Common use of No Credit for Taxes Paid Clause in Contracts

No Credit for Taxes Paid. The Mortgagor shall not be entitled to any credit against payments due hereunder by reason of the payment of any taxes, assessments, water or sewer rent or other governmental charges levied against the Mortgaged Property.

Appears in 5 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc), Note Agreement (Guilford Mills Inc), Mortgage, Security Agreement and Fixture Filing (Oneida LTD)

AutoNDA by SimpleDocs

No Credit for Taxes Paid. The Mortgagor shall not be entitled to any credit against payments due hereunder by reason of the payment of any taxes, assessments, water or sewer rent or other governmental charges levied against inst the Mortgaged PropertyPremises.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Suprema Specialties Inc), Mortgage (Suprema Specialties Inc)

No Credit for Taxes Paid. The Mortgagor shall not be entitled ------------------------ to any credit against payments due hereunder by reason of the payment of any taxes, assessments, water or sewer rent or other governmental charges levied against the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Assignment of Rents (Ventas Inc)

AutoNDA by SimpleDocs

No Credit for Taxes Paid. The Mortgagor shall not be entitled to any credit against payments due hereunder by reason of the payment of any taxes, assessments, water or sewer rent rent, or other governmental charges levied against the Mortgaged PropertyPremises.

Appears in 1 contract

Samples: Mortgage and Absolute Assignment of Leases and Rents (NeoStem, Inc.)

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