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 lender to whom Landlord has granted a security interest in the Premises, or if Tenant is more than ten (10) days late in 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 required by any a ground lessor or lender to whom Landlord has granted a security interest in the PremisesProperty, or if Tenant is more than ten (10) days late in the payment of Rent rent more than once in any three (3) times during a consecutive twelve (12) month period,, Tenant shall pay landlord Landlord a sum equal to one-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 has granted a security interest in the PremisesProperty, or if Tenant is more than ten (10) days days' late in the payment of Rent rent more than once in any consecutive twelve (12) month period,, Tenant shall pay landlord 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 lesser or lender to whom Landlord has granted a security interest in the PremisesProperty, or if Tenant is more than ten (10) days late in the payment of Rent rent more than once in any consecutive twelve (12) month period,, Tenant shall pay landlord 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.