Insurance Funds shall have the meaning set forth in Section 6.3.1.
Insurance Funds. The Insurance Funds shall be held in the Insurance Escrow Subaccount (as defined in the Cash Management Agreement), which shall be an Interest Bearing Account. If at any time Agent reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Agent shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Agent reasonably estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies. Notwithstanding the foregoing, provided no Event of Default is continuing, Agent agrees that upon delivery to Agent by Borrower of evidence satisfactory to Agent that the Policies of insurance required to be maintained by Borrower pursuant to Section 5.1.1 are maintained pursuant to blanket insurance Policies covering the Property and other properties and which blanket insurance Policies otherwise comply with the requirements of Section 5.1.1 and the Insurance Premiums payable in connection therewith have been prepaid for not less than one year in advance (or, for the period of coverage under the Policies as to which certificates are delivered at closing, such period, if less than one year), then Borrower’s obligation to make monthly deposits of the Insurance Funds pursuant to this Section 6.3.1 shall be suspended. Upon request of Agent, Borrower shall provide evidence satisfactory to Agent that the Insurance Premiums payable in connection with such blanket insurance Policies are paid as soon as appropriate evidence is reasonably available.
Insurance Funds. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.
Examples of Insurance Funds in a sentence
If the amount of the Insurance Funds shall exceed the amounts due for 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 Insurance Funds.
If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.
If to TRUST: BT Insurance Funds Trust c/o First Data Investor Services Group, Inc.
Any Insurance Funds remaining in the Insurance Account after the Obligations have been paid in full shall be returned to Borrower.
Any Insurance Funds remaining after the Debt has been paid in full shall be returned to Borrower.
More Definitions of Insurance Funds
Insurance Funds shall have the meaning set forth in the Mortgage Loan Agreement.
Insurance Funds. Mortgage Loan Agreement
Insurance Funds. 6.4.1 “Insurance Premiums” - 5.1.1(b) “Insurance Proceeds” - 5.4(b) “Intellectual Property” - 3.1.33 “Interest Period” - 2.3.2 “Lease Sweep Account” - 6.13.1 “Lease Sweep Funds” - 6.13.1
Insurance Funds has the meaning given such term in Section 7.3.3.
Insurance Funds. 5.3 “Insurance Premiums” – 4.1(b)
Insurance Funds. Section 6.4.1 "Insurance Premiums" - Section 5.1.1(b) "Interest Period" - Section 2.3 "Key Principal" - Section 8.2 "Lease Termination Payments" - Section 6.6.1(b)(i) "Liabilities" - Section 9.2(b) "Manager Termination Ratio" - Section 7.3 "Net Proceeds Deficiency" - Section 5.3.2(f) "Note" - Section 2.1.3 "Notice" - Section 11.6 "Operating Expense Account" - Section 6.8 "Operating Expense Funds" - Section 6.8 "Optional Prepayment Date": - Section 2.4.1 "Partial Defeasance" - Section 2.5.1(a) "Permitted Indebtedness" - Schedule V "Permitted Investments" - Cash Management Agreement "Permitted Transfer" - Section 8.2 "Policies" - Section 5.1.1(b) "Rating Surveillance Charge" - Section 9.3 "Registration Statement" - Section 9.2(b) "Remaining Property" - Section 2.6 "Restoration" - Section 5.2.1 "Rollover Account" - Section 6.6.1 "Rollover Funds" - Section 6.6.1 "Secondary Market Transaction" - Section 9.1(a) "Securities" - Section 9.1(a) "Securities Act" - Section 9.2(a) "Securitization" - Section 9.1(a) "Servicer" - Section 11.24 "Servicing Agreements" - Section 11.24 "Severed Loan Documents" - Section 10.2(c) "Special Member" - Schedule V "Springing Recourse Event" - Section 11.22 "Standard Statements" - Section 9.1(c) "Successor Borrower" - Section 2.5.3 "Tax Account" - Section 6.3.1 March 31, 2003
Insurance Funds has the meaning specified in Section 4(f)(iii).