Common use of Waiver of Tax Escrow Clause in Contracts

Waiver of Tax Escrow. Borrower shall be relieved of its obligation to make deposits of Tax and Insurance Escrow Fund under Section 7.2 above, provided that (a) Mortgage Borrower or Senior Mezzanine Borrower is required to and does make monthly deposits to a tax escrow account under the Mortgage Loan or Senior Mezzanine Loan, and (b) Lender receives evidence acceptable to it of the making of such deposits and of the payment of all such Taxes.

Waiver of Tax Escrow. Borrower shall be relieved of its obligation to make deposits of Tax and Insurance Escrow Fund under Section 7.2 above, provided that (a) Mortgage Borrower or Senior Mezzanine Borrower is required to and does make monthly deposits to a tax escrow account under the Mortgage Loan or Senior Mezzanine Loan, and (b) Lender receives evidence acceptable to it of the making of such deposits and of the payment of all such Taxes.and

Waiver of Tax Escrow. Borrower shall be relieved of its obligation to make deposits of Tax and Insurance Escrow Reserve Fund under Section 7.2 above, provided that (a) Mortgage Borrower is in compliance with Section 7.2 of the Mortgage Loan Agreement or Senior Mezzanine Borrower is required to and does make monthly deposits to a tax escrow account under in compliance with Section 7.2 of the Mortgage Loan or Senior Mezzanine Loan, Loan Agreement and (b) Lender receives evidence acceptable to it of the making of such any required deposits and of the payment of all such TaxesTaxes and Insurance Premiums.

Waiver of Tax Escrow. Borrower shall be relieved of its obligation to make deposits of Tax and Insurance Escrow Fund Funds under Section 7.2 6.2.1 above, provided that (a) to the extent Mortgage Borrower or Senior Mezzanine A Borrower is required to and does make monthly all required deposits to a tax escrow account under the Mortgage Loan or Senior the Mezzanine A Loan, and (b) as applicable. Within a reasonable period of time after Lender’s written request therefor, Borrower shall provide Lender receives with reasonable evidence acceptable to it of the making of that such deposits and of the payment of have been made that all such TaxesTaxes have been paid.