Excess Monies. Mortgagee may apply on account of the Liabilities any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Mortgagor.
Excess Monies. Beneficiary may apply on account of the Liabilities any unexpended monies still retained by Beneficiary that were paid by Grantor to Beneficiary: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Grantor.
Excess Monies. Lender may apply on account of the Obligations any unexpended monies still retained by Lender that were paid by Xxxxxxxxx to Lender: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Xxxxxxxxx.
Excess Monies. Mortgagee may apply on account of the Liabilities any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (i) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (ii) to secure the performance of some act by Mortgagor.
Excess Monies. Lender may apply on account of the Liabilities any unexpended monies still retained by Lender that were paid by Borrower to Lender for the payment of, or as security for the payment of, taxes, assessments or other governmental charges, insurance premiums, or any other legitimate charges pertaining to the Property or the performance of the obligations of Borrower under the Loan Documents.
Excess Monies. Apply on account of the unpaid Liabilities and the interest thereon or on account of any arrearages of interest thereon, or on account of any balance due to the Mortgagee after a foreclosure sale of the Mortgaged Property, or any part thereof, any unexpended moneys still retained by the Mortgagee that were paid by the Mortgagor to the Mortgagee for the payment of, or as security for the payment of, taxes, assessments, municipal or governmental rates, charges, Impositions, Liens, water or sewer rents, or insurance premiums, if any, or in order to secure the performance of some other act by or obligation of the Mortgagor.
Excess Monies. The Mortgagee may apply on account of the unpaid indebtedness evidenced by the Note (including any unpaid accrued interest) owed to the Mortgagee after a foreclosure sale of the Mortgaged Premises, whether or not a deficiency action shall have been instituted, any unexpended monies still retained by the Mortgagee that were paid by Mortgagor to the Mortgagee (i) for the payment of, or as security for the payment of taxes, assessments, municipal or governmental rates, charges, impositions, liens, water or sewer rents, or insurance premiums, if any, or (ii) in order to secure the performance of some act by the Mortgagor.
Excess Monies. The Mortgagee may apply on account of the unpaid indebtedness evidenced by the Notes (including any unpaid accrued interest) owed to the Mortgagee after a foreclosure sale of the Mortgaged Premises, whether or not a deficiency action shall have been instituted, any unexpended monies still retained by the Mortgagee that were paid by Mortgagor to the Mortgagee (i) for the payment of, or as security for the payment of taxes, assessments, municipal or governmental rates, charges, impositions, liens, water or sewer rents, or insurance premiums, if any, or (ii) in order to secure the performance of some act by the Mortgagor.
Excess Monies. Administrative Agent may apply on account of the Obligations any unexpended monies still retained by Administrative Agent or any Lender that were paid by Grantor to Administrative Agent or such Lender: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Grantor.
Excess Monies. A financial reconciliation shall be made at the end of each fiscal year. In the event of a year end balance, the Trustees shall have the power to:
1. apply any year end balance to reserves for actuarially determined claim liabilities;
2. retain the excess monies as a year end balance, provided it is within reasonable limits, thereby lowering the amount of Employer's contributions during the next fiscal year; and
3. apply the year end balance in preparing the Plan's budget for the following year.
