Common use of Impositions Subject to Deposit Clause in Contracts

Impositions Subject to Deposit. Landlord, by written notice, may at any time during the pendency 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 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 Landlord evidence of payment of any Impositions that Landlord 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. Landlord may, at any time during the pendency of an Event of Default, require that any Impositions that Landlord 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.

Impositions Subject to Deposit. Landlord, by written notice, may at any time during the pendency 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 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; andand‌ (b) require that Tenant provide to Landlord evidence of payment of any Impositions that Landlord 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. Landlord may, at any time during the pendency of an Event of Default, require that any Impositions that Landlord 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 5.5.‌