Common use of Payment of Taxes and Other Charges Clause in Contracts

Payment of Taxes and Other Charges. Subject to the provisions of Section 5 below, Mortgagor shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof.

Appears in 1 contract

Samples: Kranzco Realty Trust

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Payment of Taxes and Other Charges. Subject to the provisions of Section 5 belowbelow and in accordance with the Cash Management Agreement, Mortgagor shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; delinquent (provided, however, ; that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof).

Appears in 1 contract

Samples: First Potomac Realty Trust

Payment of Taxes and Other Charges. Subject to the provisions of Section 5 below, Mortgagor shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; delinquent (provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof.)

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

Payment of Taxes and Other Charges. Subject to the provisions of Section 5 belowbelow and in accordance with the Cash Management Agreement, Mortgagor shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; delinquent (provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof).

Appears in 1 contract

Samples: First Potomac Realty Trust

Payment of Taxes and Other Charges. Subject to the provisions of Section 5 below, Mortgagor shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; delinquent (provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof).

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

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Payment of Taxes and Other Charges. Subject Mortgagor, from time to time when the provisions same shall become due and payable, will pay and discharge all taxes of Section 5 belowevery kind and nature (including real and personal property taxes and income, Mortgagor shall pay franchise, withholding, profits and gross receipts taxes), all taxes, general and special assessments, levies, permits, inspection and license fees, all water rates and sewer rentsrents and charges, now all charges for utilities, and all other charges (public or hereafter levied private) whether of a like or different nature, imposed upon or assessed against it or imposed against the Mortgaged Property or any part thereof (or arising in respect of the "Taxes") and occupancy, use or possession thereof. Mortgagor will, upon Mortgagee's request, deliver to Mortgagee receipts evidencing the payment of all ground rentssuch taxes, maintenance chargesassessments, other governmental impositionslevies, fees, rents and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied imposed upon or assessed against it or imposed against the Mortgaged Property or any part thereof portion thereof. Mortgagee may, as provided in the Lockbox Agreement (as defined in the "Other Charges"Loan Agreement), require the deposit by Mortgagor of an amount sufficient to discharge the obligations under this clause (a) to pay real estate taxes when they become due. Such amounts shall be held by Mortgagee as provided in the same become due and payableLockbox Agreement. Mortgagor will deliver to MortgageeNotwithstanding the foregoing, promptly upon Mortgagee's request, evidence satisfactory to Mortgagee that the Taxes and Other Charges have been so paid or are not then delinquent. Mortgagor shall not suffer and shall promptly cause be required to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against escrow the Mortgaged Propertyportion of the real estate taxes payable by Xxxxxx & Xxxxxxx, and shall promptly pay for all utility services provided LLP. If one (1) month prior to the Mortgaged Property. Mortgagor due date of any of the aforementioned obligations the amounts then on deposit therefor shall furnish to Mortgagee or its designee receipts be insufficient for the payment of such obligation in full, Mortgagor within ten (10) days after demand shall deposit the Taxesamount of the deficiency with Mortgagee. Nothing herein contained shall be deemed to affect any right or remedy of Mortgagee under any provisions hereof or of any statute or rule of law to pay any such amount and to add the amount so paid, Other Charges and said utility services prior together with interest at the Default Rate, to the date the same shall become delinquent; provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereofindebtedness hereby secured.

Appears in 1 contract

Samples: Hines Global REIT, Inc.

Payment of Taxes and Other Charges. Subject to To the extent not deposited by Borrower into the Tax and Insurance Escrow Fund in accordance with the provisions of set forth in Section 5 6 below, Mortgagor Borrower shall pay all taxes, assessments, water rates and sewer rents, now or hereafter levied or levied, assessed or imposed against the Mortgaged Property or any part thereof (collectively, the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other chargescharges including, including without limitation limitation, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the PremisesLand, now or hereafter levied or levied, assessed or imposed against the Mortgaged Property or any part thereof (collectively, the "Other Charges") prior to delinquency. Except with respect to items for which Borrower has actually made deposits into the Tax and Insurance Escrow Fund as the same become due and payable. Mortgagor required hereunder, Borrower will deliver to Mortgagee, promptly upon Mortgagee's request, Lender evidence satisfactory to Mortgagee Lender that the Taxes and Other Charges have been so paid paid, or are not then delinquent, no later than thirty (30) days following the date on which the Taxes and/or Other Charges would otherwise be delinquent if not paid. Mortgagor Except with respect to items for which Borrower has actually made deposits into the Tax and Insurance Escrow Fund as required hereunder, Borrower shall not suffer suffer, and shall promptly cause to be paid and discharged discharged, any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, in connection with Taxes and/or Other Charges, and shall promptly pay for all utility services provided to the Mortgaged PropertyProperty (including, without limitation, payment of all costs associated with the sewer upgrades being performed by the City of Atlanta). Mortgagor shall To the extent received by Borrower, Borrower shall, upon request, furnish to Mortgagee Lender or its designee receipts for the payment of the Taxes, Other Charges and said charges for utility services prior to the date the same that such obligations shall become delinquent; provided. Borrower shall be entitled to contest by appropriate legal proceeding, howeverpromptly initiated and conducted in good faith and with due diligence, that Mortgagor is not required the amount of any Taxes or Other Charges. Notwithstanding any other provisions of this Section 5, Borrower shall be entitled to furnish such receipts for payment contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount of any Taxes or Other Charges in accordance with the event that such Taxes have been paid by Mortgagee pursuant to provisions of Section 5 32 hereof.

Appears in 1 contract

Samples: Profits and Security Agreement (Wyndham International Inc)

Payment of Taxes and Other Charges. Subject to the provisions of Section 5 below, Mortgagor shall pay all taxes, assessments, and other governmental impositions (the "Taxes") and all assessments, water rates and sewer rents, ground rents, maintenance charges, and other charges, including without limitation, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises (the "Other Charges"), now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Taxes") and all ground rents, maintenance charges, other governmental impositions, and other charges, including without limitation vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Premises, now or hereafter levied or assessed or imposed against the Mortgaged Property or any part thereof (the "Other Charges") as the same become due and payable. Mortgagor will deliver to Mortgagee, promptly upon Mortgagee's request, Mortgagee evidence satisfactory to Mortgagee that the Taxes and the Other Charges have been so paid or are not then delinquentdelinquent no later than thirty (30) days following the date on which the Taxes and/or the Other Charges would otherwise be delinquent if not paid. Mortgagor shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Mortgaged Property, and shall promptly pay for all utility services provided to the Mortgaged Property. Mortgagor shall furnish to Mortgagee or its designee receipts for the payment of the Taxes, Other Charges and said utility services prior to the date the same shall become delinquent; provided, however, that Mortgagor is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgagee pursuant to Section 5 hereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Emeritus Corp\wa\)

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