Common use of Tax and Insurance Escrow Account Clause in Contracts

Tax and Insurance Escrow Account. (a) On or prior to the Closing Date, Borrowers shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts payable by any Borrower in respect of Taxes and Insurance Premiums for each Property (the "Tax and Insurance Escrow Account").

Tax and Insurance Escrow Account. (a) On or prior to the Closing Date, Borrowers Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts payable by any Borrower in respect of Taxes and Insurance Premiums for each Property insurance premiums (the "“Tax and Insurance Escrow Account"”).

Tax and Insurance Escrow Account. (a) On or prior to the Closing Date, Borrowers Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts payable by any Borrower in respect of Taxes Taxes, insurance premiums and Insurance Premiums for each Property Common Charges (the "Tax and Insurance Escrow Account").

Tax and Insurance Escrow Account. (a) On or prior to the Closing Date, Borrowers Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts payable by any Borrower in respect of Taxes and Insurance Premiums for each Property insurance premiums (the "Tax and Insurance Escrow AccountTAX AND INSURANCE ESCROW ACCOUNT"), which may be a subaccount of the Cash Management Account.