Pay All Taxes. The Borrower agrees to duly pay and discharge all taxes, assessments and governmental charges upon it or against its properties prior to the date on which penalties are attached except that the Borrower will not be required to pay any such tax, assessment or governmental charge which is being contested by it in good faith and by appropriate proceedings.
Appears in 10 contracts
Samples: Loan Agreement, Security Agreement, Loan Agreement
Pay All Taxes. The Borrower agrees to duly pay and discharge all taxes, assessments assessments, and governmental charges upon it or against its properties properties, including the collateral for this Loan, prior to the date on which the penalties are attached attach thereto, except that the Borrower will shall not be required to pay any such tax, assessment assessment, or governmental charge which is being contested by it in good faith and by appropriate proceedings.
Appears in 1 contract
Pay All Taxes. The Borrower agrees to duly pay and discharge all real and personal property taxes, assessments assessments, and governmental charges upon it or against its properties prior to the date on which the penalties are attached thereto, except that the Borrower will shall not be required to pay any such tax, assessment assessment, or governmental charge which is being contested by it in good faith and by appropriate proceedings.
Appears in 1 contract
Samples: Loan Agreement (Lynch Corp)
