Escrowed Sums Sample Clauses

Escrowed Sums. A schedule of the amount of the Escrowed Sums currently held by Lender pursuant to the Existing Loan Documents; and
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Escrowed Sums. In order to more fully protect the security of this Mortgage and to insure the payment of Impositions and insurance premiums, from and after the occurrence of an Event of Default hereunder and until such Event of Default is cured, the Mortgagor shall pay to the Mortgagee and as "Escrowed Sums", in monthly installments in advance, an amount equal to the pro rata sum of (a) Impositions (estimated wherever necessary) to become due for the tax year during which such payment is so directed and (b) the insurance premiums for the same year for those insurance policies as are required hereunder. If the Mortgagee determines that any amounts theretofore paid by the Mortgagor are insufficient for the payment in full of such Impositions and insurance premiums, the Mortgagee shall notify the Mortgagor of the increased amounts required to provide a sufficient fund, whereupon the Mortgagor shall pay to the Mortgagee, within thirty (30) days thereafter the additional amount as stated in such notice by the Mortgagee. The Escrowed Sums shall be held by the Mortgagee and upon written request of the Mortgagor invested in Cash Equivalents and shall not be commingled with the Mortgagee's other funds and shall be paid directly by the Mortgagee to the applicable Governmental Authority or the insurance companies entitled thereto. Upon assignment of its rights under this Mortgage, the Mortgagee shall have the right to pay over the balance of the Escrowed Sums then in its possession to the assignee and upon assumption of such liability by the assignee, the Mortgagee on its own behalf and on behalf of the Holders shall become completely released from all liability with respect thereto. Upon full payment of the Liabilities or at such earlier time as the Mortgagee may elect, the balance of the Escrowed Sums in the Mortgagee's possession shall be paid over to the Mortgagor and no other party shall have any right or claim thereto. If no Event of Default shall be continuing hereunder, the Escrowed Sums shall, at the option of the Mortgagee, be repaid to the Mortgagor in sufficient time to allow the Mortgagor to satisfy the Mortgagor's obligations under this Mortgage to pay Impositions and the required insurance premiums; or be paid directly by the Mortgagee to the applicable Governmental Authority and the insurance company entitled thereto. If an Event of Default shall be continuing hereunder, however, the Mortgagee shall have the additional option of crediting the full amount of the Escr...
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Escrowed Sums. From the amounts otherwise payable by Buyer to Seller pursuant to SECTION 2.2.3, Buyer shall deposit in escrow, in accordance with the terms of an escrow agreement (the "Escrow Agreement") with NationsBank, N.A. or such other mutually agreeable third party escrow agent, substantially in the form of EXHIBIT "D" hereto, with such changes to the form as the escrow agent may reasonably request, the sum of Five Million Dollars ($5,000,000.00) (the "Escrowed Sums"), for the periods set forth in the Escrow Agreement to be held subject to possible indemnification claims under ARTICLE 5 in accordance with this SECTION 2.4 and the Escrow Agreement. Any claims by Buyer against the Escrowed Sums must be made pursuant to the provisions of ARTICLE 5. All accrued interest and other earnings on the Escrowed Sums shall be for the benefit of the Seller and shall be paid to the Seller by the escrow agent monthly (or at another interval determined by the Seller) at the Seller's request.
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Escrowed Sums. The amounts paid by the Grantor to the Beneficiary pursuant to Paragraph 4.8 hereof to be held by the Beneficiary in a fund for the payment of Impositions and insurance premiums.
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Escrowed Sums. All tax, insurance, and other deposits or funds (collectively, the "Escrowed Sums") held in escrow, impounds or otherwise, by the lender, holder, or servicer of the indebtedness under the loan with Teachers Insurance and Annuity Association of America (the "Lender") in the original principal amount of Twenty-Six Million and No/100 Dollars ($26,000,000.00) also known as TIAA Authorization #AAA7107; Investment ID #000680500 (the "Existing Loan") evidenced by the Existing Loan Documents (defined below).
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Escrowed Sums. All tax, insurance, and other deposits or funds (collectively, the "Escrowed Sums") held in escrow, impounds or otherwise, by the lender, holder, or servicer of the indebtedness under the loan with TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation (the "Lender"), in the original principal amount of Forty-Two Million and No/100 Dollars ($42,000,000.00) also known as TIAA Authorization #AAA-7141; Investment ID #0006827 (the "Existing Loan") evidenced by the Existing Loan Documents (defined below).
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Related to Escrowed Sums

