Payment of Taxes and Impositions, etc. (a) Borrower will pay and discharge, or will cause Tenant or Manager to pay and discharge, all Taxes and Impositions at the time and in the manner required by the Lease. Borrower will deliver, or will cause Tenant or Manager to deliver, to Lender, promptly upon Lender's request, receipts (or if receipts are not available, copies of cancelled checks evidencing payment with receipts to follow promptly after they become available) showing payment of Taxes and Impositions before the applicable delinquency date therefor. Borrower will not suffer and will pay within thirty (30) days of knowledge or will cause Tenant or Manager to pay within thirty (30) days of knowledge, and discharge any Lien which may be or become a Lien against the Mortgaged Property, subject to Borrower's contest rights under subsection 4.02(b) hereof.
Appears in 2 contracts
Samples: Loan Agreement (Maxxam Inc), Loan Agreement (Maxxam Group Holdings Inc)
Payment of Taxes and Impositions, etc. (a) Borrower will pay and discharge, or will cause Tenant or Manager to pay and discharge, all Taxes and Impositions at the time and in the manner required by the Lease. Borrower will deliver, or will cause Tenant or Manager to deliver, to Lender, promptly upon Lender's ’s request, receipts (or if receipts are not available, copies of cancelled checks evidencing payment with receipts to follow promptly after they become available) showing payment of Taxes and Impositions before the applicable delinquency date date. therefor. Borrower will not suffer and will pay within thirty (30) days of knowledge or will cause Tenant or Manager to pay within thirty (30) days of knowledge, and discharge any Lien which may be or become a Lien against the Mortgaged Property, subject to Borrower's ’s contest rights under under-subsection 4.02(b) hereof.
Appears in 2 contracts
Samples: Loan Agreement (Maxxam Inc), Loan Agreement (Maxxam Inc)