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

Taxes, Assessments and Utility Charges. (A) The Borrower shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the Collateral, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the Collateral, and (3) all assessments and charges of any kind whatsoever lawfully made by any Governmental Authority for public improvements, provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower shall be obligated hereunder to pay only such installments as are required to be paid during all periods that sums payable by the Borrower hereunder are due and owing.

Appears in 1 contract

Samples: Loan and Security Agreement (Angiodynamics Inc)

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Taxes, Assessments and Utility Charges. (A) The Borrower Company shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the CollateralFacility, (2) all utility and other charges, including "β€œservice charges"”, incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the CollateralFacility, and (3) all assessments and charges of any kind whatsoever lawfully made by any Governmental Authority for public improvements, ; provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder to pay only such installments as are required to be paid during all periods that sums payable by the Borrower hereunder are due and owingterm of this Lease Agreement.

Appears in 1 contract

Samples: Lease Agreement

Taxes, Assessments and Utility Charges. (A) The Borrower Except as otherwise permitted by the Financing Documents, the Company shall pay or cause to be paid, as the same respectively become due, (1) all material taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the Collateral, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the Collateral, and (3) all assessments and charges of any kind whatsoever lawfully made by any Governmental Authority for public improvements, provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder to pay only such installments as are required to be paid during all periods that sums payable by the Borrower Company hereunder are due and owing.

Appears in 1 contract

Samples: Security Agreement (Balchem Corp)

Taxes, Assessments and Utility Charges. (A) The Borrower Company shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the CollateralMortgaged Property, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the CollateralMortgaged Property, and (3) all assessments and charges of any kind whatsoever lawfully made by any Governmental Authority for public improvements, provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder under this Mortgage to pay or cause to be paid only such installments as are required to be paid during all periods that sums payable by the Borrower hereunder are due and owingterm of this Mortgage.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Angiodynamics Inc)

Taxes, Assessments and Utility Charges. (A) The Borrower Company shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the CollateralProject Facility, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the CollateralProject Facility, and (3) all assessments and charges of any kind whatsoever lawfully made against the Project Facility by any Governmental Authority for public improvements, ; provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder to pay only such installments as are required to be paid during all periods that sums payable by any Bond shall be Outstanding and/or during the Borrower hereunder are due and owingterm of this Installment Sale Agreement or any other Financing Document.

Appears in 1 contract

Samples: Installment Sale Agreement (Angiodynamics Inc)

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Taxes, Assessments and Utility Charges. (A) The Borrower Company shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the CollateralProject Facility, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the CollateralProject Facility, and (3) all assessments assessments, rents and other charges of any kind whatsoever lawfully made by any Governmental Authority for public improvements, ; provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder to pay only such installments as are required to be paid during all periods that sums payable by the Borrower Company hereunder or under any of the other Financing Documents are due and owing.

Appears in 1 contract

Samples: Installment Sale Agreement (Spurlock Industries Inc)

Taxes, Assessments and Utility Charges. (A) The Borrower Company shall pay or cause to be paid, as the same respectively become due, (1) all taxes and governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the CollateralProject Facility, (2) all utility and other charges, including "service charges", incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the CollateralProject Facility, and (3) all assessments assessments, charges and charges rents of any kind whatsoever lawfully made by any Governmental Authority for public improvements, provided that, with respect to special assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Borrower Company shall be obligated hereunder under the Mortgage to pay or cause to be paid only such installments as are required to be paid during all periods that sums payable by the Borrower hereunder are due term of the Mortgage and owingshall, promptly after the payment of any of the foregoing, forward to the Bank evidence of such payment.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Spurlock Industries Inc)

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