Liens and Taxes. Lessee shall keep the Equipment free and clear of all levies, liens and encumbrances, except those in favor of Lessor or its assigns, and shall give Lessor immediate notice of any attachment or other judicial process affecting any item of Equipment. Unless Lessee first provides proof of exemption therefrom, Lessee shall promptly reimburse Lessor, upon receipt of an accurate invoice, as an additional sum payable under this MLA, or shall pay directly if so requested by Lessor, all license and registration fees, sales, use, personal property taxes and all other taxes and charges imposed by any federal, state, or local governmental or taxing authority, from which the Lessee is not exempt, whether assessed against Lessee or Lessor, relating to the purchase, ownership, leasing, or use of the Equipment or the Rent Payments, excluding all taxes computed upon the net income of Lessor. Any tax statement received by the Lessor, for taxes payable by the Lessee, shall be promptly forwarded by the Lessor to the Lessee for payment.
Liens and Taxes. I will pay all liens, taxes, assessments and other government charges made against the Property when due. I will not claim any deduction from the taxable value of the Property because of this Mortgage. I will not claim any credit against the Principal and interest payable under the Note and this Mortgage for any taxes paid on the Property.
Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease Payments Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. Assignment LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires Lessee’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor had, but Lessee agrees Lessee will not assert against the new owner any claims, defenses or set-offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect Lessee’s rights and benefits under this Lease Agreement or any Schedule.
Liens and Taxes. LESSEE shall keep the EQUIPMENT free and clear of all levies, liens and encumbrances. LESSEE shall pay LESSOR, on or before the due date, all charges and taxes, local, state or federal, which may now or hereafter be imposed upon the ownership, leasing, rental, sale, purchase, possession or use of the EQUIPMENT, excluding, however, all taxes on the LESSOR’s income. If LESSEE fails to pay said charges or taxes to LESSOR when due, LESSOR shall have the right, but shall not be obligated, to pay said charges or taxes, and add the same to the next payment of rent, together with late charges as set out in Section 24. LESSEE agrees to pay a reasonable fee to LESSOR for the processing of property tax payments.
Liens and Taxes. The Customer must keep the Equipment free of liens, charges, and encumbrances of every nature and kind whatsoever and must pay all fees, taxes, or other which may be levied or assessed against the Equipment in connection with the possession or use thereof by the Customer.
Liens and Taxes. Lessee shall keep the Equipment free and clear of all levies, liens and encumbrances, except those in favor of Lessor or its assigns, and shall give Lessor immediate notice of any attachment or other judicial process affecting any item of Equipment. Unless Lessee first provides proof of exemption therefrom, Lessee shall promptly reimburse Lessor, upon receipt of an accurate invoice, as an additional sum payable under this MLA, or shall pay directly if so requested by Lessor, all license and registration fees, sales, use, personal DocuSign Envelope ID: 6DED73F5-BFF8-4F97-8769-3BDA849BBAEB property taxes and all other taxes and charges imposed by any federal, state, or local governmental or taxing authority, from which the Lessee is not exempt, whether assessed against Lessee or Lessor, relating to the purchase, ownership, leasing, or use of the Equipment or the Rent Payments, excluding all taxes computed upon the net income of Lessor. Any tax statement received by the Lessor, for taxes payable by the Lessee, shall be promptly forwarded by the Lessor to the Lessee for payment.
Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.
Liens and Taxes. Lessee will, at its expense, keep the Equipment free and clear of all levies, liens and encumbrances. Lessee shall not assign or otherwise encumber this Master Equipment Lease, any Promissory Note and Equipment Schedule or any of its rights hereunder without the prior written consent of Lessor. Lessee will declare and pay when due all license fees, registration fees, assessments, charges and taxes, whether municipal, state or federal, including, but not limited to, sales, use, excise and property taxes, and penalties and interest with respect thereto, excluding, however, any taxes based on or measured solely by Lessor's net income. Lessee shall provide evidence of any payment hereunder upon request of Lessor. In the event of a default under this Master Lease Agreement if requested by Lessor, Lessee shall pay, on such periodic basis as Lessor shall reasonably require, such proportionate amount of the aforesaid fees as shall be necessary to enable Lessor to pay such taxes as and when due (herein "Impound Account"). Lessor may commingle such tax payment amounts with its other funds and shall not be obligated to pay Lessee interest on such funds collected. Notwithstanding the foregoing, Lessee may in good faith by appropriate proceedings and upon notice to Lessor, contest the validity, applicability or amount of any asserted tax or assessment so long as (a) such contest is diligently pursued, (b) Lessor determines, in its subjective opinion, that such contest suspends the obligation to pay the tax and the nonpayment of such tax or assessment will not result in the sale, loss, forfeiture or diminution of the Equipment or Real Property or any part thereof or any interest of Lessor therein, and (c) prior to the earlier of the commencement of such contest or the delinquency date of the asserted tax or assessment, Lessee deposits with Lessor in the Impound Account an amount to be adequate to cover possible interest, costs and penalties; provided, however, that Lessee shall promptly cause to be paid any amount adjudged by a court of competent jurisdiction to be due, with all interest, costs and penalties thereon, promptly after such judgment becomes final; and provided further that in any event each such contest shall be concluded and the taxes, assessments, interest, costs and penalties shall be paid prior to the date any writ or order is issued under which the Equipment and/or the Real Property may be sold, lost or forfeited.
Liens and Taxes. Mortgagor will not suffer or permit any mechanics’, laborers’ or materialmen’s liens, or claims of lien, to be filed or otherwise asserted against or to remain on the Mortgaged Property for more than 30 days, and shall cause the same to be released and discharged, or transferred to bond as permitted by law prior to the expiration of the 30 day period. Mortgagor will pay, or cause to be paid, before they become delinquent, all taxes, assessments, water and sewer rents, license fees, dues, charges and levies of any kind, general or specific, imposed upon the Mortgaged Property or upon any part thereof or upon any interests of Mortgagor or Mortgagee therein and will furnish Mortgagee upon request evidence satisfactory to Mortgagee of the timely payment of same.
Liens and Taxes. Keep the assets and property of the Borrower free and clear of all Liens, subject only to Permitted Encumbrances, and pay and perform when due all other obligations secured by or constituting a Lien affecting any of the Collateral, except that Borrower shall not be required to pay or perform any such taxes, Lien claims or other obligations (x) for which Borrower has been fully indemnified, or (y) which are being actively contested in good faith by appropriate proceedings, provided that Borrower has established and maintains adequate accounting reserves for the payment or performance of such taxes, Lien claims or other obligations.
