Common use of Deposits of Tax Funds Clause in Contracts

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In addition, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $6,847,926.77 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $3,994,575 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In additionof Five Hundred Two Thousand Seven Hundred Sixty-Eight and 35/100 Dollars ($502,768.35) and, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one two (12) Business Day Days after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $6,367,618.62 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $1,675,417 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 next 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such amount as Lender may reasonably require to establish (i) on the escrow for Taxes required under this Section 3.1.1. In additionClosing Date, an initial deposit and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6.3.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $773,683 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In addition, of One Hundred Thirty Two Thousand Four Hundred Eighty Eight and 44/100 Dollars ($132,488.44) and shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In additionof NINETY SIX THOUSAND SEVEN HUNDRED EIGHTEEN AND NO/100 Dollars {$96,718) and, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds” and the account in which such amounts are held shall hereinafter be referred to as Borrower’s “Tax Account”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one two (12) Business Day Days after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $3,589,495 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require of Twenty Nine Thousand Eight Hundred Forty Five and 90/100 Dollars ($29,845.90) and there shall be deposited to establish the escrow for Taxes required under this Section 3.1.1. In addition, appropriate Accounts on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. .” If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due delinquent dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one two (12) Business Day Days after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $1,373,962 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In addition, of One Hundred Thirty Two Thousand Four Hundred Eighty Eight and 44/100 Dollars ($132,488.44) and shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one twelfth one-twelfth, of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such amount as or Servicer on behalf of Lender may reasonably require (or cause to establish be deposited with Lender or Servicer pursuant to the escrow for Taxes required under this Section 3.1.1. In additionCash Management Agreement), on each Monthly Payment Date Borrower shall deposit with Lender during the continuance of a Cash Management Sweep Period, an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice. The Tax Funds shall be held in the Tax Reserve Account (as defined in the Cash Management Agreement), which shall be an Interest Bearing Account.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such into the Tax Account (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $3,750,000 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months (initially, $598,327.90), in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such Agent the amount as Lender may reasonably require of $3,461,600 (which amount shall constitute a portion of the Tax Funds) and, pursuant to establish the escrow for Taxes required under this Section 3.1.1. In additionCash Management Agreement, there shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender reasonably estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender reasonably estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives written notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one three (13) Business Day Days after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower Borrowers shall deposit or cause to be deposited with or on behalf of Lender such amount as Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In addition, on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates, which EAST\87098743.3 amounts shall be transferred by or at the direction of Lender into an Account established to hold such funds (the “Tax Account”). Amounts deposited into the Tax Account pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time time, Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower Borrowers of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives Borrowers receive notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower Borrowers will deposit such amount within one two (12) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such Administrative Agent (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $2,014,370 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months months, in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender Administrative Agent reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender Administrative Agent shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender Administrative Agent estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Administrative Agent such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $1,958,455 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months (initially, $489,613.69), in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to On the provisions of Section 3.1.3Closing Date, Borrower shall deposit with Lender such the amount as of One Hundred Thirty Two Thousand Four Hundred Eighty Eight and 44/100 Dollars ($132,488.44) and shall deposited with Lender may reasonably require to establish the escrow for Taxes required under this Section 3.1.1. In addition, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate sufficient funds to pay all such Taxes at least thirty ten (3010) days prior to their respective due dates. Amounts deposited pursuant to this Section 3.1.1 6.2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Taxes, Lender shall notify Borrower of such determination and the monthly deposits for Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Taxes; provided that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Taxes are due, Borrower will deposit such amount within one (1) Business Day after its receipt of such notice.

Deposits of Tax Funds. Subject to the provisions of Section 3.1.3, Borrower shall deposit with Lender such (i) on the Closing Date, an amount as Lender may reasonably require equal to establish the escrow for Taxes required under this Section 3.1.1. In addition, $2,646,808.77 and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Property Taxes that Lender estimates will be payable during the next ensuing twelve (12) months (initially, $1,323,404.38), in order to accumulate sufficient funds to pay all such Property Taxes at least thirty (30) days prior to their respective due dates, which amounts shall be transferred into an Account (the “Tax Account”). Amounts deposited from time to time into the Tax Account pursuant to this Section 3.1.1 6. 2.1 are referred to herein as the “Tax Funds”. If at any time Lender reasonably determines that the Tax Funds will not be sufficient to pay the Property Taxes, Lender shall notify Borrower of such determination and and, commencing with the first Monthly Payment Date following Borrower’s receipt of such written notice, the monthly deposits for Property Taxes shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least ten (10) days prior to the respective due dates for the Property Taxes; provided provided, that if Borrower receives notice of any deficiency after the date that is ten (10) days prior to the date that Property Taxes are due, Borrower will deposit with or on behalf of Lender such amount within one (1) Business Day after its receipt of such notice.