Common use of Governmental Lien Clause in Contracts

Governmental Lien. If a notice of lien, levy or assessment is filed of record with respect to any or all of Borrower's assets by the United States Government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or if any tax or debt owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, upon any or all of the Borrower's assets and the same is not paid on the payment date thereof;

Governmental Lien. If a notice of lien, levy or assessment is filed of record with respect to any or all of Borrower's assets by the United States Government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or if any tax or debt owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or choaxx xx otherwise, upon any or all of the Borrower's assets and the same is not paid on the payment date thereof;

Governmental Lien. If a notice of lien, levy or assessment is filed of record with respect to any or all of Borrower's assets by the United States Government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or if any tax or debt owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx cxxxxx or otherwise, upon any or all of the Borrower's assets and the same is not paid on the payment date thereof;