TAXES; OPERATING EXPENSES. (a) Subject to the provisions of Section 15(c) and Section 15(d), Borrower shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment.
TAXES; OPERATING EXPENSES. (a) Subject to the provisions of Section 9(c) and Section 9(d), Borrower shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment.
TAXES; OPERATING EXPENSES. (a) Subject to the provisions of Section 9(c) and Section 9(d), Mortgagor shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment.
TAXES; OPERATING EXPENSES. Subject to the provisions of Section 13(c), Borrower shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment. Borrower shall pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including insurance premiums, utilities, repairs and replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added. Borrower, at its own expense, and, so long as the Loan is held by HUD, may contest by appropriate legal proceedings, conducted diligently and in good faith, the amount or validity of any Imposition other than insurance premiums, if (1) Borrower notifies HUD of the commencement or expected commencement of such proceedings, (2) the Mortgaged Property is not in danger of being sold or forfeited, (3) Borrower deposits with HUD, or the Senior Lender if required by the Senior Loan Documents, reserves sufficient to pay the contested Imposition, if requested by HUD, and (4) Borrower furnishes whatever additional security is required in the proceedings or is reasonably requested by HUD, which may include the delivery to HUD of the reserves established by Borrower to pay the contested Imposition. Borrower shall promptly deliver to HUD a copy of all Notices of, and invoices for, Impositions, and if Borrower pays any Imposition directly, Borrower shall promptly furnish to HUD receipts evidencing such payments.
TAXES; OPERATING EXPENSES. 9 - Section 8.1 Taxes..............................................................................................................................- 9 - Section 8.2 Operating Expenses. ....................................................................................................- 10 - Section 8.3 Contest. ........................................................................................................................- 10 - Section 8.4 Utilities. .......................................................................................................................- 10 - ARTICLE 9 - INSURANCE; INDEMNIFICATION . - 10 - Section 9.1 Tenant’s Insurance.......................................................................................................- 10 - Section 9.2 Indemnification............................................................................................................- 12 - ARTICLE 10 - USE OF PROJECT, COMPLIANCE WITH LAWS .............................................. - 12 - Section 10.1 Permitted Use. .............................................................................................................- 12 - Section 10.2 Compliance with Laws. ...............................................................................................- 12 -
TAXES; OPERATING EXPENSES. 38 20. ELECTRICITY.........................................................48 21. BROKER..............................................................53 22. SUBORDINATION.......................................................53 23.
TAXES; OPERATING EXPENSES. A. Master Franchisor shall be responsible for and shall pay when due any and all federal, state and local income, payroll, sales, use, excise, GST (value added) or other taxes arising out of or assessed in connection with the development of the Territory or operation of the franchises contemplated hereunder, the transactions contemplated herein, the sale of any assets referred to hereunder, the assignment of any franchise, withholding or GST taxes which are due on account of the payments to the Company, or the sale or supply of any goods or services by the Company to the Master Franchisor (except income taxes assessed against the Company). Nothing herein shall require Master Franchisor to pay for any taxes required to be paid by any Sub-Franchisee which arise out of or in connection with the operation of their Sub-Franchisee Centers nor shall Master Franchisor be required to pay any income taxes which are owed by the Company. Master Franchisor may contest the validity or amount of any such tax in good faith and in accordance with the procedures specified by the relevant taxing authority; provided, however, that in no event shall Master Franchisor permit a tax sale or seizure by levy or execution or similar writ or warrant to occur with respect to any franchised location or any equipment, furniture, fixtures or improvements contained therein.
TAXES; OPERATING EXPENSES. Estimated Cost of Electrical Services.
TAXES; OPERATING EXPENSES. Subject to the provisions of Section 9(c) and Section 9(d), Trustor shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment. Subject to the provisions of Section 9(c), Trustor shall pay or cause to be paid the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including insurance premiums, utilities, repairs and replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added or lien imposed. As long as no Event of Default has occurred and is continuing, Trustor shall not be obligated to pay Taxes, insurance premiums or any other individual Imposition to the extent that Imposition Deposits are held by Beneficiary for the purpose of paying that specific Imposition. If an Event of Default exists, Beneficiary may exercise any rights Beneficiary may have with respect to Imposition Deposits without regard to whether Impositions are then due and payable. Trustor, at its own expense, may contest by appropriate legal proceedings, conducted diligently and in good faith, the amount or validity of any Imposition other than insurance premiums, if (i) Trustor notifies Beneficiary of the commencement or expected commencement of such proceedings, (ii) the Mortgaged Property is not in danger of being sold or forfeited, as determined by Beneficiary, (iii) if requested by Beneficiary, Trustor deposits with Beneficiary cash reserves or other collateral sufficient to pay the contested Imposition, (iv) Trustor furnishes whatever security is required in the proceedings or is reasonably requested by Beneficiary, which may include the delivery to Beneficiary of the reserves established by Trustor to pay the contested Imposition, as additional security, and (v) such contest operates to suspend enforcement of such Imposition. Trustor shall promptly deliver to Beneficiary a copy of all notices of, and invoices for, Impositions, and if Trustor pays any Imposition directly, Trustor shall promptly furnish to Beneficiary receipts evidencing such payments. In the event of the passage of any law subsequent to the date of this Security Instrument in any manner changing or modifying the laws now in force governing the taxation of deeds of trust or mortgages or debts secured by deeds of trust or mortgages or the manner of collecting any such taxes so as to adversely affect Beneficiary (including, without limitation, a requireme...
TAXES; OPERATING EXPENSES. (a) Subject to the provisions of Section 15(c) and Section 15(d), Grantor shall pay, or cause to be paid, all Taxes when due and before the addition of any interest, fine, penalty or cost for nonpayment.
