TITLE/TAXES. Debtor has good and marketable title to Collateral and will warrant and defend same against all claims. Debtor will not transfer, sell, or lease Collateral (except as permitted herein). Debtor agrees to pay promptly all taxes and assessments upon or for the use of Collateral and on this Security Agreement. At its option, Bank may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on Collateral. Debtor agrees to reimburse Bank, on demand, for any such payment made by Bank. Any amounts so paid shall be added to the Obligations.
TITLE/TAXES. Customer warrants that Customer has good title to and the right to possess the Product. Customer shall continuously hold title to all Product in the System and Magellan shall not be liable as an insurer of the Product. Customer shall pay any taxes, including ad valorem taxes, assessments or charges, which may be assessed against the Product stored by Customer under this Agreement. Customer agrees to reimburse Magellan for any such taxes, assessments or charges paid by Magellan for the benefit of Customer or as required by law on behalf of Customer, within thirty (30) days of Magellan’s demand therefor.
TITLE/TAXES. The Debtor has good and marketable title to the Collateral and will warrant and defend it against all claims. The Debtor will not transfer, sell, or lease the Collateral (except for sales of inventory in the ordinary course of business). The Debtor agrees to pay promptly all taxes and assessments upon or for the use of the Collateral and on this Agreement. At its option, the Secured Party may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral. The Debtor agrees to reimburse the Secured Party, on demand, for any such payment made by the Secured Party. Any amounts so paid shall be added to the Brightstar Obligations and be secured hereunder, and shall bear interest payable by the Debtor at the annual rate of eighteen percent per annum (18% p.a.).
TITLE/TAXES. Borrower has good and marketable title to Collateral and will warrant and defend same against all claims. Borrower will not transfer, sell, or lease Collateral (except as permitted herein). Borrower agrees to pay promptly all taxes and assessments upon or for the use of Collateral and on this Security Agreement. At its option, Lender may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on Collateral. Borrower agrees to reimburse Lender, on demand, for any such payment made by Lender. Any amounts so paid shall be added to the Obligations.
TITLE/TAXES. Ownership of fee title to the Facility Premises shall remain vested in Landlord during the Lease Term and thereafter, subject to the covenants, conditions and terms of this Lease, and Tenant shall have a leasehold interest in and to the Facility Premises during the Lease Term. All leasehold improvements, including, without limitation, all Capital Projects, made to the Facility Premises shall be vested with Landlord, who shall have fee title thereto, subject to the covenants, conditions and terms of this Lease. Notwithstanding the foregoing, no furnishings, furniture, trade fixtures, equipment or other personal property installed or constructed by Tenant on or within the Facility Premises shall be Landlord’s property (unless such property is permanently affixed to and a leasehold improvement of the Facility Premises), but shall be the property of Tenant.
TITLE/TAXES. Ownership of fee title to the Facility Premises shall remain vested in Landlord during the Lease Term and thereafter, subject to the covenants, conditions and terms of this Lease, and Tenant shall have a leasehold interest in and to the Facility Premises during the Lease Term. All leasehold improvements, including, without limitation, all Capital Projects, made to the Facility Premises shall be vested with Landlord, who shall have fee title thereto, subject to the covenants, conditions and terms of this Lease. Notwithstanding the foregoing, no furnishings, furniture, trade fixtures, equipment or other personal property installed or constructed by Tenant on or within the Facility Premises shall be Landlord’s property (unless such property is permanently affixed to and a leasehold improvement of the Facility Premises), but shall be the property of Tenant. Notwithstanding that fee title to the Facility Premises shall remain vested in Landlord during the Lease Term, it is acknowledged that (i) Tenant will pay for and construct or provide (or cause to be constructed or provided) a significant portion of the Facility and the installations, additions, fixtures and improvements to be placed in or upon the Facility Premises, whether temporary or permanent; (ii) Tenant shall retain the sole beneficial and depreciable interest for tax purposes (to the extent of its investment and any funds arranged by it) in such items; and (iii) for all income tax purposes, neither Landlord nor any other Person shall have the right to take depreciation deductions with respect to such items, or claim any other right to tax benefits arising from such items, such rights being exclusively reserved to Tenant unless assigned by Tenant, in whole or in part, to one or more third parties (“Tenant’s Beneficial Rights”). It is the belief and intent of Landlord and Tenant that neither the Facility Premises, nor any portion thereof, shall be the subject of any imposition, levy or payment of ad valorem real property tax and, in recognition thereof, Landlord agrees to hold harmless, defend and indemnify Tenant against the same and Landlord shall pay, or shall reimburse Tenant for its payment of, any such ad valorem real property tax so imposed, levied or paid, if any. Notwithstanding anything contained herein to the contrary, the foregoing provision shall have no effect on Tenant’s liability and obligation to pay Base Rent, Gecko Investments’ liability and obligation to pay Office Base Rent, or to...
TITLE/TAXES. Debtor has good and marketable title to Collateral and will warrant and defend same against all claims. Debtor will not redeem, transfer, sell, or pledge Collateral (except as permitted herein). Debtor agrees to pay promptly all taxes and assessments upon or for the use of Collateral, the Note and on this Security Agreement. At its option, Secured Party may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on Collateral or the Note and succeed to the Debtor's interest in the Collateral. Debtor agrees to reimburse Secured Party, on demand, for any such payment plus interest at the highest rate allowed by law made by Secured Party. Any amounts so paid together with interest on said amounts at the highest rate allowed by law shall be added to the Obligations.
TITLE/TAXES. Debtor has good and marketable title to the Collateral and will warrant and defend same against all claims. Debtor will not transfer, sell, or lease Collateral (except as permitted herein). Debtor agrees to pay promptly all taxes and assessments upon or for the use of Collateral and on this Security Agreement unless contested in good faith and diligently pursued and adequate reserves therefor are maintained by Debtor. At its option, Bank may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on Collateral. Debtor agrees to reimburse Bank, on demand, for any such payment made by Bank. Any amounts so paid shall be added to the Obligations.
TITLE/TAXES. Seller(s) represents the title to the Property to be a good and marketable title. Seller(s) will execute and deliver a Warranty Deed, Land Contract, or other instruments of assignment or conveyance as shall be required with the release of dower and with all delinquent taxes and assessments paid. By agreement on a subsequent purchase agreement, Seller(s) will furnish proper evidence thereof to said Xxxxx(s). Seller(s) will inform Key Realty of Seller(s) intentions relating to tax proration for purposes of any agreement to sell the Property. Seller(s) understand and acknowledge the right to be represented by counsel of Seller(s) choosing in connection with the execution of any agreement to sell, condition of title, and proration of taxes together with any other aspect of this agreement or the sale of the property.
TITLE/TAXES. Title to your electricity will pass from Ranchero Power to you when your Service is received by the TDU. Each party will indemnify and hold harmless the other from all taxes, royalties, fees, or other charges incurred with respect to the Service to which it has title; you are responsible for any taxes, fees, or charges imposed simultaneously with the transfer of title. You are responsible for the payment of any taxes and government charges imposed upon your Service. If you are exempt from sales taxes or any other taxes and/ or government charges, you must provide Ranchero Power with the tax exempt certificates related to your Service so that your account can be updated accordingly.
