Insurance Escrow Account definition

Insurance Escrow Account has the meaning set forth in Section 2.13(b).
Sample 1Sample 2Sample 3
Insurance Escrow Account shall have the meaning set forth in Section 1(d) of Article VI.
Sample 1Sample 2
Insurance Escrow Account. As defined in Section 4.1(e)(ii).
Sample 1Sample 2

Examples of Insurance Escrow Account in a sentence

  • Security Agreement 56 10.1 Tenant Security Deposit Account 56 10.2 Tax Escrow Account 56 10.3 Insurance Escrow Account 56 10.4 Operating Account 56 10.5 Bank-Controlled Account 56 10.6 Intentionally Omitted 56 10.7 Construction Disbursement Account 56 10.8 Security Agreement for Required Accounts 57 11.

  • Notwithstanding the above, Lender may, in its sole discretion, waive the requirement for the establishment of the Tax and Insurance Escrow Account.

  • Upon the occurrence of an Event of Default and at any time thereafter, Lender may require Borrower to deposit with Lender in the Insurance Escrow Account, which account shall be maintained at Lender, an amount each month equal to 1/12th of the amount which Lender estimates will be required to make the aggregate annual payments of the premiums for the policies of insurance required by this Agreement (“Insurance Premiums”).

  • During an Event of Default, Lender may apply the Tax and Insurance Escrow Account funds to the Indebtedness as Lender determines.

  • So long as no Event of Default then exists and Lender has received all invoices for Real Estate Taxes and insurance premiums, Lender shall pay (or will permit Borrower to make withdrawals from the Tax and Insurance Escrow Account to pay) all invoices for Real Estate Taxes and insurance premiums.

  • The Tax and Insurance Escrow Account is not, unless otherwise explicitly required by Applicable Law, an escrow or trust fund.

  • The AGENT will forward all bills for premiums to NHHFA to be paid out of the PROJECT'S Insurance Escrow Account and treated as an expense of the PROJECT.

  • Borrower shall immediately remit to Lender funds (as Lender determines and demands) sufficient to satisfy any deficiency in the Tax and Insurance Escrow Account.

  • The Tax and Insurance Escrow Account may be mingled with the general funds of Lender.

  • Any excess amounts in the Tax and Insurance Escrow Account may, at Lender’s reasonable option, be retained in the account for future use, applied to the Indebtedness or refunded to Borrower.


More Definitions of Insurance Escrow Account

Insurance Escrow Account has the meaning set forth in Section 10.5.
Sample 1
Insurance Escrow Account has the meaning set forth in Section 10.5. “Insurance Premium” means “Insurance Premium” as defined in Section 10.5.
Sample 1
Insurance Escrow Account has the meaning set forth in SECTION 2.13(B).
Sample 1
Insurance Escrow Account the designated interest bearing account held with the Escrow Agent in the joint names of the Purchaser and the WIL Representatives; Insurance Escrow Amount: £3,000,000; Insurance Policies:
Sample 1

Related to Insurance Escrow Account

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Initial Reserve Account Deposit means $3,000,000.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];