Common use of Payment of Delinquent Taxes Clause in Contracts

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.

Payment of Delinquent Taxes. In the event either Party fails to pay any taxes that may become a lien upon the other Party’s '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.

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 other PartyParty who failed to pay, together with interest thereon at the rate of one percent (1%) per month, compounded monthly.

Payment of Delinquent Taxes. In the event either Party fails to pay any taxes that may become a lien upon the other PartyParty ’s property, such Party may pay such amounts and in such event shall be entitled to recover such paid amount from the other PartyParty , together with interest thereon at the rate of one percent (1%) per month, compounded monthly. [(11e) Both parties have the right to pay taxes assessed against the other party if failure to pay the tax would cause a negative consequence. The paying party will be reimbursed with interest.]