Payment of Delinquent Taxes Sample Clauses

Payment of Delinquent Taxes. In the event either Party fails to pay any taxes that may become a lien upon the other Party’s property, such other Party may pay such amounts and in such event shall be entitled to recover such paid amount from the Party who failed to pay, together with interest thereon at the rate of one percent (1%) per month, compounded monthly.
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Payment of Delinquent Taxes. If Tenant is delinquent in the payment of any Taxes it is obligated to pay prior to delinquency, Landlord may, in its sole discretion, pay such delinquent amounts, including any interest or penalties due thereon, on behalf of Xxxxxx. To the extent that Xxxxxxxx has paid such amounts on behalf of Tenant, the aggregate amount thereof plus interest thereon at the Overdue Rate, from the date of Landlord’s payment thereof to the date of Tenant’s payment to Landlord, shall be immediately due and payable to Landlord by Tenant and shall constitute Additional Rent.
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Payment of Delinquent Taxes. Each Seller covenants and agrees that with respect to any real property taxes and tax assessments affecting the Mortgaged Property related to a First Lien Mortgage Loan sold to Purchaser under this Agreement, which are due and payable prior to or on the Cut-off Date but have not been paid on or prior to the Closing Date: (a) If the amount of such taxes and tax assessment due and payable prior to or on the Cut-off Date becomes known to the Seller or the Seller Representative at least one (1) Business Day prior to the Servicing Transfer Date and the related First Lien Mortgage Loan is not subject to a bankruptcy proceeding in connection with which the amount of such taxes and tax assessments may be included in a related bankruptcy payment plan, the Seller shall pay (or cause to be paid) such taxes and tax assessments on or prior to the Servicing Transfer Date; and (b) If the amount of such taxes and tax assessment due and payable prior to the Cut-off Date is not known to the Seller or the Seller Representative at least one (1) Business Day prior to the Servicing Transfer Date and the related First Lien Mortgage Loan is not subject to a bankruptcy proceeding in connection with which the amount of such taxes and tax assessments may be included in a related bankruptcy payment plan, the Seller shall pay (or cause to be paid) such taxes and tax assessments within thirty (30) Business Days of the later of (i) its receipt of notice from Purchaser of such amount (together with reasonable supporting information) and (ii) the Seller’s confirmation of the amount of such delinquent taxes and tax assessments; provided, that such notice shall have been received by the applicable Seller or the Seller Representative no later than ninety (90) days following the Servicing Transfer Date
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Payment of Delinquent Taxes. In the event either Party fails to pay any taxes that may become a lien upon the other Party’s property, such Party may pay such amounts and in such event shall be entitled to recover such paid amount from the other Party, together with interest thereon at the rate of one percent (1%) per month, compounded monthly; provided, however, that notwithstanding anything set forth in this Agreement to the contrary, Buyer shall in no event be required to pay interest hereunder in excess of the maximum amounts permitted under Applicable Law, and in the event that Seller should receive interest payments or fees hereunder in excess of such permissible amounts, any such excess shall be applied to principal due hereunder, and not to interest.
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Payment of Delinquent Taxes. In the event Lessee shall be delinquent in the payment of any taxes that it is obligated to pay prior to delinquency hereunder, Owner may, at its option, pay such delinquent amounts. If Owner has paid such delinquent amounts on behalf of Xxxxxx, the amount thereof plus interest thereon from the date of payment shall be repaid by Xxxxxx, and Xxxxxx shall pay said amount within twenty (20) days following written notice from Owner.
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Payment of Delinquent Taxes. 41 7.4 Responsibility for Filing Tax Returns...............................41 ii 7.5 Payment of Covered Taxes............................................41 7.6 Refunds and Tax Benefits............................................41
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Payment of Delinquent Taxes. Prior to the Closing, the Company and its Subsidiaries shall have paid all then delinquent and past due Taxes to the applicable Governmental Authority to which such Taxes are owed and shall have provided the Buyer with evidence of such payments.
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Related to Payment of Delinquent Taxes

