Common use of Payment of Property Charges Clause in Contracts

Payment of Property Charges. Unless and to the extent contested by the Mortgagor in accordance with the provisions of the Credit Agreement, the Mortgagor shall pay and discharge, or cause to be paid and discharged, from time to time prior to same becoming delinquent, all Property Charges. The Mortgagor shall, upon the Mortgagee’s request, deliver to the Mortgagee receipts evidencing the payment of all such Property Charges.

Appears in 4 contracts

Samples: Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.), Security Agreement (Novelis South America Holdings LLC)

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Payment of Property Charges. Unless and to the extent contested by the Mortgagor in accordance with the provisions of the Credit Agreement, the Mortgagor shall pay and discharge, or cause to be paid and discharged, from time to time prior to same becoming delinquent, all Property Charges. The Mortgagor shall, upon the Mortgagee’s request, deliver to the Mortgagee receipts evidencing the payment of all such Property Charges.. 967770.02F-CHISR01A - MSW

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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