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 Loan Agreement, Xxxxxxxxx agrees that , if the United States or any department, agency or bureau thereof at of the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to 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 Premises for upon Mortgagee by reason of or as holder of any of the foregoing then, Xxxxxxxxx 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. Xxxxxxxxx agrees to exhibit to mortgagee, within thirty (30) days upon request and after same are due and payable, official receipts showing payment of all taxes, assessments and charges which Xxxxxxxxx is required to pay hereunder. Xxxxxxxxx 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 obligations and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Security Agreement

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Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Loan Agreement, Xxxxxxxxx Mortgagor agrees that that, if the United States or any department, agency or bureau thereof at of or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to the 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 Mortgagee in the Premises for or upon Mortgagee by reason of or as holder of any of the foregoing then, Xxxxxxxxx Mortgagor shall pay for such documentary stamps in the required amount and deliver them to mortgagee Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Xxxxxxxxx Mortgagor agrees to exhibit to mortgageeMortgagee, within thirty (30) days at any time upon request and after same are due and payablerequest, official receipts showing payment of all taxes, assessments and charges which Xxxxxxxxx Mortgagor is required or elects to pay hereunderunder this paragraph. Xxxxxxxxx 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 obligations Obligations and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Indenture (Meritage Hospitality Group Inc /Mi/)

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Loan Agreement, Xxxxxxxxx Mortgagor agrees that , if the United States or any department, agency or bureau thereof at of the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to 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 Premises for upon Mortgagee by reason of or as holder of any of the foregoing then, Xxxxxxxxx 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. Xxxxxxxxx Mortgagor agrees to exhibit to mortgagee, within thirty (30) days upon request and after same are due and payable, official receipts showing payment of all taxes, assessments and charges which Xxxxxxxxx Mortgagor is required to pay hereunder. Xxxxxxxxx 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 obligations and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Security Agreement

Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Loan Agreement, Xxxxxxxxx Mortgagor agrees that that, if the United States or any department, agency or bureau thereof at of or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to the 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 Mortgagee in the Premises for or upon Mortgagee by reason of or as holder of any of the foregoing then, Xxxxxxxxx Mortgagor shall pay for such documentary stamps in the required amount and deliver them to mortgagee Mortgagee or pay (or reimburse Mortgagee for) such taxes, assessments or impositions. Xxxxxxxxx Mortgagor agrees to exhibit to mortgageeMortgagee, within thirty (30) days at any time upon request and after same are due and payablerequest, official receipts showing payment of all taxes, assessments and charges which Xxxxxxxxx Mortgagor is required or elects to pay hereunderunder this paragraph. Xxxxxxxxx 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 obligations Liabilities and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Cerion Technologies Inc)

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Payment of Taxes on the Mortgage. Without limiting any of the provisions of the Loan Agreement, Xxxxxxxxx Mortgagor agrees that that, if the government of the United States or any department, agency or bureau thereof at of or if the State or any of its subdivisions having jurisdiction shall at any time require documentary stamps to be affixed to the this Mortgage or shall levy, assess, or charge any tax, assessment assessment, imposition or imposition other charge upon this Mortgage or the credit or indebtedness secured hereby or the interest of mortgagee any Secured Party in the Premises for or upon Mortgagee any Secured Party by reason of or as holder of any of the foregoing then, Xxxxxxxxx Mortgagor shall pay for such documentary stamps in the required amount and deliver them to mortgagee the Collateral Agent or pay (or reimburse Mortgagee the Collateral Agent for) such taxes, assessments assessments, impositions or impositionsother charges. Xxxxxxxxx Mortgagor agrees to exhibit to mortgageethe Collateral Agent, within thirty (30) days at any time upon request and after same are due and payablerequest, official receipts showing payment of all taxes, assessments assessments, impositions and other charges which Xxxxxxxxx Mortgagor is required or elects to pay hereunderunder this paragraph. Xxxxxxxxx Mortgagor agrees to indemnify Mortgagee each Secured Party against liability on account of such documentary stamps, taxes, assessments assessments, impositions or impositions, other charges whether such liability arises before or after payment of the obligations Obligations Secured and regardless of whether this Mortgage shall have been released.

Appears in 1 contract

Samples: Ironton Iron Inc

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