Common use of Deposits of Insurance Funds Clause in Contracts

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.3, Borrower shall and shall cause Operating Company to deposit with Agent on each Payment Date an amount equal to one-twelfth of the Insurance Premiums that Agent estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (the “Monthly Insurance Reserve Deposit”). Amounts deposited pursuant to this Section 6.2.1 are referred to herein as the “Insurance Funds.” If at any time Agent reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for payment of such Insurance Premiums; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that any Insurance Premiums are due, Borrower will or, shall cause Operating Company to, deposit such amount within two (2) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunder.

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.36.4.3, Borrower shall and shall deposit or cause Operating Company to deposit be deposited with Agent or on behalf of Lender on each Monthly Payment Date Date, an amount equal to one-twelfth of the Insurance Premiums that Agent Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies Policies, which amounts shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Monthly Insurance Reserve DepositAccount”). Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.2.1 6.4.1 are referred to herein as the “Insurance Funds.” ”. If at any time Agent time, Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent Lender shall notify Borrower in writing of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent Lender estimates is sufficient to make up the deficiency at least ten thirty (1030) days prior to expiration of the respective due dates for payment of such Insurance PremiumsPolicies; provided that if Borrower receives written notice of any deficiency after the date that is ten thirty (1030) days prior to expiration of the date that any Insurance Premiums are duePolicies, Borrower will ordeposit with or on behalf of Lender, shall cause Operating Company to, deposit such amount within two (2) Business Day Days after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunder.

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.3, Borrower shall and shall cause Operating Company to deposit with Agent Lender (i) an amount reasonably determined by Lender on the Closing Date, and (ii) on each Monthly Payment Date Date, an amount equal to one-twelfth of the Insurance Premiums that Agent Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof thereof, in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies Policies, which amounts shall be transferred into an Account established by or on behalf of Lender to hold such funds (the “Monthly "Insurance Reserve Deposit”Account"). Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.2.1 6.4.1 are referred to herein as the “"Insurance Funds.” ". If at any time Agent Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent Lender estimates is sufficient to make up the deficiency by the date that is at least ten thirty (1030) days prior to the respective due dates for payment expiration of such Insurance Premiumsthe Policies; provided provided, that if Borrower receives notice of any deficiency after the date that is ten thirty (1030) days prior to the date that any Insurance Premiums are dueexpiration of the Policies, Borrower will or, shall cause Operating Company to, deposit with or on behalf of Lender such amount within two one (21) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunder.

Deposits of Insurance Funds. Subject Pursuant to the provisions Cash Management Agreement, upon the occurrence of Section 6.2.3an Escrow Reserve Trigger Event and during the continuance of an Escrow Reserve Period, Borrower there shall and shall cause Operating Company to deposit be deposited with Agent on each Monthly Payment Date an amount equal to one-twelfth of the Insurance Premiums that Agent Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (the “Monthly Insurance Reserve Deposit”)Policies. Amounts deposited pursuant to this Section 6.2.1 6.3.1, together with interest earned thereon, are referred to herein as the “Insurance Funds.” ”. If at any time Agent Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent Lender estimates is sufficient to make up the deficiency at least ten thirty (1030) days prior to the respective due dates for payment of such Insurance Premiums; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that any Insurance Premiums are due, Borrower will or, shall cause Operating Company to, deposit such amount within two (2) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any expiration of the Policies required Policies. Once any Escrow Reserve Period has ended and no other Escrow Reserve Period then exists, all Insurance Funds on deposit shall be promptly returned to Borrower on or before the following Monthly Payment Date. The Insurance Funds shall be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits held in an interest-bearing account and invested in Permitted Investments in accordance with the terms of the Monthly Insurance Funds hereunderCash Management Agreement.

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.3During a Trigger Period, Borrower shall and shall cause Operating Company shall, subject to Section 6.13.1(ii) hereof, deposit with Agent Lender on each Monthly Payment Date Date, equal monthly installments of an amount equal that shall, when added with all other monthly installment amounts to one-twelfth of the be deposited for Insurance Premiums, be sufficient to pay all Insurance Premiums that Agent Lender reasonably estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof thereof, in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies Policies, which amounts shall be transferred into an Account established at Deposit Bank to hold such funds (the “Monthly Insurance Reserve DepositAccount”). Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.2.1 6.4.1 are referred to herein as the “Insurance Funds.” ”. If at any time Agent Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent Lender shall notify Borrower in writing of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent Lender reasonably estimates is sufficient to make up the deficiency at least ten thirty (1030) days prior to the respective due dates for payment of such Insurance Premiums; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that any Insurance Premiums are due, Borrower will or, shall cause Operating Company to, deposit such amount within two (2) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any expiration of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunderPolicies.

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.3, Borrower shall and shall deposit or cause Operating Company to deposit be deposited with Agent or on behalf of Lender on each Monthly Payment Date Date, an amount equal to one-twelfth of the Insurance Premiums that Agent Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies Policies, which amounts shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Monthly Insurance Reserve DepositAccount”). Amounts deposited from time to time into the Insurance Account pursuant to this Section 6.2.1 6.4.1 are referred to herein as the “Insurance Funds.” ”. If at any time Agent time, Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent Lender estimates is sufficient to make up the deficiency at least ten thirty (1030) days prior to expiration of the respective due dates for payment of such Insurance PremiumsPolicies; provided that if Borrower receives notice of any deficiency after the date that is ten thirty (1030) days prior to expiration of the date that any Insurance Premiums are duePolicies, Borrower will ordeposit with or on behalf of Lender, shall cause Operating Company to, deposit such amount within two one (21) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunder.

Deposits of Insurance Funds. Subject to the provisions of Section 6.2.3, Borrower shall and shall cause Operating Company to deposit with Agent on each Payment Date an amount equal to one-twelfth of the Insurance Premiums that Agent estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (the “Monthly Insurance Reserve Deposit”). Amounts deposited pursuant to this Section 6.2.1 are referred to herein as the “Insurance Funds.” ”. If at any time Agent reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for payment of such Insurance Premiums; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that any Insurance Premiums are due, Borrower will or, shall cause Operating Company to, deposit such amount within two (2) Business Day after its receipt of such notice. Notwithstanding anything contained herein to the contrary, to the extent that any of the Policies required to be maintained by Borrower are effected under a blanket policy, Borrower shall not be required to make deposits of the Monthly Insurance Funds hereunder.