Common use of Liens, Taxes, Other Governmental Charges and Utility Charges Clause in Contracts

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall keep the Equipment free of all levies, liens, and encumbrances except those created by this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and that the Equipment will therefore be exempt from all property taxes. If the use, possession or acquisition of any Equipment is nevertheless determined to be subject to taxation, Lessee shall pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such Equipment. Lessee shall pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall pay such taxes or charges as the same may become due; provided that, with respect to any such taxes or charges that may lawfully be paid in installments over a period of years, Lessee shall be obligated to pay only such installments as accrue during the Lease Term.

Appears in 6 contracts

Samples: Equipment Lease/Purchase Agreement, Equipment Lease/Purchase Agreement, Equipment Lease/Purchase Agreement

AutoNDA by SimpleDocs

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall will keep the Equipment free and clear of all levies, liens, charges and encumbrances encumbrances, except those created by under this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and and, therefore, that the Equipment will therefore be exempt from all property taxestaxes and other similar charges. If the use, possession or acquisition of any the Equipment is nevertheless determined found to be subject to taxationtaxation in any form, Lessee shall will pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such the Equipment. Lessee shall will pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall will pay such taxes or and charges as the same may become due; provided that, with respect to any such taxes or and charges that may lawfully be paid in installments over a period of years, Lessee shall will be obligated to pay only such installments as that accrue during the Lease Term.

Appears in 3 contracts

Samples: Equipment Lease Purchase Agreement, Equipment Lease Purchase Agreement, Equipment Lease Purchase Agreement

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall keep the Equipment free of all levies, liens, and encumbrances except those created by this Agreementeach Lease. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and that the Equipment will therefore be exempt from all property taxes. If the use, possession or acquisition of any Equipment is nevertheless determined to be subject to taxation, Lessee shall pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such Equipment. Lessee shall pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall pay such taxes or charges as the same may become due; provided that, with respect to any such taxes or charges that may lawfully be paid in installments over a period of years, Lessee shall be obligated to pay only such installments as accrue during the each Lease Term.

Appears in 1 contract

Samples: Master Equipment Lease/Purchase Agreement

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall will keep the Equipment free and clear of all levies, liens, charges and encumbrances encumbrances, except those created by under this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and and, therefore, that the Equipment will therefore be exempt from all property taxes. If the use, possession or acquisition of any the Equipment is nevertheless determined found to be subject to taxationtaxation in any form, Lessee shall will pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such the Equipment. Lessee shall will pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall will pay such taxes or and charges as the same may become due; provided that, with respect to any such taxes or and charges that may lawfully be paid in installments over a period of years, Lessee shall will be obligated to pay only such installments as that accrue during the Lease Term.

Appears in 1 contract

Samples: Equipment Lease Purchase Agreement

AutoNDA by SimpleDocs

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall keep the Equipment free of all levies, liens, and encumbrances except those created by this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and that the Equipment will therefore be exempt from all property taxes. If the use, possession or acquisition of any Equipment is nevertheless determined to be subject to taxation, Lessee shall pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such Equipment. Lessee shall pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall pay such taxes or charges as the same may become due; provided that, with respect to any such taxes or charges that may lawfully be paid in installments over a period of years, Lessee shall be obligated to pay only such installments as accrue during the Lease Term. During the Lease Term, Lessor will not claim ownership of the Equipment for the purposes of any tax credits, benefits or deductions with respect to the Equipment.

Appears in 1 contract

Samples: Equipment Lease/Purchase Agreement

Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee shall keep the Equipment free of all levies, liens, charges and encumbrances except those created by this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and and, therefore, that the Equipment will therefore be exempt from all property taxes. If the use, possession or acquisition of any the Equipment is nevertheless determined to be subject to taxation, Lessee shall pay when due all taxes and governmental charges lawfully assessed or levied against or with respect to such the Equipment. Lessee shall pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee shall pay such taxes or charges as the same may become due; provided that, with respect to any such taxes or charges that may lawfully be paid in installments over a period of years, Lessee shall be obligated to pay only such installments as accrue during the Lease Term.

Appears in 1 contract

Samples: Master Equipment Lease Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!