Common use of Payment of Impositions and Utility Charges Clause in Contracts

Payment of Impositions and Utility Charges. Pay all Impositions while the same may be paid without fine, penalty, interest or additional cost, unless the same shall be contested in good faith and by appropriate proceedings by Grantor in the manner permitted by the Loan Agreement. Any Impositions which are payable in installments may be paid in installments provided that Grantee is otherwise in compliance with the Loan Agreement. Upon the written request of Grantee from time to time, Grantor will furnish to Grantee official receipts or other satisfactory proof evidencing such payments. In addition, Grantor will pay all utility charges as required by the Loan Agreement. Grantor shall not be entitled to any credit on the Indebtedness, by reason of the payment of any Imposition or utility charges or any part thereof.

Payment of Impositions and Utility Charges. Pay all Impositions while the same may be paid without fine, penalty, interest or additional cost, unless the same shall be contested in good faith and by appropriate proceedings by Grantor in the manner permitted by the Loan Agreement. Any Impositions which are payable in installments may be paid in installments provided that Grantee is otherwise in compliance with the Loan Agreement. Upon the written request of Grantee from Granxxx xxxm time to time, Grantor will furnish to Grantee official receipts or other satisfactory proof evidencing such payments. In addition, Grantor will pay all utility charges as required by the Loan Agreement. Grantor shall not be entitled to any credit on the Indebtedness, by reason of the payment of any Imposition or utility charges or any part thereof.