Common use of Payment of Impositions and Claims Clause in Contracts

Payment of Impositions and Claims. (A) Subject to Borrowers’ contest rights set forth in subsection (B) below, Borrowers will pay when due (i) all Impositions; (ii) all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets (hereinafter referred to as the “Claims”); and (iii) all federal, state and local income taxes, sales taxes, excise taxes and all other taxes and assessments of each Borrower on its business, income or assets; in each instance before any penalty or fine is incurred with respect thereto.

Payment of Impositions and Claims. (A) Subject to Borrowers’ Borrower’s contest rights set forth in subsection (B) below, Borrowers Borrower will pay when due (i) all Impositions; (ii) all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets (hereinafter referred to as the “Claims”); and (iii) all federal, state and local income taxes, sales taxes, excise taxes and all other taxes and assessments of each Borrower on its business, income or assets; in each instance before any penalty or fine is incurred with respect thereto.

Payment of Impositions and Claims. (A) Subject to Borrowers’ each Borrower's contest rights set forth in subsection (B) below, the Borrowers will pay when due (i) all ImpositionsImpositions with respect to the Properties; (ii) all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties Property or assets (hereinafter referred to as the “"Claims”"); and (iii) all federal, state and local income taxes, sales taxes, excise taxes and all other taxes and assessments of each Borrower the Borrowers on its their business, income or assets; in each instance before any penalty or fine is incurred with respect thereto.

Payment of Impositions and Claims. (A) Subject to Borrowers’ Borrower's contest rights set forth in subsection (B) below, Borrowers Borrower will pay when due (i) all Impositions; (ii) all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets (hereinafter referred to as the “"Claims”"); and (iii) all federal, state and local income taxes, sales taxes, excise taxes and all other taxes and assessments of each Borrower on its business, income or assets; in each instance before any penalty or fine is incurred with respect thereto.

Payment of Impositions and Claims. (A) Subject to Borrowers’ ' contest rights set forth in subsection (B) below, Borrowers will pay when due (i) all Impositions; (ii) all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets (hereinafter referred to as the “"Claims”"); and (iii) all federal, state and local income taxes, sales taxes, excise taxes and all other taxes and assessments of each Borrower Borrowers on its business, income or assets; in each instance before any penalty or fine is incurred with respect thereto.