Common use of Impounds for Insurance Premiums and Real Property Taxes Clause in Contracts

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest bearing impound account, if unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month 12) month period, Tenant shall pay Initials /s/ Illegible ------------- /s/ Illegible ------------- Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and taxes, insurance premiums and common area charges payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- In addition to and without limiting Tenant's obligations with respect to payment of Landlord's estimate pursuant to Section 4.05(e) above, if requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month 12) month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- In addition to and without limiting Tenant's obligations with respect to payment of Landlord's estimate pursuant to Section 4.05(e) above, if requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month 12) month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and Landlord's insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Initials _____________________ _____________________ Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- requested by any lender or ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten five (105) business days late after such amount shall be due, in the payment of rent more than once twice in any consecutive twelve (12)-month 12) month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base RentRent then due. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Tenant defaults after notice and opportunity to cure under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If ------------------------------------------------------- In addition to and without limiting Tenant's obligations with respect to payment of Landlord's estimate pursuant to Section 4.05(e) above, if requested by any ground lessor or lender to whom Landlord has granted a security interest in the Property, or if Tenant is more than ten (10) days late in the payment of rent more than once in any consecutive twelve (12)-month 12) month period, Tenant shall pay Landlord a sum equal to one-twelfth (1/12l/12) of the annual real property taxes and insurance premiums payable by Tenant to Landlord under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing impound account, if . If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency of funds in the Impound impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the impound account to any obligation then due under this Lease.