Escrow of Impositions. Unless waived by written notice from --------------------- Landlord to Tenant, Tenant shall thereafter deposit with Landlord on the first day of each month during the Term hereof and any Extension Term, as the case may be, a sum equal to one-twelfth (1/12th) of the Impositions assessed against such Leased Property which sums shall be used by Landlord toward payment of such Impositions. If, at the end of any applicable tax year, any such funds held by Landlord are insufficient to make full payment of taxes or other Impositions for which such funds are held, Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge in full the obligations of Tenant pursuant to the provisions of this Section. If, however, at the end of any applicable tax year, such funds held by Landlord are in excess of the total payment required to satisfy taxes or other Impositions for which such funds are held, Landlord shall apply such excess amounts to a tax and Imposition escrow fund for the next tax year. With respect to each Leased Property, if any such excess exists following the expiration or earlier termination of this Lease, and subject to Section 8.08 below, Landlord shall promptly refund such excess amounts to Tenant. The receipt by Landlord of the payment of such Impositions by and from Tenant shall only be as an accommodation to Tenant and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes.
Escrow of Impositions. If an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord's election, deposit with Landlord on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year, which sums shall be used by Landlord toward payment of such Impositions. Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to the provisions of this section. The receipt by Landlord of the payment of such Impositions by and from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes.
Escrow of Impositions. If an Event of Default occurs and while it remains uncured, Tenant shall deposit with Landlord on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year for real estate taxes, which sums shall be used by Landlord toward payment of such Impositions. In addition, if an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord’s election, deposit with Landlord on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year other than for real estate taxes, which sums shall be used by Landlord toward payment of such Impositions. Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to the provisions of this section. The receipt by Landlord of the payment of such Impositions by and from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes.
Escrow of Impositions. 8 3.04 Utilities............................................... 8 3.05
Escrow of Impositions. 14 3.4 Utilities.............................................................................. 14 3.5
Escrow of Impositions. If requested by Landlord after the occurrence of ---------------------- an Event of Default or if required by the terms of any Facility Debt, Tenant shall deposit with Landlord on the first day of each month a sum equal to 1I12th of the Impositions assessed against the Leased Property for the preceding tax year for real estate taxes (or any amount required by any mortgagee or any beneficiary of a deed of trust securing any Facility Debt), which sums shall be used by Landlord toward payment of such Impositions. In addition, if an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord's election, deposit with Landlord on the first day of each month a sum equal to 1I12th of the Impositions assessed against the Leased Property for the preceding tax year other than real estate taxes (or any amount required by any mortgagee or any beneficiary of a deed of trust securing any Facility Debt), which sums shall be used by Landlord toward payment of such Impositions. Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to the provisions of this section. The receipt by Landlord of the payment of such Impositions by and from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes.
Escrow of Impositions. Tenant shall deposit with Landlord’s designated escrow agent (as of the Effective Date, Fidelity National Title Insurance Company) on the first day of each month a sum equal to 1/12th of the real estate taxes assessed against the Leased Property to the extent payable for the preceding tax year, which sums shall be used toward the timely payment of such real estate taxes. In addition, if an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord’s election, deposit with Landlord’s designated escrow agent on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year other than for real estate taxes, which sums shall be used toward the timely payment of such Impositions. Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to the provisions of this section. The receipt by Landlord’s escrow agent of the payment of such real estate taxes and, if applicable, other Impositions, by and from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes.
Escrow of Impositions. Consistent with and pursuant to the terms of the Real Estate Tax Escrow Agreement, Tenant shall deposit with Landlord on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year for real estate taxes, which sums shall be used by Landlord toward payment of such Impositions. In addition, if an Event of Default occurs and while it remains uncured, Tenant shall, at Landlord’s election, deposit with Landlord on the first day of each month a sum equal to 1/12th of the Impositions assessed against the Leased Property for the preceding tax year other than for real estate taxes, which sums shall be used by Landlord toward payment of such Impositions. Tenant, on demand, shall pay to Landlord any additional funds necessary to pay and discharge the obligations of Tenant pursuant to the provisions of this section. The receipt by Landlord of the payment of such Impositions by and from Tenant shall only be as an accommodation to Tenant, the mortgagees, and the taxing authorities, and shall not be construed as rent or income to Landlord, Landlord serving, if at all, only as a conduit for delivery purposes. The foregoing provision shall become applicable only at such time as the escrow of Impositions is not required by Lender, it being understood and agreed that for so long as Lender requires that the real estate tax portion of the Imposition be escrowed with Lender, Tenant shall be deemed to have fulfilled its obligations under this §3.3 with respect to the real estate tax portion of the Imposition provided Tenant receives notice either from Lender or from Landlord as required pursuant to §15.12.3 and then Tenant makes the required escrow payment of the real estate tax portion of the Imposition to Lender as and when due.
Escrow of Impositions. Sublessor may, at Sublessor's sole option, provide Subtenant with a statement of estimated Impositions for the then upcoming Lease Year (based upon Sublessor's reasonable estimate of anticipated Impositions for such Lease Year), and, following Sublessor's request therefor, Subtenant shall, beginning the first day of the next calendar month following such request and continuing thereafter throughout the Term (unless and until otherwise thereafter excused by Sublessor), pay in equal monthly installments one-twelfth (1/12) of the aforesaid estimated Impositions for each Lease Year; provided, that if Sublessor determines at any time or from time to time that the Impositions are to be greater than the aforesaid estimated amount, then Sublessor may from time to time or at any time during any such Lease Year deliver to Subtenant Sublessor's revised estimate of the amount of Impositions, and Subtenant shall pay to Sublessor, within twenty (20) days following Subtenant's receipt of notification of the revised amount, the difference between the previous estimate and the revised estimate for the expired portion of the then current Lease Year, and the monthly installments of estimated Impositions payable shall be increased for the months following Subtenant's receipt of the revised estimate to one-twelfth (1/12) of the revised estimate of Impositions; provided further, that not more than one hundred eighty (180) days following the last day of each Lease Year during the Term, Sublessor will, as applicable, provide Subtenant with a written comparison of the amount of the estimated Impositions paid for the Lease Year just ended to Impositions actually incurred for such Lease Year, and if the amount of the estimated Impositions paid by Subtenant for such prior Lease Year: (A) exceeds the amount Subtenant should have paid based on the actual amount of the Impositions, Sublessor will give Subtenant a credit against current payments of Impositions (or, if such credit exceeds the amount of Impositions payable during the remainder of the Term, refund the excess), or (B) is less than the amount Subtenant should have paid based on the actual amount of the Impositions, Subtenant shall pay Sublessor the difference within twenty (20) days following Subtenant's receipt of such written comparison.
Escrow of Impositions. Consistent with and pursuant to the terms of the Real Estate Tax Escrow Agreement, Tenant shall deposit with Landlord on the first day of each