  • Escrowed Funds Upon receipt of the Escrowed Funds, the Escrow Agent shall hold the Escrowed Funds in escrow pursuant to the terms of this Agreement. Until such time as the Escrowed Funds shall be distributed by the Escrow Agent as provided herein, the Escrowed Funds shall be deposited by the Escrow Agent in an interest bearing account or as may otherwise be directed by the Corporation in writing. The Escrow Agent shall be entitled to sell or redeem any investment of the Escrowed Funds as necessary to make any distributions required under this Agreement and shall not be liable or responsible for any loss resulting from any such sale or redemption. Interest, if any, resulting from any investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Escrow Funds To provide for the timely payment of any post-closing claims by Buyer against Seller hereunder, at Closing, Seller shall deposit an amount equal to One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) (the “Escrow Funds”) which shall be withheld from the Purchase Price payable to Seller and shall be deposited for a period of one (1) year in an escrow account with the Title Company pursuant to an escrow agreement reasonably satisfactory in form and substance to Buyer and Seller (the “Post-Closing Agreement”), which escrow and Post-Closing Agreement shall be established and entered into at Closing and shall be a condition to Buyer’s obligations under this Contract. All earnings accrue to Seller and Seller may direct investment thereof. If no claims have been asserted by Buyer against Seller, or all such claims have been satisfied, within such 1-year period, the Escrow Funds deposited by Seller shall be released to Seller.

  • Escrow Property The Purchase Price and the Certificates delivered to the Escrow Agent as contemplated by Sections 1(c) and (d) hereof are referred to as the "Escrow Property."

  • Escrow Fund In addition to the initial deposits with respect to Taxes and Insurance Premiums made by Borrower to Lender on the date hereof to be held by Lender in escrow, Borrower shall pay to Lender on the first day of each calendar month (a) one-twelfth of an amount which would be sufficient to pay the Taxes payable, or estimated by Lender to be payable, during the next ensuing twelve (12) months and (b) one-twelfth of an amount which would be sufficient to pay the Insurance Premiums due for the renewal of the coverage afforded by the Policies upon the expiration thereof (the amounts in (a) and (b) above shall be called the "Escrow Fund"). Borrower agrees to notify Lender immediately of any changes to the amounts, schedules and instructions for payment of any Taxes and Insurance Premiums of which it has or obtains knowledge and authorizes Lender or its agent to obtain the bills for Taxes directly from the appropriate taxing authority. The Escrow Fund and the payments of interest or principal or both, payable pursuant to the Note shall be added together and shall be paid as an aggregate sum by Borrower to Lender. Provided there are sufficient amounts in the Escrow Fund and no Event of Default exists, Lender shall be obligated to pay the Taxes and Insurance Premiums as they become due on their respective due dates on behalf of Borrower by applying the Escrow Fund to the payments of such Taxes and Insurance Premiums required to be made by Borrower pursuant to Sections 3.3 and 3.4 hereof. If the amount of the Escrow Fund shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Sections 3.3 and 3.4 hereof, Lender shall, in its discretion, return any excess to Borrower or credit such excess against future payments to be made to the Escrow Fund. In allocating such excess, Lender may deal with the person shown on the records of Lender to be the owner of the Property. If the Escrow Fund is not sufficient to pay the items set forth in (a) and (b) above, Borrower shall promptly pay to Lender, upon demand, an amount which Lender shall reasonably estimate as sufficient to make up the deficiency. The Escrow Fund shall not constitute a trust fund and may be commingled with other monies held by Lender. Unless otherwise required by Applicable Laws (defined in Section 3.11), no earnings or interest on the Escrow Fund shall be payable to Borrower. Notwithstanding the foregoing, so long as (i) no Event of Default has occurred and is continuing, (ii) PETsMART or an Acceptable Replacement Tenant is not in default under the terms of the PETsMART Lease or an Acceptable Replacement Lease beyond any applicable notice and cure periods set forth therein, and (iii) PETsMART or an Acceptable Replacement Tenant is paying the Taxes pursuant to the terms of Section 3.4 hereof and Insurance Premiums in accordance with the terms of the last sentence of Section 3.3(b) hereof, directly pursuant to the terms hereof, and such Taxes are current, then Borrower shall not be required to make monthly payments into the Escrow Fund.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Additional Escrow Amounts On the date of any Purchase Withdrawal, the Pass Through Trustee may re-deposit with the Depositary some or all of the amounts so withdrawn in accordance with Section 2.4 of the Deposit Agreement.

  • Disbursements of Escrow Funds (a) Escrow Agent shall disburse Escrow Funds at any time and from time to time, upon receipt of, and in accordance with, a Joint Written Direction received by Escrow Agent as set forth in Section 15. Such Joint Written Direction will contain Complete Payment Instructions.

  • Disbursements from Escrow Funds to Pay Escrow Agent The Escrow Agent is authorized to and may disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only to the extent of Issuer’s rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which Escrow Agent or any Indemnified Party is entitled to seek indemnification pursuant to Section 9 hereof). Escrow Agent shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements.

  • Suspense Funds Schedule 4.1(o) is a true and correct list as of -------------- August 31, 1999 of all amounts held by the E&P Partnership and/or the Subsidiaries in suspense accounts, or otherwise, related to the Properties for the benefit or account of any other Person.

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