Payments of Taxes and Insurance Sample Clauses
The Payments of Taxes and Insurance clause requires one party, typically the borrower or tenant, to ensure that all property taxes and insurance premiums related to the property are paid in a timely manner. In practice, this may involve the party making direct payments to tax authorities and insurance providers, or depositing funds into an escrow account managed by the lender or landlord for these purposes. This clause serves to protect the interests of the property owner or lender by ensuring that the property remains free of tax liens and is adequately insured against potential risks.
Payments of Taxes and Insurance. If Pledgor fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Pledgor on the Collateral, Holder may, in its discretion and without prior notice to Pledgor, make any such payment. Any payments made by Holder under this paragraph shall not constitute (i) an agreement by Holder to make similar payments in the future, or (ii) a waiver by Holder of any Event of Default under this Agreement. Holder need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of the notice for the payment thereof shall be conclusive evidence that the same was validly due and owing.
Payments of Taxes and Insurance. If Debtor fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Debtor on the Collateral, Secured Party may in its discretion, upon reasonable prior notice to Debtor make any such payment reasonably determined by Secured Party to be due and owing. Any payments made by Secured Party under this Subsection 5.4 shall not constitute (i) an agreement by Secured Party to make similar payments in the future, or (ii) a waiver by Secured Party of any Event of Default under this Agreement. Secured Party need not inquire as to, or contest the validity of, any such expenses, tax security interest, encumbrance or lien, and the receipt of the notice for the payment thereof shall be conclusive evidence that the same was validly due and owing. Debtor agrees to pay Secured Party, on demand, each payment made by Secured Party under this Subsection 5.4 together with a late fee, if any, provided in the TSA.
Payments of Taxes and Insurance. If Company fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Company on the Collateral, Holder may in its discretion, and without prior notice to Company, make any such payment. Any payments made by Holder under this paragraph shall not constitute (i) an agreement by Holder to make similar payments in the future, or (ii) a waiver by Holder of any Event of Default under this Agreement. Holder need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of the notice for the payment thereof shall be conclusive evidence that the same was validly due and owing.
Payments of Taxes and Insurance. If Debtor fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Debtor on the Collateral, Secured Party may in its discretion, and without prior notice to Debtor make any such payment. Any payments made by Secured Party under this paragraph shall not constitute (i) an agreement by Secured Party to make similar payments in the future; or (ii) a waiver by Secured Party of any Event of Default under this Agreement. Secured Party need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of the notice for the payment thereof shall be conclusive evidence that the same was validly due and owing. Debtor agrees to pay Secured Party, on demand, each payment made by Secured Party under this paragraph together with a late fee, if any, provided in the Service Agreement.
Payments of Taxes and Insurance. If Pledgor fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Pledgor on the Collateral, Collateral Agent may, in his discretion and without prior notice to Pledgor, make any such payment. Any payments made by Collateral Agent under this paragraph shall not constitute (i) an agreement by Collateral Agent to make similar payments in the future, or (ii) a waiver by Collateral Agent of any Event of Default under this Agreement. Collateral Agent need not inquire as to, or contest the validity of, any such expense, tax, security interest, encumbrance or lien, and the receipt of the notice for the payment thereof shall be conclusive evidence that the same was validly due and owing.
Payments of Taxes and Insurance. If Debtor fails to pay any taxes, assessments, insurance premiums, or other amounts due to third parties as required by Debtor on the Collateral, Secured Party may in its discretion, and without prior notice to Debtor make any such payment. Any