Impositions, Liens and Charges Sample Clauses

Impositions, Liens and Charges. Grantor shall pay all Impositions and other charges, if any, attributable to the Property prior to delinquency, and at Agent’s option during the continuance of an Event of Default, Grantor shall pay in the manner hereafter provided under this Section 1.
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Impositions, Liens and Charges. Mortgagor shall pay all Impositions and other charges, if any, attributable to the Property prior to delinquency, and at Agent’s option during the continuance of an Event of Default, Mortgagor shall pay in the manner hereafter provided under this Section 1.03. Mortgagor shall, during continuance of an Event of Default, furnish to Agent all bills and notices of amounts due under Section 1.03 as soon as received, and in the event Mortgagor shall make payment directly, Mortgagor shall, as and when available, furnish to Agent receipts evidencing such payments prior to the dates on which such payments are delinquent, subject to Mortgagor’s right to contest taxes, assessments and other governmental charges as provided in the Credit Agreement. Mortgagor shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Property or Mortgagor (including federal tax liens) and will keep and maintain the Property free from the claims of all persons supplying labor or materials to the Property, subject to Mortgagor’s right to contest the same as provided in the Credit Agreement. Mortgagor shall not claim or be entitled to any credit against the taxable value of the Property by reason of this Instrument, or any deduction in or credit on the Secured Obligations by reason of Impositions paid.
Impositions, Liens and Charges. Mortgagor shall pay all Impositions and other charges, if any, attributable to the Mortgaged Property, as and when due, unless, pursuant to Paragraph 2 above, Mortgagee has requested that they be paid monthly, in which case, they shall be paid in accordance with Paragraph 2. Mortgagor shall furnish to Mortgagee all bills and notices of amounts due under this Paragraph 3 as soon as received. Mortgagor shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Mortgaged Property and will keep and maintain the Mortgaged Property free from the claims of all persons supplying labor or materials to the Mortgaged Property.
Impositions, Liens and Charges. Mortgagor shall pay all the yearly water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, common area maintenance charges, all governmental charges of every name and restriction which may be levied on the Property as well as the yearly premium installments for the insurance covering the Property as required pursuant to Paragraph 3 hereof (hereinafter collectively referred to as the "Impositions") and other charges, if any, attributable to the Property, subject to the Mortgagor's right to contest, provided such contest complies with terms of Section 5.05 of the Credit Agreement. Mortgagor shall promptly furnish to Agents all bills and notices of amounts due under this Paragraph 2, and, Mortgagor shall furnish to Agents evidence of such payments at least five (5) days prior to the dates on which such payments are delinquent for taxes. Mortgagor shall promptly discharge (by bonding, payment or otherwise) any Lien filed against the Property (other than Permitted Liens).
Impositions, Liens and Charges. Grantor shall pay all the yearly water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, all governmental charges of every name and restriction which may be levied on the Property as well as the yearly premium installments for the insurance covering the Property as required pursuant to Paragraph 3 hereof (hereinafter collectively referred to as the "Impositions") and other charges, if any, attributable to the Property Grantor shall furnish to Collateral Agent all bills and notices of amounts due under this Paragraph 2 as soon as received, and, Grantor shall furnish to Collateral Agent receipts evidencing such payments at least five (5) days prior to the dates on which such payments are delinquent for taxes. Except as otherwise provided in the Credit Agreement, Grantor shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Property (other than Permitted Liens) and will keep and maintain the Property free from the claims of all persons supplying labor or materials to the Property.
Impositions, Liens and Charges. Mortgagor shall pay all the yearly water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, common area maintenance charges, all governmental charges of every name and restriction which may be levied on the Property as well as the yearly premium installments for the insurance covering the Property as required pursuant to Paragraph 2 hereof (hereinafter collectively referred to as the "Impositions") and other charges, if any, attributable to the Property, subject to the Mortgagor's right to contest, provided such contest complies with terms of Section 5.05 of the Credit 4 IN
Impositions, Liens and Charges. (a) Mortgagor shall pay all the yearly water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, all governmental charges of every name and restriction which may be levied on the Property as well as the yearly premium installments for the insurance covering the Property as required pursuant to Paragraph 3 hereof (hereinafter collectively referred to as the "Impositions") and other charges, if any, attributable to the Property. Mortgagor shall furnish to Collateral Agent all bills and notices of amounts due under this Paragraph 3 as soon as received, and, Mortgagor shall furnish to Collateral Agent evidence of such payments at least five (5) days prior to the dates on which such payments are delinquent for taxes. Except as otherwise provided in the Credit Agreement, Mortgagor shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Property (other than Permitted Liens) and will keep and maintain the Property free from the claims of all persons supplying labor or materials to the Property. (b) Without limiting any other rights and remedies of the Collateral Agent, the failure of the Mortgagor to pay any part of any Impositions, at the time or times when such items are due and payable, shall constitute waste and entitle the Collateral Agent to all the benefits, rights and remedies of Act No. 236 of the Michigan Public Acts of 1961 as amended (MCLA 600.2927) and any successor provisions thereof. Mortgagor further hereby consents to the appointment of a receiver under said statute, should Collateral Agent elect to seek such relief thereunder.
