Deposit of Impositions. After the occurrence and during the continuance of an Event of Default, Tenant, upon the demand of Landlord at any time, will deposit with Depository on the first day of each month during the Term, an amount equal to one-twelfth of the annual Impositions for Taxes and those other Impositions required to be escrowed pursuant to Section 5.01(a). Except as set forth in Section 5.05 below, Xxxxxxxx agrees that the amounts so deposited with the Depository will be used to pay the Impositions for which such amounts were deposited. The Impositions Account may be held by Depository as a single bank account.
Deposit of Impositions. After the occurrence and during the continuance of an Event of Default, Tenant, upon the demand of the FCRHA at any time, shall deposit with Depository on the first day of each month during the Term, an amount equal to one-twelfth (1/12th) of the annual Impositions for Taxes and those other Impositions required to be escrowed pursuant to Section 5.01(a). Except as set forth in Section 5.05 below, the FCRHA agrees that the amounts so deposited with the Depository shall be used to pay the Impositions for which such amounts were deposited. The Impositions Account may be held by Depository as a single bank account.
Deposit of Impositions. After the occurrence and during the continuance of an Event of Default, unless otherwise required by the Mortgagee as approved by Landlord, Tenant, upon the demand of Landlord at any time, will deposit with Depository on the first day of each month during the Term, an amount equal to one-twelfth of the annual Impositions for Taxes and those other Impositions required to be escrowed pursuant to Section 5.01(a). Except as set forth in Section 5.05 below, Landlord agrees that the amounts so deposited with the Depository will be used to pay the Impositions for which such amounts were deposited. The Impositions Account may be held by Depository as a single bank account.
