Taxes and Governmental Charges. The Shipowner shall pay and discharge, or cause to be paid and discharged, on or before the same shall become delinquent, all taxes, assessments, government charges, fines and penalties lawfully imposed upon each Vessel, unless the same are being contested in good faith.
Appears in 8 contracts
Samples: Security Agreement, Security Agreement (American Classic Voyages Co), Security Agreement (K-Sea Tranportation Partners Lp)
Taxes and Governmental Charges. The Shipowner shall pay and discharge, or cause to be paid and discharged, on or before the same shall become delinquent, all taxes, assessments, government charges, fines and penalties lawfully imposed upon each the Vessel, unless the same are being contested in good faith.
Appears in 2 contracts
Samples: Security Agreement (Pride International Inc), Security Agreement (Pride International Inc)
Taxes and Governmental Charges. The Shipowner Shipowner’s shall pay and discharge, or cause to be paid and discharged, on or before the same shall become delinquent, all taxes, assessments, government charges, fines tines and penalties lawfully imposed upon each Vessel, unless the same are being contested in good faith.
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Taxes and Governmental Charges. The Shipowner shall pay and discharge, or cause to be paid and discharged, on or before the same shall become delinquentwhen due and payable from time to time, all taxes, assessments, government governmental charges, fines and penalties lawfully imposed upon each Vesselthe Vessel or any income therefrom, unless and to the extent only that the same are being contested in good faithfaith and by appropriate proceedings which do not impair the lien of this Mortgage.
Appears in 1 contract
