Common use of TITLE/TAXES Clause in Contracts

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. Borrower Debtor has good and marketable title to Collateral and will warrant and defend same against all claims. Borrower Debtor will not transfer, sell, transfer or lease sell Collateral except to Purchasers pursuant to a written Purchase Commitment (except as permitted herein)defined in the Loan Agreement. Borrower Debtor agrees to pay promptly all taxes and assessments upon or for the use of Collateral and on this Security Agreement. At its option, Lender Bank may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on Collateral. Borrower Debtor agrees to reimburse LenderBank, on demand, for any such payment made by LenderBank. Any amounts so paid shall be added to the Obligations.

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 prompxxx xxx 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 LenderXxxxxx, on demand, for any such payment made by Lender. Any amounts so paid shall xxxxx be added to the Obligations.