  • Delinquent Payments 8F.01 Timely payment of wages and contributions to all trust funds provided for in this Agreement is essential for the protection of the beneficiaries. Delinquency and continued failure to pay wages and/or remit contributions to the trust funds shall be dealt with as follows: (i) The Union shall advise the employer in writing of any delinquency. (ii) If within seven (7) days of receipt of notification exclusive of Saturday, Sunday and Holidays, the employer has failed to pay delinquent contributions or the employer or their Construction Labour Relations Association has failed to request a meeting with the Union to provide for the payment of delinquent contributions, then the employer agrees that all contributions/deductions due and payable in accordance with this Agreement are in arrears and subject to an additional charge at the rate of ten percent (10%) on all contributions/deductions in arrears. This is not to be construed that the above charges relieve the employer of any further liabilities which may occur because of their failure to report any pay contributions/deductions as provided. (iii) Should the matter not be resolved at the above mentioned meeting, the Union may demand payment of wages and contributions at the end of each day or at the end of each week or upon seventy-two (72) hours notice to the employer, withdraw its' members from the delinquent employer without contravening the terms of this Agreement. (iv) Delinquent companies will be liable for all legal costs incurred in the recovery of contributions.

  • Delinquent Rent If not paid on the 1st, Rent shall be considered overdue and delinquent on the 2nd day of each calendar month. If Tenant fails to timely pay any month’s rent, Tenant will pay Landlord a late charge of $ per day until rent is paid in full. If Landlord receives the monthly rent by the 3rd day of the month, Landlord will waive the late charges for that month. Any waiver of late charges under this paragraph will not affect or diminish any other right or remedy Landlord may exercise for Tenant’s failure to timely pay rent.

  • Payment Taxes As full consideration for the Products and Services, and the assignment of rights to Buyer as provided herein, Buyer shall pay Seller (i) the amount agreed upon and specified in the Order, or (ii) Seller's quoted price on date of shipment (for Products), or the date Services were started (for Services), whichever is lower. Payment shall not constitute acceptance. Each invoice submitted by Seller shall be provided to Buyer within ninety (90) days of completion of the Services or delivery of Products, and shall reference the Order. Buyer reserves the right to return all incorrect invoices. Buyer shall receive a 2% discount of the invoiced amount for all invoices that are submitted more than ninety (90) days after completion of the Services or delivery of the Products. Buyer shall pay the invoiced amount within sixty (60) days after receipt of a correct invoice. Prices shall include, and Seller shall be liable for and pay, all taxes imposed on or measured by this Order, except for applicable sales and use taxes that are separately stated on Seller’s invoice. Prices shall not include any taxes for which Buyer has furnished evidence of exemption. Where required by law, Buyer may deduct from any payments due to Seller hereunder such taxes as Buyer shall be required to withhold and pay such taxes to the relevant tax authorities.

  • Payment of Debts, Taxes, Etc The Company shall pay, or cause to be paid, all of its indebtedness and other liabilities and perform, or cause to be performed, all of its obligations in accordance with the respective terms thereof, and pay and discharge, or cause to be paid or discharged, all taxes, assessments and other governmental charges and levies imposed upon it, upon any of its assets and properties on or before the last day on which the same may be paid without penalty, as well as pay all other lawful claims (whether for services, labor, materials, supplies or otherwise) as and when due

  • Tax Delinquency Contractor must provide notice to the JBE immediately if Contractor has reason to believe it may be placed on either (i) the California Franchise Tax Board’s list of 500 largest state income tax delinquencies, or (ii) the California Board of Equalization’s list of 500 largest delinquent sales and use tax accounts. The JBE may terminate this Agreement immediately “for cause” pursuant to Section 7.2 below if (i) Contractor fails to provide the notice required above, or (ii) Contractor is included on either list mentioned above.

  • Mortgage Taxes Borrower shall pay all taxes, charges, filing, registration and recording fees, excises and levies payable with respect to the Note or the Liens created or secured by the Loan Documents, other than income, franchise and doing business taxes imposed on Lender.

  • Delinquent For reporting purposes, a Mortgage Loan is “delinquent” when any payment contractually due thereon has not been made by the close of business on the Due Date therefor. Such Mortgage Loan is “30 days Delinquent” if such payment has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such payment was first due, or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month), then on the last day of such immediately succeeding month. Similarly for “60 days Delinquent” and the second immediately succeeding month and “90 days Delinquent” and the third immediately succeeding month.

  • TAXES & ASSESSMENTS The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of closing the tax bill for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based on the last tax bill available to the closing agent. The succeeding year’s tax bill, because of recently constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax bill available to the closing agent.

  • Payment of Taxes and Assessments The lessee shall pay prior to delinquency all taxes and assessments accruing against the leasehold.

  • Delinquent Accounts Collections: In the event GROUP’s account becomes delinquent, SHOP shall undertake collections per State Accounting Manual (XXX) Section 8776.6 (non-employee accounts receivable).

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