Future Taxes. Pay all taxes and other governmental assessments as the same shall become due, excepting only taxes and governmental assessments which the Borrower or any Significant Subsidiary is contesting in good faith and for which the Borrower or any Significant Subsidiary has set aside adequate reserves, including reserves for interest with respect thereto in the manner provided hereafter.
Future Taxes. Section 5.5 Legal Existence, Properties, Stock Ownership and Solvency....................24 Section 5.6 Warranties and Conditions.................24 Section 5.7
Future Taxes. PURCHASER shall pay all general taxes accruing, and all special taxes and assessments becoming due, upon the subject property for the period beginning January 1 of the year 2021.
Future Taxes. If hereafter any law or ordinance shall be adopted imposing a tax directly or indirectly on Beneficiary with respect to the Mortgaged Property, the value of Grantor’s equity therein, or the Debt and secured by this Deed of Trust, Beneficiary, at its election, shall have the right at any time after the tax has been imposed to give Grantor written notice declaring that the principal debt, with interest and other appropriate charges, shall be due on a specified date not less than sixty (60) days thereafter which notice shall specify the nature of the tax which is the basis for acceleration; provided, however, that such election shall be ineffective if, prior to the specified date, Grantor lawfully pays the tax (in addition to all other payments required hereunder) and agrees to pay the tax whenever it becomes due and payable thereafter, which agreement shall then constitute a part of this Deed of Trust.
Future Taxes. Section 5.01 Liberty shall be solely liable for any future sales, excise or other tax arising from service to Granite Ridge for gas sold or transported under this Agreement which Liberty may hereafter be required to pay or collect under any federal, state or local law and Liberty agrees that the price payable under this Agreement includes any such taxes currently payable in connection with such service.
Future Taxes. A. In the event of the passage after the date of this Mortgage of any law deducting from the value of the Subject Premises for the purposes of taxation any lien thereon or changing in any way the laws now in force for the taxation of mortgages or debts secured by mortgages for state or local purposes or the manner of the collection of any such taxes so as to affect this Mortgage, or if, at any time, the United States Government, or any other governmental subdivision, shall require state or federal documentary stamps hereon, or on the Notes, on the Loan Agreement, or on any of the other Relevant Documents (or if any of them shall be subject to any similar levy), the entire principal indebtedness and all other sums required to be paid by Mortgagor hereunder shall become due and payable at the option of Mortgagee thirty (30) days after the mailing of notice of such election to Mortgagor; provided, however, that exercise of that option shall be ineffective and this Mortgage, the Notes, the Loan Agreement, and other Relevant Documents shall be and remain in effect if Mortgagor lawfully may pay for such stamps or such tax including interest and penalties thereon to or for Mortgagee and does in fact pay, when due, for all such stamps or such tax, as the case may be.
B. No owner of the Subject Premises or holder of any lien subordinate to the lien of this Mortgage shall be entitled to any credit with respect to principal or interest of the debt hereby secured by reason of the payment of any tax on said Subject Premises, the obligation secured hereby, or the interest payable thereon.
C. In the event any Federal, state or local law, ordinance or regulation shall require the withholding by Mortgagor of any portion of the interest payable hereunder on account of any tax claims of any such governmental unit, Mortgagor shall be responsible for the payment of same but shall, nevertheless, make the payments to the Mortgagee in the full amount required hereunder without any deduction from the principal or interest payments for or on account of any such tax or interest and Mortgagee shall, and is hereby authorized to, upon receipt of such payments, set aside the required portion thereof in a special account for the payment of such withholding taxes and shall, when the same becomes due, pay the same over to the appropriate taxing authority. Mortgagor shall deliver to Mortgagee, at least thirty (30) days before each such payment shall become due, completed and executed tax re...
Future Taxes. If at any time during the term of the Contract, any governmental authority; (federal, state or local) imposes taxes which were not in effect as of the commencement date of the Contract that in the sole judgment of the Party affected are unduly burdensome or unacceptable then such Party, not later than the earlier of thirty (30) days after learning of such tax or the effective date of such tax, shall initiate a good faith effort to negotiate with the other Party to modify this Contract to cure the effect of such unduly burdensome or unacceptable tax. If no such cure is agreed upon prior to one (1) day prior to the effective date of the tax, the affected Party may cancel and terminate this Contract effective one (1) day prior to the effective date of the tax. In the event of such termination, the Parties agree that all Gas received by Buyer hereunder prior to cessation of deliveries shall be paid for by Buyer at the rate in effect at the time such Gas was received by Buyer and that any other penalties or charges provided for herein on such Gas shall be paid by the owing Party as herein provided.
Future Taxes. The charges under this Agreement do not include any Taxes, charges or fees, except as specifically provided herein. If any new Taxes, charges or fees imposed after the date hereof by any Authorized Authority howsoever denominated and howsoever measured (including energy taxes, value added taxes, pollution or Environment taxes, taxes on services, municipal consent and access fees, real estate taxes, sales and use taxes and ad valorem taxes) are imposed upon the operation and maintenance of the Electric System or upon or measured by the production, manufacture, sale, transportation, delivery, use or consumption of Electric Energy or power, Customer shall pay its Pro-Rata Share of such Taxes, charges, or fees net of its share of available credits, incentives and deductions or as otherwise provided for in any Applicable Law, unless such Taxes are imposed upon Customer by CMH in violation of Section 7.2. For Taxes that are unique to or directly attributable to CMH’s Unit 16, Customer’s prorated portion of such Taxes shall be equal to its proportional share of the Electric Energy it consumed from Unit 00.
Future Taxes. If a Tax Lien Holder forecloses upon the Parking Property, as described in this Section 9, each of the Mixed-Use Property Owners and Adjacent Property Owners shall pay to the Foreclosure Owner their share of any future Taxes and any future maintenance and repair costs (collectively, the “Parking Property Costs”) based on their pro rata use of the Parking Property as compared to the other Mixed-Use Property Owners and Adjacent Property Owners. The Foreclosure Owner will send an invoice (“Invoice”) to each of the Mixed-Use Property Owners and Adjacent Property Owners for their share of the Parking Property Costs. The Mixed-Use Property Owners and Adjacent Property Owners shall pay their portion of the Parking Property Costs to the Foreclosure Owner within 30 days of the date of the Invoice. If a Mixed-Use Property Owner or Adjacent Property Owners does not pay its share of the Parking Property Costs within 30 days of the date of the Invoice, such Mixed-Use Property Owner or Adjacent Property Owners shall be prohibited from using the Easements until the Mixed-Use Property Owner or Adjacent Property Owners pays its share of the Parking Property Costs to the Foreclosure Owner.
Future Taxes. A. CyberMalls, Inc. is not responsible for taxes on Virtual Property: The parties also acknowledge that in the future, virtual malls may be subjected to a variety of tax obligations from one or more regulatory or governmental agencies. It is understood that should virtual malls, as defined and described in this Agreement, be assessed or obliged to pay additional taxes beyond what are assessed at the date of this Agreement, virtual mall owner shall assume responsibility for such taxes associated with construction, development, operation and/or revenues derived therefrom. Client and CFI acknowledge that CyberMalls shall not be liable to pay any future tax assessments associated with virtual mall.