Common use of Payment of Taxes; Removal of Liens; Related Obligations Clause in Contracts

Payment of Taxes; Removal of Liens; Related Obligations. (a) the Agency shall pay (i) all Indebtedness and obligations of the Agency in accordance with the terms thereof and (ii) all assessments or other governmental charges as the same respectively become due, all taxes and payments in lieu of taxes, assessments (general or special) and governmental charges of any kind whatsoever that may be at any time lawfully assessed or levied against or with respect to the Agency or its Property or any interest therein and discharge or cause to be discharged all Liens, other than Permitted Liens, subject in each case to the right of the Agency to contest the same as Matters Contested in Good Faith.

Appears in 3 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement

AutoNDA by SimpleDocs

Payment of Taxes; Removal of Liens; Related Obligations. (a) the The Agency shall pay (i) all Indebtedness and obligations of the Agency in accordance with the terms thereof and (ii) all assessments or other governmental charges as the same respectively become due, all taxes and payments in lieu of taxes, assessments (general or special) and governmental charges of any kind whatsoever that may be at any time lawfully assessed or levied against or with respect to the Agency or its Property or any interest therein and discharge or cause to be discharged all Liens, other than Permitted Liens, subject in each case to the right of the Agency to contest the same as Matters Contested in Good Faith.

Appears in 1 contract

Samples: Continuing Covenant Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.