Tax Impound Account definition

Tax Impound Account shall have the meaning set forth in Section 1.4(d)(iii).
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Tax Impound Account means a subaccount of the Restricted Account established and maintained by Administrative Agent into which the Tax Impound is to be deposited.
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Tax Impound Account. - means a subaccount of the Restricted Account established and maintained by Administrative Agent into which the Tax Impound is to be deposited.
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Examples of Tax Impound Account in a sentence

  • Any Real Estate Tax Impound Account Trigger Event shall continue for a period of twenty-four (24) months (provided that, if any additional failure to pay any such Impositions occurs in such twenty-four (24) month period, such period will restart upon the occurrence of such additional failure to pay such Impositions).

  • Upon the occurrence and during the continuance of a Real Estate Tax Impound Account Trigger Event, Lessee shall deposit, at the time of any payment of Minimum Rent, an amount equal to one-twelfth (1/12th) of Lessee’s estimated annual Impositions relating to real estate taxes, of every kind and nature, required pursuant to Section 4.1 in a segregated, interest bearing tax impound account as directed by Lessor.

  • Any Real Estate Tax Impound Account Trigger Event shall continue for a period of twenty-four (24) months ( provided that, if any additional failure to pay any such Impositions occurs in such twenty-four (24) month period, such period will restart upon the occurrence of such additional failure to pay such Impositions).

  • Any Real Estate Tax Impound Account Trigger Event shall continue for a period of twenty-four (24) months (provided that, if anyadditional failure to pay any such Impositions occurs in such twenty-four (24) month period, such period will restart upon the occurrence of such additional failure to pay such Impositions).


More Definitions of Tax Impound Account

Tax Impound Account shall have the meaning set forth in Section 1.4(d)(iii). \\DC - 088650/000238 - 6521921 v16
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Related to Tax Impound Account

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.