Payment of Taxes and Insurance. Debtor will pay promptly all taxes and assessments upon or with respect to the Collateral. Debtor hereby authorizes Secured Party to discharge taxes, assessments, liens, security interests, or other encumbrances at any time levied or placed on the Collateral, to pay for any insurance on the Collateral required to be maintained by Debtor hereunder, and to pay for, make, or provide for any maintenance, repair, or preservation of the Collateral as the Secured Party shall deem reasonably necessary to preserve its interests; provided, however, that Secured Party shall be under no obligation to do so. Debtor agrees to reimburse Secured Party on demand with interest at the rate set forth in the Note for any payment made or any expense incurred by Secured Party pursuant to the foregoing authorization. Payments made or expenses incurred by Secured Party pursuant to the foregoing authorization shall be included in the Liabilities secured hereunder.
Payment of Taxes and Insurance. The Servicer shall timely determine the amounts of all required disbursements from the Escrow Accounts and shall make disbursements as they become due. The Servicer shall also determine whether any delinquency exists in the payment of Escrow Payments and shall use commercially reasonable efforts to cause such deficient amounts to be paid by the Mortgagor. If there are not sufficient funds in the appropriate Escrow Account to make such payments as they become due, Servicer shall advance Escrow Payments unless (i) Servicer determines in its reasonable judgment that an advance pursuant to this or any other section of this Agreement will not be ultimately recoverable from late payments, insurance proceeds, Liquidation Proceeds or any other recovery on such Mortgage Loan or REO Property (a "Non-Recoverable Advance"), or (ii) the Mortgage Loan is not a first lien mortgage and is subordinate to a superior lien. If Servicer determines that the advance of an Escrow Payment would constitute a Non-Recoverable Advance or if the Mortgage Loan is not secured by a first lien Mortgage, Servicer will not be obligated to make such advance. Any advances made towards Escrow Payments shall be deemed to be Servicing Advances, regardless of whether such advance is determined to be a Non-Recoverable Advance. The Servicer shall be entitled to reimbursement of all such Servicing Advances made pursuant to this Section 2.03(e) from all amounts subsequently deposited in the Collection Account.
Payment of Taxes and Insurance. Borrowers shall deliver to Lender on a monthly or quarterly basis (as determined by Lender in accordance with the requirements of the applicable taxing authorities) evidence that Borrowers have paid or caused to be paid all insurance premiums and all Taxes, charges, claims for labor, supplies, rent or other obligations which, if unpaid, might give rise to a Lien against the property of Borrowers (except Liens permitted by this Agreement), that were due and payable by Borrowers during such previous month or quarter, as the case may be (each a “Tax and Insurance Report”).
Payment of Taxes and Insurance. First Mortgagees may, jointly or singly, pay taxes or other charges which are in default and which may or have become a charge against any Common Area or other common property and may pay overdue premiums on hazard insurance policies or secure new hazard insurance coverage on the lapse of a policy for the Common Area or other common progeny, and First Mortgagees making such payments shall be owed immediate reimbursement therefore from the Association.
Payment of Taxes and Insurance. Mortgagor shall pay or cause to be paid, except to the extent provision is actually made therefor pursuant to Section 1.6 of this Mortgage, all taxes, assessments and insurance premiums which are or may become a lien on the Mortgaged Property or which are assessed against or imposed upon the Mortgaged Property. As of the date hereof, Mortgagor has paid to its insurer(s) an amount equal to one (1) monthly premium payment for all insurance required pursuant to Section 1.4 hereof. Mortgagor shall furnish Mortgagee with bills, invoices and/or statements for all taxes, assessments and insurance premiums and receipts (or if receipts are not immediately available, with copies of canceled checks evidencing payment with receipts to follow promptly after they become available) showing payment of such taxes, assessments and insurance premiums at least ten (10) days prior to the applicable delinquency date (or due date with respect to insurance premiums) therefor. Notwithstanding the foregoing, Mortgagor may, in good faith, by appropriate proceedings and upon notice to Mortgagee, contest the validity, applicability or amount of any asserted tax or assessment so long as (a) such contest is diligently pursued, (b) Mortgagee determines, in its subjective opinion, that such contest suspends the obligation to pay the tax and that nonpayment of such tax or assessment will not result in the sale, loss, forfeiture or diminution of the Mortgaged Property or any part thereof or any interest of Mortgagee therein, and (c) prior to the earlier of the commencement of such contest or the delinquency date of the asserted tax or assessment, Mortgagor deposits in the Impound Account (as hereinafter defined) an amount determined by Mortgagee to be adequate to cover the payment of such tax or assessment and a reasonable additional sum to cover possible interest, costs and penalties; provided, however, that Mortgagor shall promptly cause to be paid any amount adjudged by a court of competent jurisdiction to be due, with all interest, costs and penalties thereon, promptly after such judgment becomes final; and provided, further, that, in any event each such contest shall be concluded and the taxes, assessments, interest, costs and penalties shall be paid prior to the date any writ or order is issued under which the Mortgaged Property may be sold, lost or forfeited.
