Common use of Right of Agency to Pay Taxes, Insurance Premiums and Other Charges Clause in Contracts

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine percent (9%) per annum.

Appears in 1 contract

Samples: Leaseback Agreement (Monro Muffler Brake Inc)

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Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall shall, on demand, reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine twelve percent (912%) per annum. 4.1.

Appears in 1 contract

Samples: Leaseback Agreement

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine six percent (96%) per annum.

Appears in 1 contract

Samples: Lease Agreement (CVC Inc)

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental govermnental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall shall, on demand, reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine twelve percent (912%) per annum.

Appears in 1 contract

Samples: Leaseback Agreement

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall shall, on demand, reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine twelve percent (912%) per annum.

Appears in 1 contract

Samples: Leaseback Agreement

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Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine twelve percent (912%) per annum.

Appears in 1 contract

Samples: Leaseback Agreement

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by and not otherwise contested under Section 3.3 hereof hereof, or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall reimburse the Agency (within fifteen (15) days of written demand therefor) for any amount so paid together with interest thereon from the date of payment at nine percent (9%) per annum.

Appears in 1 contract

Samples: Payment in Lieu of Tax Agreement

Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. If the Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax, assessment or other governmental charge or the premium for such insurance. The Company shall shall, on demand, reimburse the Agency for 60310-016v8 any amount so paid together with interest thereon from the date of payment at nine twelve percent (912%) per annum.. 60310-016v8

Appears in 1 contract

Samples: Leaseback Agreement

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