Impound Accounts. Seller hereby assigns (effective as of the Closing) to the Buyer, its successors and assigns, all of its rights, title and interest in and to the reserve accounts, impound accounts and/or escrow deposits which have been established with Lender for the payment of taxes, assessments, repairs and replacements, production of financial reports, tenant rollover, tenant improvements and/or insurance, and Lender is hereby released from any further responsibility to the Seller in connection with such accounts.
Appears in 2 contracts
Sources: Consent and Assumption Agreement, Assumption Agreement (Inland Real Estate Income Trust, Inc.)