Future Taxes. Pay all taxes and other governmental assessments as the same shall become due, excepting only taxes and governmental assessments which the Borrower or any Significant Subsidiary is contesting in good faith and for which the Borrower or any Significant Subsidiary has set aside adequate reserves, including reserves for interest with respect thereto in the manner provided hereafter.
Future Taxes. Section 5.5 Legal Existence, Properties, Stock Ownership and Solvency....................24 Section 5.6 Warranties and Conditions.................24 Section 5.7
Future Taxes. If hereafter any law or ordinance shall be adopted imposing a tax directly or indirectly on Beneficiary with respect to the Mortgaged Property, the value of Grantor’s equity therein, or the Debt and secured by this Deed of Trust, Beneficiary, at its election, shall have the right at any time after the tax has been imposed to give Grantor written notice declaring that the principal debt, with interest and other appropriate charges, shall be due on a specified date not less than sixty (60) days thereafter which notice shall specify the nature of the tax which is the basis for acceleration; provided, however, that such election shall be ineffective if, prior to the specified date, Grantor lawfully pays the tax (in addition to all other payments required hereunder) and agrees to pay the tax whenever it becomes due and payable thereafter, which agreement shall then constitute a part of this Deed of Trust.
Future Taxes. PURCHASER shall pay all general taxes accruing, and all special taxes and assessments becoming due, upon the subject property for the period beginning January 1 of the year 2021.
Future Taxes. If a Tax Lien Holder forecloses upon the Parking Property, as described in this Section 9, each of the Mixed-Use Property Owners and Adjacent Property Owners shall pay to the Foreclosure Owner their share of any future Taxes and any future maintenance and repair costs (collectively, the “Parking Property Costs”) based on their pro rata use of the Parking Property as compared to the other Mixed-Use Property Owners and Adjacent Property Owners. The Foreclosure Owner will send an invoice (“Invoice”) to each of the Mixed-Use Property Owners and Adjacent Property Owners for their share of the Parking Property Costs. The Mixed-Use Property Owners and Adjacent Property Owners shall pay their portion of the Parking Property Costs to the Foreclosure Owner within 30 days of the date of the Invoice. If a Mixed-Use Property Owner or Adjacent Property Owners does not pay its share of the Parking Property Costs within 30 days of the date of the Invoice, such Mixed-Use Property Owner or Adjacent Property Owners shall be prohibited from using the Easements until the Mixed-Use Property Owner or Adjacent Property Owners pays its share of the Parking Property Costs to the Foreclosure Owner.
Future Taxes. It is acknowledged by Sublessee and Sublessor that property tax legislation may be adopted by the Territory of Guam and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such purposes as fire protection, street, sidewalk and road maintenance, refuse removal and other governmental services formerly provided without charge to the property owners or occupants. It is the intention of Sublessee and Sublessor that all such new and increased assessments, taxes, fees, levies and charges be included within the definition of real property taxes for purposes of this Sublease.
Future Taxes. The charges under this Agreement do not include any Taxes, charges or fees, except as specifically provided herein. If any new Taxes, charges or fees imposed after the date hereof by any Authorized Authority howsoever denominated and howsoever measured (including energy taxes, value added taxes, pollution or Environment taxes, taxes on services, municipal consent and access fees, real estate taxes, sales and use taxes and ad valorem taxes) are imposed upon the operation and maintenance of the Electric System or upon or measured by the production, manufacture, sale, transportation, delivery, use or consumption of Electric Energy or power, Customer shall pay its Pro-Rata Share of such Taxes, charges, or fees net of its share of available credits, incentives and deductions or as otherwise provided for in any Applicable Law, unless such Taxes are imposed upon Customer by CMH in violation of Section 7.2. For Taxes that are unique to or directly attributable to CMH’s Unit 16, Customer’s prorated portion of such Taxes shall be equal to its proportional share of the Electric Energy it consumed from Unit 00.
Future Taxes. A. In the event of the passage after the date of this Mortgage of any law deducting from the value of the Subject Premises for the purposes of taxation any lien thereon or changing in any way the laws now in force for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any such taxes so as to affect this Mortgage, or if, at any time, the United States Government, or any other governmental subdivision, shall require state or federal documentary stamps hereon, or on the Notes, on the Loan Agreement, or on any of the other Relevant Documents (or if any of them shall be subject to any similar levy), the entire principal indebtedness and all other sums required to be paid by Mortgagor hereunder shall become due and payable at the option of Mortgagee thirty (30) days after the mailing of notice of such election to Mortgagor; provided, however, that exercise of that option shall be ineffective and this Mortgage, the Notes, the Loan Agreement, and other Relevant Documents shall be and remain in effect if Mortgagor lawfully may pay for such stamps or such tax including interest and penalties thereon to or for Mortgagee and does in fact pay, when due, for all such stamps or such tax, as the case may be.
B. No owner of the Subject Premises or holder of any lien subordinate to the lien of this Mortgage shall be entitled to any credit with respect to principal or interest of the debt hereby secured by reason of the payment of any tax on said Subject Premises, the obligation secured hereby, or the interest payable thereon.
C. In the event any Federal, state or local law, ordinance or regulation shall require the withholding by Mortgagor of any portion of the interest payable hereunder on account of any tax claims of any such governmental unit, Mortgagor shall be responsible for the payment of same but shall, nevertheless, make the payments to the Mortgagee in the full amount required hereunder without any deduction from the principal or interest payments for or on account of any such tax or interest and Mortgagee shall, and is hereby authorized to, upon receipt of such payments, set aside the required portion thereof in a special account for the payment of such withholding taxes and shall, when the same becomes due, pay the same over to the appropriate taxing authority. Mortgagor shall deliver to Mortgagee, at least thirty (30) days before each such payment shall become due, completed and executed tax re...
Future Taxes. Pay all taxes and governmental assessments as the same shall become due excepting only taxes and governmental assessments which are being contested in good faith. Except as provided in the immediately preceding sentence, failure to pay taxes or assessments before they become delinquent shall constitute an Event of Default under this Agreement, at the option of Lender. If the same shall not be promptly paid, Lender may, at any time before or after delinquency, pay the same without waiving or affecting any right hereunder and every payment so made shall bear interest from the date thereof at the Default Rate. Nothing to the contrary herein contained shall require Borrower to pay and discharge any such taxes, assessments, charges, levies or claims so long as Borrower in good faith shall contest the validity thereof, and shall set aside adequate reserves, including reserves for interest and penalties with respect thereto.
Future Taxes. Section 5.01 Liberty shall be solely liable for any future sales, excise or other tax arising from service to Granite Ridge for gas sold or transported under this Agreement which Liberty may hereafter be required to pay or collect under any federal, state or local law and Liberty agrees that the price payable under this Agreement includes any such taxes currently payable in connection with such service.
