Insurance Premiums definition
Examples of Insurance Premiums in a sentence
Upon the commencement of ▇▇▇▇▇▇▇▇’s obligation to pay the Monthly Insurance Premium Deposit hereunder, if any, Borrower shall pay to Lender an initial deposit to be determined by Lender, in its reasonable discretion, to increase the amounts in the Tax and Insurance Escrow Fund to an amount which, together with anticipated Monthly Insurance Premium Deposits, shall be sufficient to pay all Insurance Premiums as they become due.
If the amount of the Tax and Insurance Escrow Funds shall exceed the amounts due for Property Taxes and Insurance Premiums pursuant to Sections 5.1.2 and 6.1, respectively, hereof.
Until such time that there is an Approved Annual Budget for a Fiscal Year, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in Taxes, debt service, franchise fees, Insurance Premiums and utilities expenses.
Until such time that there is an Approved Annual Budget for a Fiscal Year (including pursuant to the immediately preceding sentence), the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in Taxes, debt service, franchise fees, Insurance Premiums and utilities expenses.
Provided that no Priority Payment Cessation Event has occurred and is continuing has occurred and is continuing, Lender shall withdraw funds from the Tax and Insurance Premium Account to pay Property Taxes on or before the date Property Taxes are due and payable and Lender shall withdraw funds from the Tax and Insurance Premium Account to pay Insurance Premiums on or before the date Insurance Premiums are due and payable.