Common use of Payments of Taxes and Other Charges Clause in Contracts

Payments of Taxes and Other Charges. Pay and discharge when due all taxes, assessments, charges, levies and other liabilities imposed upon Borrowers, their income, profits, properties or business, except those which currently are being contested in good faith by appropriate proceedings and for which Borrowers shall have set aside adequate reserves or made other adequate provisions acceptable to Lender in its sole discretion.

Payments of Taxes and Other Charges. Pay and discharge when ----------------------------------- due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon BorrowersBorrower, their its income, profits, properties or business, except those which currently are being contested in good faith by appropriate proceedings and for which Borrowers Borrower shall have set aside adequate reserves or made other adequate provisions acceptable to Lender in its sole discretion.