Common use of Impositions Subject to Deposit Clause in Contracts

Impositions Subject to Deposit. The FCRHA, by written notice, may at any time after the occurrence and during the continuance of an Event of Default hereunder: (a) require Tenant to deposit each month into an account to be held with the Depository (the “Impositions Account”) an amount sufficient to pay 1/12th of the annual Taxes and, subject to Section 5.01(b), any Impositions required to be paid by Tenant hereunder at least thirty (30) days prior to the Due Date for such Impositions; and (b) require that Tenant provide to the FCRHA evidence of payment of any Impositions that the FCRHA allows Tenant to pay directly during such Event of Default, that are payable on a monthly or more frequent basis within ten (10) days after the Due Date for such Impositions. The FCRHA may, at any time after the occurrence and during the continuance of an Event of Default, require that any Impositions that the FCRHA has allowed Tenant to pay directly be subject to the monthly deposit requirements of Section 5.01(a) and the other provisions of this Article 5.