Imposition Deposits definition

Imposition Deposits are defined in Section 7(a).
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Imposition Deposits means deposits in an amount sufficient to accumulate with Lender the entire sum required to pay the Impositions when due.
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Imposition Deposits. “Impositions,” “Leases,” “Rents” and “Restoration,” as well as any term used in this Agreement and not otherwise defined in this Agreement, will have the meanings given to those terms in the Senior Loan Agreement.
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Examples of Imposition Deposits in a sentence

  • Permanent Lender shall maintain records indicating how much of the monthly Imposition Deposits and how much of the aggregate Imposition Deposits held by Permanent Lender are held for the purpose of paying Taxes, insurance premiums and each other obligation of Borrower for which Imposition Deposits are required.

  • Any waiver by Permanent Lender of the requirement that Borrower remit Imposition Deposits to Permanent Lender may be revoked by Permanent Lender, in Permanent Lender’s discretion, at any time upon notice to Borrower.

  • The amount of the Imposition Deposits shall be sufficient to enable Permanent Lender to pay each Imposition before the last date upon which such payment may be made without any penalty or interest charge being added.

  • The obligations of Borrower for which the Imposition Deposits are required are collectively referred to in this RRDP Mortgage as “Impositions”.


More Definitions of Imposition Deposits

Imposition Deposits has the meaning set forth in the Security Instrument.
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Imposition Deposits have the meanings given to those terms in Section 4.
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Imposition Deposits shall have the meaning as defined in Section 7(a) of the Instrument.
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Imposition Deposits mean the Impositions and Imposition Deposits defined in the Security Instrument.
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Imposition Deposits are defined in Section 7(a). (k) "Improvements" means the buildings, structures, improvements, and alterations now constructed or at any time in the future constructed or placed upon the Land, including any future replacements and additions.
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Imposition Deposits as additional security for all of Borrower's obligations under this Instrument and the other Loan Documents. Any amounts deposited with Lender under this Section 7 shall not be trust funds, nor shall they operate to reduce the Indebtedness, unless applied by Lender for that purpose under Section 7(e).
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Imposition Deposits is defined in Section 8(a)(1) of the Master Lease.
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