Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment or similar charge is imposed against the Note, Mortgagee, or any interest of Mortgagee in any real or personal property encumbered hereby, Mortgagor will pay such tax, assessment or other charge before delinquency and will indemnify Mortgagee against all loss, expense or diminution of income in connection therewith. In the event Mortgagor is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Mortgagor from doing so, then the Note will, at Mortgagee’s option, become due and payable in full upon thirty (30) days’ notice to Mortgagor.
Intangible Taxes. Borrower has paid intangible taxes (i) related to the Xxxxxx Property Deed to Secure Debt held by Bank based on the value of the Xxxxxx Property being equal to $2,000,000.00 and (ii) related to the Whitecrest Property Deed to Secure Debt held by Bank based on the value of the Whitecrest Property being equal to $1,310,000.00. From time to time, Borrowers upon the demand of Bank must pay any additional intangible taxes related to the Xxxxxx Property Deed to Secure Debt or the Whitecrest Property Deed to Secure Debt (i) based on an increase in the value of the Xxxxxx Property or the Whitecrest Property, as applicable, as reflected on any current appraisal, or (ii) as otherwise required under the laws of the State of Georgia.
Intangible Taxes. Borrower shall pay all State, county and municipal recording, and intangible, and all other taxes imposed upon the execution and recordation of UCC Financing Statements and/or upon the execution and delivery of the Note.
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any Imposition is imposed against the Loan, the Note, this Agreement, the Mortgages or any other Loan Document, Lender, or any interest of Lender in any real or personal property encumbered by the Loan Documents, Borrowers shall pay such Imposition before delinquency in accordance with Section 2.15 of this Agreement and shall indemnify Lender against all loss, expense, or diminution of income in connection therewith. In the event Borrowers are unable to do so, either for economic reasons or because the legal provisions or decisions creating such Imposition forbid Borrowers from doing so, then the Loan will, at Lender’s option, become due and payable in full upon thirty (30) days’ notice to Borrowers and Borrowers shall repay the then outstanding principal balance of the Loan Amount plus all accrued and unpaid interest, together with all other amounts outstanding under the Loan Documents, in accordance with the prepayment provisions set forth in Section 2.6 and the Note.
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note or against Mortgagee, or against any interest of Mortgagee in any real or personal property encumbered hereby (but excluding any taxes in the nature of income taxes on the overall income or profits of Mortgagee to which Mortgagee may be subject), Mortgagor will pay such tax, assessment, or other charge before delinquency and will pay to Mortgagee any and all costs, expenses, or diminution of income incurred by Mortgagee in connection therewith. In the event Mortgagor is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Mortgagor from doing so, then the Note will, at Mortgagee’s option, become due and payable in full upon ninety (90) days’ notice to Mortgagor, without prepayment premium or penalty.
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note, against Grantee, or against any interest of Grantee in any real or personal property encumbered hereby, Grantor will pay such tax, assessment, or other charge before delinquency and will indemnify Grantee against all loss, expense, or diminution of income in connection therewith. In the event Grantor is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Grantor from doing so, then the Note will, at Grantee’s option, become due and payable in full upon thirty (30) days’ notice to Grantor.
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note, Lender, or any interest of Lender in any real or personal property encumbered hereby, Borrower will pay such tax, assessment, or other charge before delinquency and will indemnify Lender against all loss, expense, or diminution of income in connection therewith. In the event Borrower is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Borrower from doing so, then the Note will, at Lender’s option, become due and payable in full upon ninety (90) days’ notice to Borrower.
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note, against Lender arising directly from Lender’s interests in the Loan Documents (other than a tax based on Lender’s income), or against any security interest of Lender in the Property, Borrower will pay such tax, assessment, or other charge before delinquency and will indemnify Lender against all loss, expense, or diminution of income in connection therewith. In the event Borrower is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Borrower from doing so, then the Note will, at Lender’s option, become due and payable in full upon thirty (30) days’ notice to Borrower.
Intangible Taxes. If by reason of any Legal Requirement, any change or amendment thereto or in the interpretation or application thereof, any judicial decision adopted or rendered following the Closing Date, or any request or directive by any Governmental Authority, (i) any tax, assessment or similar charge is imposed against any of the Secured Obligations, any of the Loan Documents, Administrative Agent, Lender, or any interest of Administrative Agent or Lender in any Collateral, (ii) any reserve, special deposit, compulsory loan or similar requirement is imposed on Administrative Agent or Lender or any of Administrative Agent’s or Lender’s Affiliates, (iii) the rate of return on Lender’s capital as a consequence of Lender’s or Administrative Agent’s obligations hereunder is reduced by any amount reasonably deemed by Administrative Agent to be material, or (iv) any other condition is imposed on Lender or Administrative Agent that increases the cost to Lender or Administrative Agent of making, renewing or maintaining the Loan or reduces any amount receivable by Administrative Agent and/or Lender hereunder, then, in any such case, Borrowers shall promptly pay 153758634 Loan Agreement (CT/NJ Loan) - GTJ Portfolio Refinancing - AIG Lender and/or Administrative Agent upon demand any additional amounts necessary to compensate Lender and/or Administrative Agent for such additional costs of Lender and/or Administrative Agent or reduced amount receivable in respect of the Loan, and Borrowers shall indemnify Lender and Administrative Agent against all Losses in connection with any such tax, assessment or other charge. If Borrowers are unable to pay such amounts before delinquency, then the Secured Obligations shall, at Administrative Agent’s option, become due and payable in full upon ninety (90) days’ notice to Borrowers (and, within such ninety (90) day period, Borrowers shall repay the Principal Indebtedness plus all accrued and unpaid interest thereon, together with all other amounts outstanding under the Loan Documents, in accordance with the prepayment provisions set forth in Section 2.3, but without any prepayment premium).
Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note, or against Beneficiary, or against any interest of Beneficiary in any real or personal property encumbered hereby (but excluding any taxes in the nature of income taxes on the overall income or profits of Beneficiary to which Beneficiary may be subject), Grantor will pay such tax, assessment, or other charge before delinquency and will pay to Beneficiary any and all costs, expenses, or diminution of income incurred by Beneficiary in connection therewith. In the event Grantor is unable to do so, either for economic reasons or because the legal provisions or decisions creating such tax, assessment or charge forbid Grantor from doing so, then the Note will, at Beneficiary’s option, become due and payable in full upon ninety (90) days’ notice to Grantor, without prepayment premium or penalty.
