Insurance Escrow definition

Insurance Escrow. As such term is defined in Section 4.2(e).

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Insurance Escrow has the meaning stated in Section 6.4.

Insurance Escrow. At any time an amount equal to the lesser of (a) the Reconstruction Proceeds then being held in escrow by the Lender, or (b) the amount by which the Lender has reduced the Borrowing Base by virtue of a decline in the Appraised Real Estate Value of a particular parcel of Real Estate due solely to a casualty to, or condemnation of, such Real Estate which casualty or condemnation resulted in the delivery of such Reconstruction Proceeds to the Lender.

Examples of Insurance Escrow in a sentence

• Any amount remaining in the Tax and Insurance Escrow Fund after the Debt has been paid in full shall be returned to Borrower.

• In making any payment relating to the Tax and Insurance Escrow Fund, Lender may do so according to any ▇▇▇▇, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such ▇▇▇▇, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.

• The Tax and Insurance Escrow Fund and the payments of interest or principal or both, payable pursuant to the Note, shall be added together and shall be paid as an aggregate sum by Borrower to Lender.

• If the amount of the Tax and Insurance Escrow Fund shall exceed the amounts due for Taxes and Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax and Insurance Escrow Fund.

• Lender will apply the Tax and Insurance Escrow Fund to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to this Agreement and under the Mortgage.

• If at any time Lender reasonably determines that the Tax and Insurance Escrow Fund is not or will not be sufficient to pay Taxes or Insurance Premiums by the dates set forth above, Lender shall notify Borrower of such determination and Borrower shall increase its monthly payments to Lender by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to delinquency of the Taxes or Insurance Premiums.

• If Borrower pays or causes to be paid all Taxes and Other Charges and provides a copy of the receipt evidencing the payment thereof to Lender, then Lender shall reimburse Borrower, provided that there are then sufficient proceeds in the Tax and Insurance Escrow Fund and provided that the Taxes are being paid pursuant to Section 7.2. Upon written request of Borrower, if Lender has paid such Taxes pursuant to Section 7.2 hereof, Lender shall provide Borrower with evidence that such Taxes have been paid.

• Lender will apply the Tax and Insurance Escrow Fund to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.1.2 hereof and under the Mortgage.

• Any interest earned on said account shall accrue in said account for the benefit of Borrower, but shall remain in and constitute part of the Tax and Insurance Escrow Fund, and shall be disbursed in accordance with the terms hereof.

• If the amount of the Tax and Insurance Escrow Fund shall exceed the amounts due for Taxes, Other Charges and Insurance Premiums pursuant to Section 5.1.2 hereof, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax and Insurance Escrow Fund.

More Definitions of Insurance Escrow

Insurance Escrow shall have the meaning set forth in SECTION 3.3.2.

Insurance Escrow. None from Borrower to Lender Tax Escrow: None from Borrower to Lender Facility Loan Documents:

Insurance Escrow has the meaning stated in Section 6.4. 1.36"Lease" or "Lease Agreement" means this Lease Agreement.

Insurance Escrow. Balance: $ Monthly P+I Payment: $ Interest Rate: % Date Principal Paid To: Date Interest Paid To: Origination Date: Maturity Date: EXECUTIVE SUMMARY:

Insurance Escrow. The following is hereby inserted at the end of Section 3.5: "Notwithstanding the foregoing, Lender hereby agrees to waive the requirement of an Escrow Fund for Insurance Premiums provided that each of the following conditions is satisfied at all times as determined by Lender in its sole discretion: