents to Lessor’s satisfaction the fact of the establishment es- tablishment and annual maintenance of the required escrow deposits de- posits hereunder. In any event, where Lessee is required to deposit de- posit with the Demised Premises Mortgagee the amounts necessary to pay the general real estate taxes and/or special assessmentsas- sessments, the same to be paid as and when the same become due and payable, and Lessee shall cause to be delivered to Lessor the receipted bills or photostatic copies thereof showing such payment pay- ment within thirty (30) days after such receipted bills shall have been received by Lessee.