Common use of Taxes Affecting Holders' Interest Clause in Contracts

Taxes Affecting Holders' Interest. Mortgagor will promptly pay all income, franchise and other taxes owing by Mortgagor and any stamp, documentary, recordation and transfer taxes or other taxes (unless such payment by Mortgagor is prohibited by law) which may be required to be paid with respect to this Mortgage or any instrument evidencing or securing any of the Obligations. In the event of the enactment after this date of any law of any governmental entity applicable to Collateral Agent, the Obligations, the Property or this Mortgage imposing upon Collateral Agent the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by Mortgagor, or changing in any way the laws relating to the taxation of deeds of trust or mortgages or security agreements or debts secured by deeds of trust or mortgages or security agreements or the interest of the mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to affect this Mortgage or the Obligations or Collateral Agent, then, and in any such event, Mortgagor, upon demand by Collateral Agent, shall pay such taxes, assessments, charges or liens, or reimburse Collateral Agent therefor.

Taxes Affecting Holders' Interest. Mortgagor Grantor will promptly pay all income, franchise and other taxes owing by Mortgagor Grantor and any stamp, documentary, recordation and transfer taxes or other taxes (unless such payment by Mortgagor Grantor is prohibited by law) which may be required to be paid with respect to this Mortgage Deed of Trust or any instrument evidencing or securing any of the Obligations. In the event of the enactment after this date of any law of any governmental entity applicable to Collateral AgentIndenture Trustee, the Obligations, the Property or this Mortgage Deed of Trust imposing upon Collateral Agent Indenture Trustee the payment of the whole or any part of the taxes or assessments or charges or liens herein required to be paid by MortgagorGrantor, or changing in any way the laws relating to the taxation of deeds of trust or mortgages or security agreements or debts secured by deeds of trust or mortgages or security agreements or the interest of the mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to affect this Mortgage Deed of Trust or the Obligations or Collateral AgentIndenture Trustee, then, and in any such event, MortgagorGrantor, upon demand by Collateral AgentIndenture Trustee, shall pay such taxes, assessments, charges or liens, or reimburse Collateral Agent Indenture Trustee therefor.