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 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.

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 other Party may pay such amounts and in such event shall be entitled to recover such paid amount from the other Party who failed to pay, 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.]

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 payother 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 other Party may pay such amounts and in such event shall be entitled to recover such paid amount from the Party who failed to payother Party, together with interest thereon at the rate of one percent (1%) per month, compounded monthly.