Common use of Taxes, Charges and Expenses Clause in Contracts

Taxes, Charges and Expenses. (a) Purchaser agrees to pay, prior to delinquency, all taxes, charges, liens and assessments against the Collateral. In the event Purchaser fails to make any such payment, the Company may at its option pay any such charges and shall be the sole judge of the legality or validity thereof and the amount necessary to discharge the same.

Appears in 3 contracts

Samples: Security Agreement (Ricex Co), Security Agreement (Ricex Co), Security Agreement (Ricex Co)

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Taxes, Charges and Expenses. (a) Purchaser agrees to pay, prior to delinquency, all taxes, charges, liens and assessments against the CollateralShares. In the event Purchaser fails to make any such payment, the Company may at its option pay any such charges and shall be the sole judge of the legality or validity thereof and the amount necessary to discharge the samepayment.

Appears in 1 contract

Samples: Security Agreement (Bf Enterprises Inc)

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