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Impositions, Liens and Charges. (a) Mortgagor shall pay when due all the water and sewer bills, real estate taxes, ad valorem taxes, personal property taxes, assessments, betterments, all governmental charges of every name and restriction which may be levied on the Property as well as the premium installments for the insurance covering the Property as required pursuant to Paragraph 3 hereof (hereinafter collectively referred to as the “Impositions”) and other charges, if any, attributable to the Property. Mortgagor shall promptly discharge (by bonding, payment or otherwise) any lien (other than Permitted Liens as defined hereafter) filed against the Property and will keep and maintain the Property free from the claims of all Persons supplying labor or materials to the Property. Except for the Senior Liens and Permitted Liens (defined hereafter), Mxxxxxxxx does warrant and will forever defend the title to the Property against the claims of all Persons whomsoever. (a) Notwithstanding anything to the contrary herein, neither the existence of the following liens (which hereinafter, together with the Senior Liens and Approved Liens are referred to as “Permitted Liens”) nor the relative priority of such liens shall be considered a default under this Security Instrument: (i) Easements, rights of way, restrictions, minor defects or irregularities in title and other similar liens not interfering in any material respect with the ordinary conduct of the business of Mortgagor on the Property or having any material adverse effect on the value of the Property; (ii) Liens securing debt incurred or assumed for the purpose of financing all or any part of the cost of acquiring the fixed asset subject to the lien (including purchase money financing and capital leases); (iii) Liens on fixed assets at the time of acquisition thereof; (iv) Liens for taxes or other governmental charges not at the time delinquent or thereafter payable without penalty or being contested in good faith by appropriate proceedings and subject to appropriate reserves in conformity with GAAP; (v) Liens arising in the ordinary course of business (i) in favor of carriers, warehousemen, mechanics, materialmen, and landlords, and other similar liens imposed by law and (ii) in connection with worker’s compensation, unemployment compensation and other types of social security (excluding Liens arising under ERISA) or in connection with surety bonds, bids, performance bonds and similar obligations, for sums not overdue or being contested in g...
Impositions, Liens and Charges. Borrower shall pay all Impositions ------------------------------ and other charges, if any, attributable to the Property, and at Xxxxxx's option, shall pay in the manner provided under Paragraph 2 hereof. Borrower shall furnish to Lender all bills and notices of amounts due under this Paragraph 3 as soon as received, and in the event Borrower shall make payment directly, Borrower shall furnish to Lender receipts evidencing such payments at least five (5) days prior to the dates on which such payments are due. Borrower shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Property and will keep and maintain the Property free from the claims of all persons supplying labor or materials to the Property.
Impositions, Liens and Charges. Mortgagor shall pay (a) the yearly real estate taxes, ad valorem taxes, movable property taxes, assessments and betterments, and (b) the yearly premium installments for the insurance covering the Property (hereinafter collectively referred to as the “Impositions”) and other charges, if any, attributable to the Property prior to delinquency, and at Xxxxxx’s option during the continuance of an Event of Default, Mortgagor shall pay in the manner hereafter provided under this Section 1.03. Mortgagor shall, during continuance of an Event of Default, furnish to Lender all bills and notices of amounts due under Section 1.03 promptly after receipt thereof, and in the event Mortgagor shall make payment directly, Mortgagor shall, as and when available, furnish to Lender receipts evidencing such payments prior to the dates on which such payments are delinquent, subject to Xxxxxxxxx’s right to contest taxes, assessments and other governmental charges. Mortgagor shall promptly discharge (by bonding, payment or otherwise) any lien filed against the Property or Mortgagor (including federal tax liens) and will keep and maintain the Property free from the claims of all persons supplying labor or materials to the Property, subject to Xxxxxxxxx’s right to contest the same. Mortgagor shall not claim or be entitled to any credit against the taxable value of the Property by reason of this Instrument, or any deduction in or credit on the Secured Debt by reason of Impositions paid.
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