Payment of Taxes and Insurance. On direct serviced Mortgage Loans, the Interim Servicer shall maintain accurate records reflecting the status of, taxes and hazard insurance coverage and shall obtain, from time to time, all bills for the of such charges. To the extent that a Mortgage does not provide for Escrow s, the Interim Servicer shall use commercially reasonable efforts in accordance with Accepted Servicing Practices to determine that any such payments are made by the Mortgagor at the time they first become due. The Interim Servicer shall make reasonable efforts in accordance with Accepted Servicing Practices to cause any Servicer to maintain records concerning real estate taxes and insurance premiums.
Payment of Taxes and Insurance. (i) Landlord shall compute an estimate of Tenant's proportionate share of taxes and insurance for the appropriate calendar year and without further notice Tenant shall pay to Landlord monthly installments of those costs equal to one-twelfth of such estimate simultaneously with Tenant's payments of Base Rent. If at any time during the Term Landlord has reason to believe that the tax and insurance costs for the calendar year will exceed its prior estimate, Landlord may send an invoice directing Tenant to prepay on a monthly basis Tenant's proportionate share of one-twelfth (or on a quarterly basis to prepay one-fourth) of the amount of such estimated excess.
(ii) Within four (4) months following the end of each calendar year, Landlord shall deliver to Tenant a written statement (the "Statement") setting out in reasonable detail the amount of Tenant's proportionate share of Operating Costs (including taxes and insurance) for such calendar year. If the aggregate of installments of those costs actually paid by Tenant to Landlord during such calendar year is less than the amount of payments for such calendar year as detailed in the Statement, Tenant shall remit said difference to Landlord within ten (10) days after the date of delivery of the Statement. If the amount paid by Tenant is greater than the amount detailed in the Statement, Landlord shall pay the difference to Tenant within ten (10) days after delivery of the Statement to Tenant.
Payment of Taxes and Insurance. Aside from various types of claims for which XXXXXX is self-insured, LESSOR, at its sole cost and expense, agrees to maintain property and liability insurance on the building complex and improvements on the Demised Premises at all times during the Term of this Lease. LESSOR will pay all real property taxes or any other assessments on the Demised Premises when due, including improvements thereon during the Lease Term hereof or any renewal period. The TENANT shall maintain in force at its sole cost and expense, all risk property insurance coverage, including sprinkler leakage (if the building is equipped with sprinklers), in an amount equal to the replacement cost of TENANT’S trade fixtures, furnishings, equipment, and contents upon the Demised Premises. The State of Nevada is self-insured for both liability and property insurance. All liability claims are handled in accordance with Nevada Revised Statutes, Chapter 41. Regarding property insurance, the State self-insures the first Five Hundred Thousand Dollars ($500,000.00) of each loss. Claims above that amount are commercially insured under an all risks property insurance policy. TWELVE. INDEMNIFICATION. To the extent of the liability limitation set forth in NRS Chapter 41, the LESSEE/TENANT hereby agrees to indemnify and hold harmless LESSOR, its successor, assigns, agents and employees from all claims, damages, losses and expenses due to TENANT intentional acts or negligence arising out of or resulting from the use and occupancy of the Demised Premises or any accident in connection therewith, but only to the extent caused in whole or in part by intentional or negligent acts or omissions of TENANT, its subtenants, employees or agents. The State shall not be required to indemnify LESSOR, its successors, assigns, agents and employees for any liability, claims, damages, losses or expenses relating to or arising out of this Lease to the extent caused in whole or in part by the acts, negligence or omission of LESSOR, its successors, assigns, agents, and employees, or anyone directly or indirectly employed by any of them or anyone for whose acts any of them may be liable. Such obligation shall not be construed to negate, abridge, or otherwise reduce any other right or obligation of indemnity which would otherwise exist as to any party or person described in this paragraph.
Payment of Taxes and Insurance. Effective as of December 31, 2010, Section 4.4.3 of the Lease shall be deleted and of no further force or effect. Commencing as of January 1, 2011, and continuing through the Lease Term, Tenant shall pay monthly estimated amounts of taxes and insurance premiums as a part of the monthly estimate payments of Direct Expenses.
Payment of Taxes and Insurance. Pay when due all taxes, assessments, and other Liabilities against Borrower or its properties except those which are being contested in good faith and for which an adequate reserves have been established to the satisfaction of the Lender. Borrower shall make all withholding payments when due.
