Common use of Release of Tax Funds Clause in Contracts

Release of Tax Funds. Provided no Event of Default shall exist and remain uncured, Lender shall direct Servicer to apply the Tax Funds in the Tax Account to payments of Taxes, provided Borrower shall furnish Lender with all bills, invoices and statements for the Taxes for which such funds are required at least thirty (30) days prior to the date on which such charges first become payable. In making any payment relating to Taxes, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds. Any Tax Funds remaining in the Tax Account after the Obligations have been paid in full shall be returned to Borrower.

Release of Tax Funds. Provided Lender shall apply the Tax Funds to payments of Taxes before the date Taxes are due and payable, provided that no Event of Default shall exist is continuing and remain uncured, Lender shall direct Servicer subject to apply the Tax Funds in the Tax Account Lender’s receipt of all necessary bills for Taxes to payments of Taxes, provided Borrower shall furnish Lender with all bills, invoices and statements for the Taxes for which such funds are required be so paid at least thirty ten (3010) days Business Days prior to the date on which such charges first become the same are due and payable. In making any payment relating to Taxes, Lender may do so according to any xxxxbxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) without inquiry into the accuracy of such xxxxbxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds. Any Tax Funds remaining in the Tax Account after the Obligations have occurrence of a Defeasance Event or the Debt has been paid in full shall be returned to Borrower.

Release of Tax Funds. Provided Lender shall apply the Tax Funds to payments of Taxes before the date Taxes are due and payable, provided that no Event of Default shall exist is continuing and remain uncured, Lender shall direct Servicer subject to apply the Tax Funds in the Tax Account Lender’s receipt of all necessary bills for Taxes to payments of Taxes, provided Borrower shall furnish Lender with all bills, invoices and statements for the Taxes for which such funds are required be so paid at least thirty ten (3010) days Business Days prior to the date on which such charges first become the same are due and payable. In making any payment relating to Taxes, Lender may do so according to any xxxxbxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) without inquiry into the accuracy of such xxxxbxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds. Any Tax Funds remaining in the Tax Account after the Obligations have Debt has been paid in full shall be returned to Borrower.

Release of Tax Funds. Provided no Event of Default shall exist and remain uncured, Lender shall direct Servicer to apply the Tax Funds in the Tax Account to payments of Taxes, provided Borrower shall furnish Lender with all bills, invoices and statements for the Taxes for which such funds are required at least thirty (30) days prior to the date on which such charges first become payable. In making any payment relating to Taxes, Lender may do so according to any xxxxbxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) without inquiry into the accuracy of such xxxxbxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax Funds shall exceed the amounts due for Taxes, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax Funds. Any Tax Funds remaining in the Tax Account after the Obligations have been paid in full shall be returned to Borrower.