Common use of Contest of Impositions Clause in Contracts

Contest of Impositions. The City will have the right, in its own name or in the Trustee’s name, to contest the validity or amount of any Imposition that the City is required to bear, pay and discharge pursuant to the terms of this Article by appropriate legal proceedings instituted at least ten days before the contested Imposition becomes delinquent and may permit the Imposition so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Trustee notifies the City that, in the Opinion of Counsel, by nonpayment of any such items the interest of the Trustee in the Project will be endangered or the Project or any part thereof will be subject to loss or forfeiture, in which event the City will promptly pay such taxes, assessments or charges or provide the Trustee with full security against any loss that may result from nonpayment in form satisfactory to the Trustee. The Trustee agrees to cooperate with the City in connection with any and all administrative or judicial proceedings related to Impositions. The City will hold the Trustee whole and harmless from any costs and expenses the Trustee may incur with respect to any Imposition.

Contest of Impositions. The City will have the rightmay, in its own name or in the Trustee’s name, to contest the validity or amount of any Imposition that the City is required to bear, pay and discharge pursuant to the terms of this Article by appropriate legal proceedings instituted at least ten 10 days before the contested Imposition becomes delinquent and delinquent. The City may permit the Imposition so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Trustee notifies the City that, in the Opinion of Counsel, by nonpayment of any such items the interest of the Trustee in the Project Leased Property will be endangered or the Project Leased Property or any part thereof will be subject to loss or forfeiture. In that event, in which event the City will shall promptly pay such taxes, assessments or charges or provide the Trustee with full security against any loss that may result from nonpayment in form satisfactory to the Trustee. The Trustee agrees to cooperate with the City in connection with any and all administrative or judicial proceedings related to Impositions. The City will hold the Trustee whole and harmless from any costs and expenses the Trustee may incur with respect to any Imposition.

Contest of Impositions. The City will have has the right, in its own name or in the TrusteeBank’s name, to contest the validity or amount of any Imposition that which the City is required to bear, pay and discharge pursuant to the terms of this Article by appropriate legal proceedings instituted at least ten 10 days before the contested Imposition becomes delinquent and may permit the Imposition so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Trustee Bank notifies the City that, in the Opinion opinion of Counsel, by nonpayment of any such items the interest of the Trustee Bank in the Project Facilities will be materially endangered or the Project Facilities or any part thereof will be subject to loss or forfeiture, in which event the City will promptly pay such taxes, assessments or charges or provide the Trustee Bank with full security against any loss that which may result from nonpayment nonpayment, in form satisfactory to the TrusteeBank. The Trustee Bank agrees to cooperate with the City in connection with any and all administrative or judicial proceedings related to Impositions. The City will hold the Trustee Bank whole and harmless from any costs and expenses the Trustee Bank may incur with respect to any Imposition.

Contest of Impositions. The City will have the rightmay, in its own name or in the Trustee’s nameTrustee’sname, to contest the validity or amount of any Imposition that the City is required to bear, pay and discharge pursuant to the terms of this Article by appropriate legal proceedings instituted at least ten 10 days before the contested Imposition becomes delinquent and delinquent. The City may permit the Imposition so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Trustee notifies the City thatCitythat, in the Opinion of Counsel, by nonpayment of any such items the interest of the Trustee in the Project Leased Property will be endangered or the Project Leased Property or any part thereof will be subject to loss or forfeiture. In that event, in which event the City will shall promptly pay such taxes, assessments or charges or provide the Trustee with full security against any loss that may result from nonpayment in form satisfactory to the Trustee. The Trustee agrees to cooperate with the City in connection with any and all administrative or judicial proceedings related to Impositions. The City will hold the Trustee whole and harmless from any costs and expenses the Trustee may incur with respect to any Imposition.