Common use of Taxes, Assessments and Other Charges Clause in Contracts

Taxes, Assessments and Other Charges. To the best of Seller’s knowledge, all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable;