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 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 landlord has granted or may hereafter grant 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound impound account to any obligation then due under this Leaselease.

Impounds for Insurance Premiums and Real Property Taxes. If requested by any ground lessor Landlord 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound impound account. If unknown, Landlord shall reasonably estimate the amount of the 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 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 Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound impound account. If It 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 (Single-Tenant Net Form) upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound 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 tire 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, Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and and, insurance premiums payable by Tenant under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound impound account. If unknown, Landlord shall reasonably estimate the amount of real property taxes and insurance premiums when due. Tenant shall pay any deficiency 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 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 (Single-Tenant Net Form) 7 Landlord a sum equal to one-twelfth (1/12) of the annual real property taxes and insurance premiums payable by Tenant under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound 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 tenant shall pay Landlord a sum equal to one-twelfth (1/121/12th) of the annual real property taxes and insurance premiums payable by Tenant under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest noninterest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest non interest bearing Impound 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 Propertyproperty, 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Lease, Landlord may apply any funds in the Impound impound account to any obligation then due under this Lease.

Impounds for Insurance Premiums and Real Property Taxes. If requested by any ground lessor lesser 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 under this Lease, together with each payment of Base Rent. Landlord shall hold such payments in a non-Interest interest bearing Impound 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 impound account to Landlord upon written request. If Tenant defaults under this Leaselease, Landlord may apply any funds in the Impound impound account to any obligation then due under this Lease.