Basic Carrying Costs definition

Basic Carrying Costs means, for any period, with respect to each Individual Property, the sum of the following costs associated with such Individual Property for such period: (a) Taxes and (b) 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 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.

Examples of Basic Carrying Costs in a sentence

• In making any payment relating to the Basic Carrying Costs Escrow Fund, Lender may do so according to any bill, statement or estimate procured from the appropriate public office (with respect to Property Taxes and Other Charges), insurer or agent (with respect to Insurance Premiums) or ground lessor (with respect to Ground Rent), without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.

• From time to time, Lender (or its Servicer) shall instruct Cash Management Bank to disburse funds on deposit in the Basic Carrying Costs Escrow Account for the payment or reimbursement of Property Taxes, Other Charges, Insurance Premiums and Ground Rent in accordance with Section 7.3 of this Agreement.

• Lender will apply the Basic Carrying Costs Escrow Fund to payments of Property Taxes, Other Charges, Insurance Premiums and Ground Rent required to be made by Borrower pursuant to the provisions hereof and under the Mortgages; provided that during the continuance of a Cash Sweep Period, Lender shall be entitled to apply the same in its sole and absolute discretion.

• Any amount remaining in the Basic Carrying Costs Escrow Fund after the Debt has been paid in full shall be disbursed in accordance with Section 7.7 below.

• If the amount of the Basic Carrying Costs Escrow Fund shall exceed the amounts due for Property Taxes, Other Charges, Insurance Premiums and Ground Rent, and no Event of Default is continuing, Lender shall return any excess to Borrower or credit such excess against future payments to be made to the Basic Carrying Costs Escrow Fund.

More Definitions of Basic Carrying Costs

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, for any period, the sum of the following costs: (a) Taxes, (b) Other Charges and (c) Insurance Premiums.

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 Property for the relevant Fiscal Year or payment period: (a) Property Taxes, (b) Other Charges and (c) Insurance Premiums.

Basic Carrying Costs means the sum of the following costs associated with the Property: (a) Impositions and (b) insurance premiums.

Basic Carrying Costs means, with respect to each Facility, the following costs: (i) real property taxes, assessments and Impositions applicable to such Facility, and (ii) insurance premiums for policies of insurance required or permitted to be maintained by a Borrower pursuant to this Agreement or the other Loan Documents.

Basic Carrying Costs means the sum of the following costs associated with the Property: Taxes, Other Charges and Insurance Premiums.