Tax and Insurance Reserve Account definition

Tax and Insurance Reserve Account shall have the meaning set forth in Section 9.6 hereof.
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Tax and Insurance Reserve Account shall have the meaning set forth in Section 7.2 hereof.
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Tax and Insurance Reserve Account shall have the meaning set forth in Section 9.4 hereof.
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Examples of Tax and Insurance Reserve Account in a sentence

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

  • If the amount of the Tax and Insurance Reserve Funds shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Section 5.4 and Section 8.1 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 Reserve Account.

  • Any amount remaining in the Tax and Insurance Reserve Account after the Debt has been paid in full shall be returned to Borrower or the person shown on Lender’s records as being the owner of the Property and no other party shall have any right or claim thereto.

  • If the amount of the Tax and Insurance Reserve Funds shall exceed the amounts due for Property Taxes and Insurance Premiums pursuant to Section 5.4 and Section 8.1 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 Reserve Account.

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


More Definitions of Tax and Insurance Reserve Account

Tax and Insurance Reserve Account shall have the meaning set forth in the Mortgage Loan Agreement.
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Tax and Insurance Reserve Account shall have the meaning set forth in Section 3.1(a).
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Tax and Insurance Reserve Account has the meaning assigned to such term in the Cash Management Agreement.
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Tax and Insurance Reserve Account has the meaning assigned in Section 15.2(1).
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Tax and Insurance Reserve Account means an account into which the deposits required pursuant to Section 5.23(a) are to be made.]
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Tax and Insurance Reserve Account has the meaning given to such term in Section 12.1(a) of this Agreement. ny-1258385
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Tax and Insurance Reserve Account has the meaning assigned to said term in Section 6.2(c).
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