Common use of Taxes; Encumbrances Clause in Contracts

Taxes; Encumbrances. At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement (including any such Lien expressly permitted pursuant to such Section 6.02 in respect of which a release in a form acceptable to the Collateral Agent has been delivered to the Collateral Agent), and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.06 shall be interpreted as 9 9 excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

Taxes; Encumbrances. At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Guaranteed Obligations Collateral and not permitted pursuant to Section 6.02 Sections 5.05 and 6.03 of the Existing Credit Agreement (including any such Lien expressly permitted pursuant to such Section 6.02 in respect and Sections 5.05 and 6.03 of which a release in a form acceptable to the Collateral Agent has been delivered to the Collateral Agent)New Credit Agreement, and may pay for the maintenance and preservation of the Guaranteed Obligations Collateral to the extent any Grantor fails to do so as required by the Credit Agreement Agreements or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; providedPROVIDED, howeverHOWEVER, that nothing in this Section 4.06 shall be interpreted as 9 9 excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liensLiens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

Taxes; Encumbrances. At Upon the occurrence and during the continuance of the Event of Default, at its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement (including any such Lien expressly permitted pursuant to such Section 6.02 in respect of which a release in a form acceptable to the Collateral Agent has been delivered to the Collateral Agent)Agreement, and may pay for the maintenance and preservation preservation, in each case, in accordance with commercially reasonable standards, of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on written demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; providedPROVIDED, howeverHOWEVER, that nothing in this Section 4.06 4.05 shall be interpreted as 9 9 excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

Taxes; Encumbrances. At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement (including any such Lien expressly permitted pursuant to such Section 6.02 in respect of which a release in a form acceptable only to the Collateral Agent has been delivered extent the Grantor fails to the Collateral Agent)discharge or dispute in good faith such taxes, assessments, charges, fees, Liens, security interests or other encumbrances, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.06 shall be interpreted as 9 9 excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liensLiens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.