Deposits for Impositions Sample Clauses

Deposits for Impositions. 5.01 (a) In order to assure the payment of all Impositions, Tenant shall deposit with Escrow Agent on the first day of each and every month during the Term, an amount equal to one-twelfth (1/12th) of the annual Impositions then in effect, as reasonably estimated by Landlord. If, at any time, the monies so deposited by Tenant shall be insufficient to pay in full the next installment of Impositions then due, Tenant shall immediately deposit the amount of the insufficiency with Escrow Agent to enable Landlord to pay each installment of Impositions at least thirty (30) days prior to the due date thereof. Notwithstanding the foregoing, if any Fee Mortgagee requires the deposit by Tenant of amounts to be used to pay Impositions, then Landlord may elect, by delivering written notice thereof to Tenant, that Tenant make such deposits with such Fee Mortgagee, which direction shall be effective during the period in which Tenant is required to make said deposits with such Fee Mortgagee.
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Deposits for Impositions. Mortgagor will pay or cause to be ------------------------ paid, to Mortgagee or at the option of Mortgagee, to an escrow agent designated by Mortgagee, on dates upon which interest on the Notes is payable, such amounts as Mortgagee from time to time estimates are necessary to create and maintain a reserve fund to be held by Mortgagee or such escrow agent without interest, except such interest as may be required by applicable law, from which, subject to this section 2.08, to pay before the same become due, all Impositions (including, without limitation, all taxes, assessments, liens and charges on or against the Mortgaged Premises and any part thereof) and hazard insurance premiums, provided that Mortgagor shall not be required to deposit amounts into -------- the reserve fund on account of hazard insurance premiums to the extent that Mortgagor delivers to Mortgagee prepaid hazard insurance policies for the ensu- ing year at least 60 days prior to the expiration of the existing hazard insurance policies. Payments from such reserve fund for such purposes may be made at Mortgagee's discretion even though subsequent owners of the Mortgaged Premises or any part thereof may benefit thereby. In the event of any default under the terms of this Mortgage, any part or all of such reserve fund may be applied to any part of the indebtedness secured hereby and in refunding any part of such reserve fund, Mortgagee may deal with whomever is represented to be the owner of the Mortgaged Premises or such part thereof at that time. If one month prior to the due date of any of the aforementioned obligations the amounts then on deposit therefor shall be insufficient for the payment of such obligation in full, Mortgagor within ten (10) days after written notice from Mortgagee shall deposit the amount of the deficiency with or as directed by Mortgagee.
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Deposits for Impositions. In order to insure the payment of certain Impositions, Tenant agrees to deposit with Landlord, on the first day of each and every month during the Lease Term an amount equal to one-twelfth (1/12) of Impositions for general real estate taxes and special assessments due and payable during the next succeeding 12 month period as estimated by Landlord based on the most recent bills or ascertainable amounts thereof. Tenant shall deposit, at least 30 days prior to the due date of such Imposition, such additional amounts as may be necessary to provide Landlord with sufficient funds in such deposit account to pay each such charge in advance of the due date thereof. Landlord shall hold the money so deposited for the purpose of paying the charges for which such amounts have been deposited. Landlord shall apply such deposits for the purpose held not later than the last day on which any such charges may be paid without penalty or interest. It is understood and agreed that deposits provided for hereunder shall be held by Landlord in a segregated insured account as designated by Tenant, which shall be kept separate and apart from other funds of Landlord. All interest earned on such deposits shall be held for the benefit of Tenant and shall be applied to any amounts due from Tenant pursuant to this paragraph 6. In the event this Lease or Tenant's right to possession of the Demised Premises shall be terminated after an Event of Default, all deposits then held by Landlord shall be applied on account of any and all sums due to Landlord under this Lease and Tenant shall forthwith pay the resulting deficiency.
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Deposits for Impositions. 15 2.09 Space Leases........................................... 16 2.09.1 Subordination of Space Leases; Attornment...... 16 2.09.2 Terms of Space Leases.......................... 16 2.09.3 Assignment of Leases........................... 17 2.09.4
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Deposits for Impositions. Section 5.01.
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Deposits for Impositions 
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Related to Deposits for Impositions

  • Impositions Subject to Article VIII relating to permitted contests, Tenant shall pay, or cause to be paid, all Impositions before any fine, penalty, interest or cost (other than any opportunity cost as a result of a failure to take advantage of any discount for early payment) may be added for non-payment, such payments to be made directly to the taxing authorities where feasible, and shall promptly, upon request, furnish to Landlord copies of official receipts or other reasonably satisfactory proof evidencing such payments. If any such Imposition may, at the option of the taxpayer, lawfully be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Tenant may exercise the option to pay the same (and any accrued interest on the unpaid balance of such Imposition) in installments and, in such event, shall pay such installments during the Term as the same become due and before any fine, penalty, premium, further interest or cost may be added thereto. Landlord, at its expense, shall, to the extent required or permitted by Applicable Law, prepare and file all tax returns and pay all taxes due in respect of Landlord's net income, gross receipts, sales and use, single business, ad valorem, franchise taxes and taxes on its capital stock, and Tenant, at its expense, shall, to the extent required or permitted by Applicable Laws, prepare and file all other tax returns and reports in respect of any Imposition as may be required by Government Agencies. If any refund shall be due from any taxing authority in respect of any Imposition paid by Tenant, the same shall be paid over to or retained by Tenant. Landlord and Tenant shall, upon request of the other, provide such data as is maintained by the party to whom the request is made with respect to the Leased Property as may be necessary to prepare any required returns and reports. In the event Government Agencies classify any property covered by this Agreement as personal property, Tenant shall file all personal property tax returns in such jurisdictions where it may legally so file. Each party shall, to the extent it possesses the same, provide the other, upon request, with cost and depreciation records necessary for filing returns for any property so classified as personal property. Where Landlord is legally required to file personal property tax returns for property covered by this Agreement and/or gross receipts tax returns for Rent received by Landlord from Tenant, Landlord shall file the same with reasonable cooperation from Tenant. Landlord shall provide Tenant with copies of assessment notices in sufficient time for Tenant to prepare a protest which Landlord shall file, at Tenant's written request. All Impositions assessed against such personal property shall be (irrespective of whether Landlord or Tenant shall file the relevant return) paid by Tenant not later than the last date on which the same may be made without interest or penalty. Landlord shall give prompt Notice to Tenant of all Impositions payable by Tenant hereunder of which Landlord at any time has knowledge; provided, however, that Landlord's failure to give any such Notice shall in no way diminish Tenant's obligation hereunder to pay such Impositions (except that Landlord shall be responsible for any interest or penalties incurred as a result of Landlord's failure promptly to forward the same).

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