Common use of Taxes Duties, Fees and Proper Legal Form Clause in Contracts

Taxes Duties, Fees and Proper Legal Form. The Issuer shall: (a) pay, or cause to be paid, punctually on or prior to the due date all Taxes (including stamp duties), duties, fees, statutory dues or other charges payable by it under Applicable Laws or on or in connection with the execution, registration, or notarization, or for the legality, validity, or enforceability, of this Deed, the other Transaction Documents and any other documents related to the Transaction Documents. The Issuer shall also pay punctually on or prior to the due date, all present and future claims or liabilities for labour, services or supplies which if unpaid might result in a Security Interest on the Secured Property or adversely affect the security or the rights or remedies of any Debenture Holders or Debenture Trustee. The Debenture Holders or Debenture Trustee may pay any such Taxes, claims, levies or liabilities of the Issuer, if the Issuer fails to make such payment. The Issuer shall immediately, upon notice from any Debenture Holder or Debenture Trustee reimburse such Debenture Holders and Debenture Trustee for any such sums (together with interest thereon at the Additional Interest Rate from the date of payment until the reimbursement of such amounts by the Issuer), provided that the failure of such Debenture Holder or Debenture Trustee to provide such notification shall not prevent such Debenture Holder or Debenture Trustee from being entitled to reimbursement by the Issuer hereunder. (b) promptly pay or cause to be paid amounts declared to be payable pursuant to any judgment enforcing any such Taxes or other claims, levies or liabilities of the Issuer, unless an appeal/challenge/revision is preferred against such judgement in accordance with Law and such Taxes are Contested in Good Faith. (c) take all such further actions required or in the opinion of Debenture Holders or Debenture Trustee advisable to ensure that each of the Debenture Documents is in proper legal form under the Laws for the enforcement thereof without the requirement of any further action on part of the Debenture Holders and the Debenture Trustee.