Common use of Taxes and Premiums Clause in Contracts

Taxes and Premiums. Borrower will, and will cause each Subsidiary to, pay and discharge all taxes, assessments, governmental charges and real and personal property taxes, including, but not limited to, federal and state income taxes, employee withholding taxes and payroll taxes, and all premiums for insurance required under this Agreement, prior to the date upon which penalties are attached thereto.

Taxes and Premiums. Borrower will, and will cause each Subsidiary to, pay and discharge all taxes, assessments, governmental charges charges, and real and personal property taxes, taxes including, but not limited to, federal and state income taxes, employee withholding taxes and payroll taxes, and all premiums for insurance required under this Agreementhereunder, prior to the date upon which penalties are attached thereto. Lender may pay, for the account of Borrower, any of the foregoing which Borrower fails to pay; any such amounts will be paid by Borrower to Lender, with interest thereon at the rate stated in the Note, upon demand.

Taxes and Premiums. Borrower will, and will cause each Subsidiary to, pay and discharge all taxes, assessments, governmental charges and real and personal property taxes, including, but not limited to, federal and state income taxes, employee withholding taxes and payroll taxes, and all premiums for insurance required under this Agreement, prior to the date upon which penalties are attached thereto., except for such items which are being contested in good faith in appropriate proceeds. City National Bank CREDIT AGREEMENT