Current Expenses. The Company will pay all costs and expenses of operation, maintenance and upkeep of the Project including without limitation all taxes, excises and other governmental charges lawfully levied thereon or with respect to the Company's interest therein or use thereof. It shall not be a breach of this Section if the Company fails to pay any such taxes or charges during any period in which the Company shall in good faith be diligently contesting the validity or amount thereof.
Current Expenses. The Company shall pay in a timely manner all costs of maintaining and operating the Project Facilities, including without limitation all taxes, excises and other governmental charges lawfully levied thereon or with respect to its interests therein or use thereof to the extent of the Company's interest therein. It shall not be a breach of this section if the Company fails to pay any such costs, taxes or charges during any period in which the Company shall in good faith be contesting the validity or amount thereof and no foreclosure proceedings have been commenced, unless the procedures applicable to such contest require payment thereof and proceedings for their refund or abatement.
Current Expenses. Expenses concerning the use and consumption of the unit for the lease period, in particular fuel, lubricants, water, electric power, expenses for port, customs, mooring and berthing fees, including in private marinas, as well as expenses for the use for onboard radio and phone devices, and any administrative penalties and fines, are to be borne by the Lessee. The amount of any expenses not yet quantifiable by the end of the lease shall be paid by the Lessee on the basis of an estimation by the Lessor, at the latter's discretion. Such expenses shall be subsequently documented by the Lessor.
Current Expenses. The Lessee’s obligations under this Facilities Lease, including its obligations to pay the Rental Payments, Administrative Fees and other payments required or elected, if any, to be made by the Lessee under this Facilities Lease during the respective Fiscal Year, shall constitute a current expense of the Lessee in the Fiscal Year during which such payments are due, and shall not constitute an indebtedness of the Lessee within the meaning of the laws of the State. Nothing in this Facilities Lease shall constitute a pledge by the Lessee to the Rental Payments and Administrative Fees due hereunder of any taxes or other money, other than Available Funds for the then current Fiscal Year.
Current Expenses. The Borrower shall pay in a timely manner ----------- ---------------- all costs of maintaining and operating the Project, including without limitation all taxes, excises and other governmental charges lawfully levied thereon or with respect to its interests therein or use thereof to the extent of the Borrower's interests therein. It shall not be a breach of this section if the Borrower fails to pay any such costs, taxes or charges during any period in which the Borrower shall in good faith be contesting the validity or amount thereof and no foreclosure proceedings have been commenced, unless the procedures applicable to such contest require payment thereof and proceedings for their refund or abatement, but the provisions of this sentence will not excuse any failure to comply with the Reimbursement Agreement in accordance with its terms.
Current Expenses. The Company shall reimburse, or pay directly, at the Closing up to $30,000 in the aggregate, of which $10,000 is acknowledged as previously paid, (i) counsels' fees of one firm designated by ABS SOS-PLUS PARTNERS, LTD. (the "LEAD BUYER") incurred in connection with the negotiation, preparation, and closing of this Agreement and the other agreements to be executed in connection herewith (the "DOCUMENTS"), (ii) such counsels' reasonable out of pocket expenses and (iii) other out-of-pocket expenses incurred by the Lead Buyer or the Collateral Agent incurred in connection with the negotiation of the terms of the transactions contemplated herein and due diligence of the Company, its Subsidiaries and their respective management. When requested by the Lead Buyer the Company shall pay these fees directly, otherwise the Company must make immediate payment for reimbursement to the Lead Buyer for such fees and expenses immediately upon written notice by the Lead Buyer or the submission of an invoice by the Lead Buyer. If the Company fails to reimburse the Lead Buyer in full within three (3) business days of the written notice or submission of invoice by the Lead Buyer, the Company shall pay interest on the total amount of fees to be reimbursed at a rate of eighteen percent (18%) per annum. Unless otherwise provided in this Agreement, each party shall bear its own expenses in performing this Agreement.
Current Expenses. The Company shall pay or cause to be paid, all costs of maintaining and operating the Project including, without limitation, all taxes or payments in lieu of taxes, excises and other governmental charges lawfully levied against the Project or with respect to the interest of the Company in the Project or to the use of the Project. It shall not be a breach of this Section 5.3 if the Company fails to pay any such taxes or charges during any period in which the Company is in good faith contesting the validity or the applicability thereof to the Project, unless the procedures applicable to contesting such proceedings are for a refund or abatement
Current Expenses. The Borrower shall pay in a timely manner all costs of maintaining and operating the Project, including without limitation all taxes, excises and other governmental charges lawfully levied thereon or with respect to its interests therein or use thereof. It shall not be a breach of this section if the Borrower fails to pay any such costs, taxes or charges during any period in which the Borrower shall in good faith be contesting the validity or amount thereof and no foreclosure proceedings have been commenced, unless the procedures applicable to such contest require payment thereof and proceedings for their refund or abatement. 507.
Current Expenses. The Company shall reimburse, or pay directly, at the Closing up to $7,500 in the aggregate, $4,000 of which is acknowledged as received by the Investor, (i) counsel’s fees of one firm designated by the Investor incurred in connection with the negotiation, preparation, and closing of this Agreement and the other agreements to be executed in connection herewith (the “Documents”), (ii) such counsel’s reasonable out of pocket expenses and (iii) other out-of-pocket expenses incurred by the Investor in connection with the negotiation of the terms of the transactions contemplated herein and due diligence of the Company and the Subsidiaries and their respective management. When requested by the Investor, the Company shall pay these fees directly; otherwise the Company must make immediate payment for reimbursement to the Investor for such fees and expenses immediately upon written notice by the Investor or the submission of an invoice by the Investor. If the Company fails to reimburse the Investor in full within three (3) Business Days of the written notice or submission of invoice by the Investor, the Company shall pay interest on the total amount of fees to be reimbursed at a rate of twenty-five percent (25.00%) per annum. Unless otherwise provided in this Agreement, each party shall bear its own expenses in performing this Agreement.
Current Expenses. The Borrower will pay all costs and expenses of operation, maintenance and upkeep of the Project including without limitation all taxes, excises and other governmental charges lawfully levied thereon or with respect to the Borrower's interest therein or use thereof. It shall not be a breach of this subsection if the Borrower fails to pay any such taxes or charges during any period in which the Borrower shall in good faith be diligently contesting the validity or amount thereof, unless the procedures applicable to such contest require payment thereof and proceedings for their refund or abatement. Section 404.
