Common use of Payment of Taxes and Rates Clause in Contracts

Payment of Taxes and Rates. The Borrower will duly pay and discharge all rents, rates, taxes assessments and governmental charges from time to time levied upon the Borrower against any of the Borrower’s properties, businesses and operations prior to the date on which penalties become attached thereto, unless and to the extent only that the same shall be contested in good faith and by appropriate proceedings;