Basic Carrying Costs definition

Basic Carrying Costs means the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means, with respect to the Property, the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means the following costs with respect to each Individual Property: (i) Impositions applicable to such Property; and (ii) insurance premiums for policies of insurance required or permitted to be maintained by the applicable Borrower pursuant to this Agreement or the other Loan Documents.

Examples of Basic Carrying Costs in a sentence

• Borrower shall have paid all Basic Carrying Costs relating to the Property which are in arrears, including without limitation, (a) accrued but unpaid insurance premiums relating to the Property, (b) currently due and payable Taxes (including any in arrears) relating to the Property, and (c) currently due Other Charges relating to the Property, which amounts shall be funded with proceeds of the Loan.

• Borrower shall use the proceeds of the Loan to (a) repay and discharge any existing loans relating to the Property, (b) pay all past-due Basic Carrying Costs, if any, in respect of the Property, (c) make deposits into the Reserve Funds on the Closing Date in the amounts provided herein, (d) pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, (e) fund any working capital requirements of the Property, and (f) distribute the balance, if any, to Borrower.

• Together with each such request, Borrower shall furnish Lender with bills and all other documents necessary, as reasonably determined by Lender, for the payment of the Basic Carrying Costs which are the subject of such request.

• Borrower hereby agrees to pay all Basic Carrying Costs (without regard to the amount of money in the Basic Carrying Costs Sub-Account or the Basic Carrying Costs Escrow Account).

• Borrower’s obligation to pay Basic Carrying Costs pursuant to this Agreement shall include, to the extent permitted by applicable law, Impositions resulting from future changes in law which impose upon Lender an obligation to pay any property taxes on the Mortgaged Property or other Impositions.

More Definitions of Basic Carrying Costs

Basic Carrying Costs means the following costs with respect to the Mortgaged Property: (i) Impositions and (ii) insurance premiums for policies of insurance required to be maintained by Borrower pursuant to this Agreement or the other Loan Documents.

Basic Carrying Costs means, with respect to each Individual -------------------- Property, the sum of the following costs associated with such Individual Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

Basic Carrying Costs means the sum of the following costs associated with the Projects: (a) Impositions and (b) insurance premiums which, for the purposes of this Agreement, shall be equal to the product of (i) $0.25 and (ii) the annual amount of the gross rentable square footage of each Project, as set forth on Exhibit B-1. Lender reserves the right to adjust the amount of the annual insurance premiums included in the Basic Carrying Costs if, in Lender’s reasonable judgment, after prior notice to and discussion with Borrower, the amount being escrowed would be insufficient to purchase the insurance coverage on the Projects that is required under this Agreement.

Basic Carrying Costs means, for any period, the sum of the following costs: (a) Taxes, (b) Other Charges and (c) Insurance Premiums. 0107842.0726822 4821-7262-8396v10

Basic Carrying Costs means the sum of the -------------------- following obligations of Borrower associated with the Mortgaged Property: (i) real property taxes, (ii) insurance premiums and (iii) ground rent.

Basic Carrying Costs means the sum of the following costs associated with the Property for the applicable period or Fiscal Year: (i) Taxes,

Basic Carrying Costs means the following costs with respect to the -------------------- Facility