Tax and Insurance Reserve Account definition

Tax and Insurance Reserve Account shall have the meaning set forth in Section 9.6 hereof.

Tax and Insurance Reserve Account shall have the meaning set forth in the Mortgage Loan Agreement.

Tax and Insurance Reserve Account has the meaning assigned to such term in the Cash Management Agreement.

Examples of Tax and Insurance Reserve Account in a sentence

• Upon the occurrence of a Cash Sweep Cure Date and provided that a Cash Sweep Period shall not then otherwise exist, amounts in the Tax and Insurance Reserve Account shall be released to Borrower on the next Payment Date.

• In making any payment from the Tax and Insurance Reserve Account, Administrative Agent may do so according to any bill, statement or estimate procured from the appropriate public office (each, a “Tax Bill”) (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof.

• Any Tax and Insurance Reserve Funds remaining on deposit in the Tax and Insurance Reserve Account after the Debt has been paid in full shall be paid to Borrower.

More Definitions of Tax and Insurance Reserve Account

Tax and Insurance Reserve Account has the meaning set forth in Section 3.4(a).

Tax and Insurance Reserve Account has the meaning set forth in Section 2.11(d).

Tax and Insurance Reserve Account means an account into which the deposits required pursuant to Section 5.23(a) are to be made.]

Tax and Insurance Reserve Account has the meaning assigned in Section 15.2(1).

Tax and Insurance Reserve Account has the meaning given to such term in Section 12.1(a) of this Agreement.

Tax and Insurance Reserve Account is defined in Section 9.6(a) hereof.

Tax and Insurance Reserve Account means an interest-bearing reserve account to be maintained with the Administrative Agent into which cash shall be deposited from time to time to cover annual real estate tax bills and the annual insurance premiums for a Collateral Pool Property.