Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default as provided below unless Trustor either (1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
Appears in 3 contracts
Samples: Eaco Corp, Business Loan Agreement (Qad Inc), Husker Ag Processing LLC
Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same effect as an Event of DefaultDefault (as defined below), and Lender may exercise any or all of its available remedies for an Event of Default as provided below unless Trustor Grantor either (1a) pays the tax before it becomes delinquent, or (2b) contests the tax as provided above in the Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
Appears in 1 contract
Samples: Deed of Trust (Rockies Fund Inc)
Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same effect as an Event of DefaultDefault (as defined below), and Lender may exercise any or all of its available remedies for an Event of Default as provided below unless Trustor Grantor either (1a) pays the tax before it becomes delinquent, or (2b) contests the tax as provided above in the Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Healthtech International Inc)
Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Deed of Trust, this event shall have the same effect as an Event of Default, . and Lender may exercise any or all of its available remedies for an Event en Event: of Default as provided below unless Trustor either (1) pays the tax before it It becomes delinquent, or (2) contests the tax as provided above in the Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.. •
Appears in 1 contract
Samples: Netreit, Inc.
