Common use of Taxes, Assessments and Liens Clause in Contracts

Taxes, Assessments and Liens. Borrower will pay when due all taxes, assessments and liens upon the Collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Loan Documents. Borrower may withhold any such payment or may elect to contest any lien if Borrower is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Lender’s interest in the Collateral is not jeopardized in Lender’s sole opinion. If the Collateral is subjected to a lien which is not discharged within fifteen (15) days, Borrower shall deposit with Lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Borrower shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Borrower shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

Taxes, Assessments and Liens. Borrower Grantor will pay when due all taxes, assessments and liens upon the Collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtednessindebtedness, or upon any of the other Loan Related Documents. Borrower Grantor may withhold any such payment or may elect to contest any lien if Borrower Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Lender’s Lenders interest in the Collateral is not jeopardized in Lender’s 's sole opinion. If the Collateral is subjected to a lien which is not discharged within fifteen (15) days, Borrower Grantor shall deposit with Lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ attorneys fees or other charges that could accrue as a result of foreclosure forecosure or sale of the Collateral. In any contest Borrower Grantor shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Borrower Grantor shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

Taxes, Assessments and Liens. Borrower Grantor will pay when due all taxes, assessments and liens upon the Collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtednessindebtedness, or upon any of the other Loan Related Documents. Borrower Grantor may withhold any such payment or may elect to contest any lien if Borrower Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Lender’s 's interest in the Collateral is not jeopardized in Lender’s Lenders sole opinion. If the Collateral is subjected to a lien which is not discharged within fifteen (15) days, Borrower Grantor shall deposit with Lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ ' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Borrower Grantor shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Borrower Grantor shall name Lender as an additional obligee obliges under any surety bond furnished in the contest proceedings.

Taxes, Assessments and Liens. Borrower will pay when due all taxes, assessments assessments, and liens upon the Collateralcollateral, its use or operation, upon this Security Agreement, upon any promissory note or notes evidencing the Indebtedness, Indebtedness or upon any of the other Loan Related Documents. Borrower may withhold any such payment or may elect to contest any lien if Borrower is in good faith conducting an appropriate proceeding proceedings to contest the obligation to pay and so long as Lender’s interest in the Collateral is not jeopardized in Lender’s sole opinionjeopardized. If the Collateral is subjected to a lien which is not discharged within fifteen (15) 15 days, Borrower shall deposit with Lender lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an any amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ fees or other charges that could accrue as a result of foreclosure or sale of the Collateralsale. In any contest Borrower shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Borrower shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.

Taxes, Assessments and Liens. Borrower Grantor will pay when due all taxes, assessments and liens upon the Collateral, its use or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtednessindebtedness, or upon any of the other Loan Related Documents. Borrower Grantor may withhold any such payment or may elect to contest content any lien if Borrower Grantor is in good faith conducting conducing an appropriate proceeding to contest the obligation to pay and so long as Lender’s 's interest in the Collateral is not jeopardized in Lender’s 's sole opinion. If the Collateral is subjected to a lien which is not discharged within fifteen (15) days, Borrower Grantor shall deposit with Lender cash, a sufficient corporate surety surely bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ ' fees or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Borrower Grantor shall defend itself and Lender and shall satisfy any final adverse judgment judgement before enforcement against the Collateral. Borrower Grantor shall name Lender as an additional obligee under any surety surely bond furnished in the contest proceedings.

Taxes, Assessments and Liens. Borrower will pay when due all taxes, assessments and liens upon the Collateral, its use or operation, upon this Agreement, upon any promissory note or notes loan agreement evidencing the Indebtednessindebtedness, or upon any of the other Loan Related Documents. Borrower may withhold any such payment or may elect to contest any lien if Borrower is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as the Lender’s 's interest in the Collateral is not jeopardized in Lender’s 's sole opinion. If the Collateral is subjected subject to a lien which is not discharged within fifteen (15) days, Borrower shall deposit with Lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ fees cost or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Borrower shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Borrower shall name Lender as an additional obligee under any surety bond furnished in the contest proceedings.