Payment of Lawful Charges. The Corporation shall pay all taxes and assessments or other municipal or governmental charges, if any, lawfully levied or assessed upon the Trust Estate, when the same shall become due. Except as otherwise expressly permitted hereby, the Corporation shall not create or suffer to be created any lien or charge upon the Trust Estate, except the pledge and lien created or permitted hereby.
Payment of Lawful Charges. The Authority further covenants that, from the Authority Revenues, it will pay all municipal or other governmental charges lawfully levied or assessed upon the Systems or any part thereof or upon any Authority Revenues when the same shall become due, that it will not create or suffer to be created any lien or charge upon the Systems or any part thereof or upon the Authority Revenues ranking equally with or prior to the Indebtedness, except to the extent and in the manner otherwise permitted in this Agreement, and that, from the Authority Revenues, it will pay or cause to be discharged, or will make adequate provision to satisfy and discharge, within sixty (60) days after the same shall accrue, all lawful claims and demands for labor, materials, supplies or other objects which, if unpaid might by law become a lien upon the Systems or any part thereof or the Authority Revenues; provided, however, that nothing contained in this Section shall require (i) the Authority to pay or cause to be discharged, or make provision for, any such lien or charge so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings or (ii) Authority Revenues received from the Commonwealth of Puerto Rico on account of Commonwealth Guaranteed Indebtedness or Commonwealth Supported Obligations to be used for any purpose other than those specified in Section 5.12 hereof.
Payment of Lawful Charges. SANDAG shall pay or cause to be discharged, or will make adequate provision to satisfy and discharge, all judgments and court orders, and all lawful claims and demands for labor, materials, supplies or other objects which, if unsatisfied or unpaid, might by law become a lien upon the Grant Receipts; provided, however, that nothing in this Section contained shall require SANDAG to pay or cause to be discharged, or make provision for, any such lien or charge, so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings.
Payment of Lawful Charges. The Cotporation shall pay or take all legally available action to cause the City to pay all taxes and assessments or other municipal or governmental charges, if any, lawfully levied or assessed upon the Trust Estate, when the same shall become due. Except as otherwise expressly pennitted hereby, the Cotporation shall not create or suffer to be created any lien or charge upon the Trust Estate, except the pledge and lien created or permitted hereby.
Payment of Lawful Charges. (A) The Subsidiary shall pay or cause to be paid, to the extent not paid by the Authority, all taxes and assessments or other municipal or governmental charges, if any, and all PILOTs to the extent not paid by the Authority, lawfully levied or assessed upon or in respect of the System, or upon any part thereof or upon the Revenues, when the same shall become due, and shall duly observe and comply in all material respects with all valid requirements of any municipal or governmental authority relative to any part of the System, and shall not create or suffer to be created any lien or charge upon the System or any part thereof or upon the Revenues therefrom, except the pledge and lien created hereby and by the Resolution for the payment of the principal and redemption price of and interest on, and other payments under, Authority Obligations. The Subsidiary shall pay or cause to be discharged, or will make adequate provision to satisfy and discharge, within sixty (60) days after the same shall accrue, all lawful claims and demands for labor, materials, supplies or other objects which, if unpaid, might by law become a lien upon the System or any part thereof or the Revenues therefrom; provided, however, that nothing contained in this Section shall require the Subsidiary to pay or cause to be discharged, or make provision for, any such tax, assessment, lien or charge, or any PILOTs so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings. The Subsidiary may elect to pay any such tax, assessment or other municipal or governmental charges in such installments and over such period of time as may be allowed by the appropriate governmental agencies.
Payment of Lawful Charges. The Borrower shall make timely payment of all taxes and assessments and other municipal or governmental charges and all claims and demands for work, labor, services, materials or other objects which, if unpaid, might by law become a lien on the Mortgaged Property or any part thereof; but it shall not be a breach of this subsection if the Borrower fails to pay any such item during any period in which the Borrower is diligently and in good faith contesting the validity thereof, provided that the laws applicable to contesting its validity do not require payment thereof and proceedings for a refund, that the security created or intended to be created hereby is not, in the opinion of the Bondowner, unreasonably jeopardized thereby, and that the Borrower has posted a bond in the amount of the disputed sum, if so required by applicable law.
