Tax Escrow Fund definition

Tax Escrow Fund shall have the meaning assigned to such term in Section 7.2 hereof.

Tax Escrow Fund means the Tax Escrow Amount deposited with the Escrow Agent in the Tax Escrow Account, as such sum may increase or decrease from time to time as provided in this Agreement and the Escrow Agreement.

Tax Escrow Fund shall have the meaning set forth in Section 16.3.1 hereof.

Examples of Tax Escrow Fund in a sentence

• From and after the occurrence of an --------------- Event of Default, at the option and upon the request of the Mortgagee, the Mortgagor shall deposit with the Mortgagee in an account maintained by the Mortgagee (the "Tax Escrow Fund"), on the first day of each month, an amount --------------- estimated by the Mortgagee to be equal to one-twelfth of the annual real property taxes and other annual Charges required to be discharged by the Mortgagor under Section 7.1 hereof.

• The Tax Escrow Fund shall be used solely to satisfy Tax Liens and Tax Liabilities and shall not be used for any other Losses.

• All earnings on such Permitted Investments shall be added to, and become a part of, the Tax Escrow Fund.

• In either event, upon the effective date of such resignation or removal and upon receipt by the Tax Escrow Agent of any fees, costs and expenses owed or due to it, if any, hereunder the Tax Escrow Agent shall deliver the property comprising the Tax Escrow Fund to such successor escrow agent, together with such records maintained by the Tax Escrow Agent in connection with its duties hereunder and other information with respect to the Tax Escrow Fund as such successor may reasonably request.

• At Closing, Purchaser shall deposit with the bank issuing the Letter of Credit the amount of the Purchase Price (less the amount placed in the Tax Escrow Fund), which shall serve as cash collateral for the bank in the event the Letter of Credit is drawn upon by Selling Shareholders.

More Definitions of Tax Escrow Fund

Tax Escrow Fund. Tax Escrow Fund" shall mean the escrow fund pursuant to which the Tax Escrow Amount shall be maintained for the purposes of satisfying certain claims brought pursuant to Section 11.2(b) of the Agreement.

Tax Escrow Fund has the meaning set forth in Section 2.03(a)(iii)(D).

Tax Escrow Fund. As defined in Section 15.1(l).

Tax Escrow Fund means the Tax Escrow Amount (plus any interest, dividends or other earnings paid on such Tax Escrow Amount and earnings thereon) in accordance with the Escrow Agreement.

Tax Escrow Fund shall have the meaning set forth in Section 6.2.

Tax Escrow Fund means the Resale Tax Escrow Fund and the Retail Tax Escrow Fund.

Tax Escrow Fund has the meaning assigned in Section 3.4.