Common use of Payment of Taxes on the Mortgage Clause in Contracts

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property or upon Mortgagee by reason of or as holder of any of the foregoing, including, without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Mortgagor agrees to provide to Mortgagee, within ten (10) business days after any such taxes, assessments or impositions become due and payable, and at any other times upon request from Mortgagee, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunder. Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 3 contracts

Samples: Contribution Deferral Agreement, Contribution Deferral Agreement (YRC Worldwide Inc.), Joinder Agreement (Yrc Worldwide Inc)

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Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Credit Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, foregoing then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Mortgagor agrees to provide exhibit to Mortgagee, within ten (10) business days after any such taxes, assessments or impositions become due and payable, and at any other times time upon request from Mortgageerequest, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunderis required or elects to pay under this paragraph. Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 3 contracts

Samples: Credit Agreement (Aavid Thermal Technologies Inc), Mortgage, Security Agreement (Gfsi Inc), Mortgage, Security Agreement (Gfsi Inc)

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Credit Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, including without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Mortgagor agrees to provide to Mortgagee, within ten fifteen (1015) business days after any such taxes, assessments or impositions become due and payable, and at any other times upon request from Mortgagee, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunderhereunder (which payments shall be made by Mortgagor in accordance with the terms of the Credit Agreement). Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 3 contracts

Samples: Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc)

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral AgreementIndenture or the other Secured Note Documents, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness Secured Obligations secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, including without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, like (i) Mortgagor shall (x) pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) any such taxes, assessments or impositions. Mortgagor agrees impositions at or prior to the time they become due and payable and (y) provide to Mortgagee, within ten (10) business days Business Days after any such taxes, assessments or impositions become due and payable, and at any other times upon request from Mortgagee, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunder. , and (ii) Mortgagor shall and hereby agrees to indemnify Mortgagee each of the Indemnitees (as hereinafter defined) against liability any Losses (as hereinafter defined) suffered by such Indemnitees on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities Secured Obligations and regardless of whether this Mortgage shall have been released. The indemnification obligations set forth in this Section shall survive the expiration, termination or release of this Mortgage.

Appears in 2 contracts

Samples: Indenture (CBL & Associates Limited Partnership), Indenture (CBL & Associates Limited Partnership)

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Credit Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition (other than regular income tax applicable to Mortgagee) upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, including without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Mortgagor agrees to provide to Mortgagee, within ten (10) business days after any such taxes, assessments or impositions become due and payable, and at any other times upon request from Mortgagee, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunderhereunder (which payments shall be made by Mortgagor in accordance with the Credit Agreement). Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: American Medical Systems Holdings Inc

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Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Credit Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this the Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Mortgagor agrees to provide exhibit to Mortgagee, within ten (10) business days after any such taxes, assessments or impositions become due and payable, at least annually and at any other times time upon request from Mortgageerequest, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays is required or elects to pay hereunder. Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Sybron Dental Specialties Inc

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral AgreementIndenture or the other Secured Note Documents, Mortgagor Xxxxxxxxx agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness Secured Obligations secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee by reason of or as holder of any of the foregoing, including, including without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, like (i) Mortgagor shall (x) pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee for) any such taxes, assessments or impositions. Mortgagor agrees impositions at or prior to the time they become due and payable and (y) provide to Mortgagee, within ten (10) business days Business Days after any such taxes, assessments or impositions become due and payable, and at any other times upon request from Mortgagee, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor Xxxxxxxxx pays hereunder. Mortgagor , and (ii) Xxxxxxxxx shall and hereby agrees to indemnify Mortgagee each of the Indemnitees (as hereinafter defined) against liability any Losses (as hereinafter defined) suffered by such Indemnitees on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities Secured Obligations and regardless of whether this Mortgage shall have been released. The indemnification obligations set forth in this Section shall survive the expiration, termination or release of this Mortgage.

Appears in 1 contract

Samples: Indenture (CBL & Associates Limited Partnership)

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Deferral Credit Agreement, Mortgagor agrees that, if the United States or any department, agency or bureau thereof or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to this Mortgage or shall levy, assess, or charge any tax, assessment or imposition upon this Mortgage or the credit or indebtedness secured hereby or the interest of Mortgagee in the Mortgaged Property Premises or upon Mortgagee or the Lenders by reason of or as holder of any of the foregoing, including, without limitation, any tax, interest or penalty arising in connection with the recordation of this Mortgage or the imposition of documentary stamps or taxes, intangibles taxes or the like, including those required to be paid because of future advances or financial accommodations or an increase in the amount of the Liabilities secured hereby, then, Mortgagor shall pay for such documentary stamps in the required amount and deliver them to Mortgagee or pay (or reimburse Mortgagee or the Lenders for) such taxes, assessments or impositions. Mortgagor agrees to provide exhibit to Mortgagee, within ten (10) business days after any such taxes, assessments or impositions become due and payable, and at any other times time upon request from Mortgageerequest, copies of official receipts showing payment of all such taxes, assessments and charges which Mortgagor pays hereunderis required or elects to pay under this paragraph. Mortgagor agrees to indemnify Mortgagee against liability on account of such documentary stamps, taxes, assessments or impositions, whether such liability arises before or after payment of the Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Sybron Dental Specialties Inc)

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