Ground Rents definition
Examples of Ground Rents in a sentence
I also will timely pay leasehold payments or Ground Rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any.
I also will timely pay leasehold payments or Ground Rents on My Homestead, if any, and Community Association Dues, Fees, and Assessments, if any.
On each Payment Date, Borrowers shall pay to Lender (for allocation as set forth herein) the Basic Carry Costs Monthly Installment, the Required Debt Service Payment, the Ground Rents Monthly Installment, the Capital Reserve Monthly Installment and any and all fees and other amounts then due to the Cash Collateral Account Bank, all for the then Current Interest Accrual Period, except as otherwise provided in Section 2.11.
Notwithstanding the foregoing, on the Closing Date Borrowers shall deposit the Initial Deferred Maintenance Amount into the Deferred Maintenance Sub-Account, the Initial Basic Carrying Cost Amount into the Basic Carrying Cost Sub-Account, the Initial Upfront Remediation Amount into the Upfront Remediation Sub-Account and the Initial Ground Rents Amount into the Ground Rent Reserve Sub-Account.
Borrower shall provide Lender and the Cash Collateral Account Bank with written notice of any changes in any Ground Rents sixty (60) days prior to the effective date of such change.