Common use of Payment of Taxes and Property Impositions Clause in Contracts

Payment of Taxes and Property Impositions. Borrower has filed all federal, state, and local tax returns which it is required to file, prior to delinquency, and has paid, or made adequate provision for the payment of, all taxes which are shown pursuant to such returns or are required to be shown thereon or to assessments received by Borrower, including, without limitation, provider taxes. All such returns are complete and accurate in all material respects. Borrower has paid or made adequate provision for the payment of all applicable water and sewer charges, ground rents (if applicable) and Taxes (as defined in the Mortgage) with respect to the Land and/or the Improvements.

Appears in 4 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Loan Agreement (CNL Retirement Properties Inc)

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Payment of Taxes and Property Impositions. Borrower has filed all federal, state, and local tax returns which it is required to file, prior to delinquency, file and has paid, or made adequate provision for the payment of, all taxes which are shown pursuant to such returns or are required to be shown thereon or to assessments received by Borrower, including, without limitation, provider taxes. All such returns are complete and accurate in all material respects. Borrower has paid or made adequate provision for the payment of all applicable water and sewer charges, government assessments, ground rents (if applicable) and Taxes (as defined in the Mortgage) with respect to the Land and/or the ImprovementsProperty.

Appears in 4 contracts

Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)

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