Common use of Taxes and Outgoings Clause in Contracts

Taxes and Outgoings. pay as and when the same shall become due and payable by it all taxes, rates, duties, charges, assessments and outgoings whatsoever (whether parliamentary, parochial, local or of any other description) which shall be assessed, charged or imposed upon or payable in respect of the Charged Assets or any part thereof (save to the extent that payment of the same is being contested in good faith by proper proceedings and adequate reserves have been set aside for the payment thereof);

Appears in 4 contracts

Samples: www.sec.gov, Facility Agreement (Constar International Inc), Constar International Inc

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Taxes and Outgoings. pay or procure to be paid as and when the same shall become due and payable by it all taxesTaxes, rates, duties, charges, assessments and outgoings whatsoever (whether parliamentary, parochial, local or of any other description) which shall be assessed, charged or imposed upon or payable in respect of the Charged Assets Mortgaged Property or any part thereof but not in respect of the occupier thereof (save to the extent that payment of the same is being contested in good faith by proper proceedings and adequate reserves have been set aside for the payment thereoffaith);

Appears in 2 contracts

Samples: Restatement Agreement, Security Trust

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Taxes and Outgoings. pay as and when the same shall become due and payable by it must be paid all taxes, ------------------- rates, duties, charges, assessments and outgoings whatsoever (whether parliamentary, parochial, local or of any other description) which shall be assessed, charged or imposed upon or payable in respect of the Charged Assets Real Property or any part thereof (save to the extent that payment of the same is being contested in good faith by proper proceedings and adequate reserves have been set aside for the payment thereoffaith);

Appears in 2 contracts

Samples: Security Agreement (Hawker Pacific Aerospace), Facility Agreement (Hawker Pacific Aerospace)

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