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

Payment of Taxes and Other Impositions. (a) Promptly when due, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"). Grantor shall within 30 days after each due date deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 2 contracts

Samples: Bear Island Finance Co Ii, Bear Island Finance Co Ii

AutoNDA by SimpleDocs

Payment of Taxes and Other Impositions. (a) Promptly when dueExcept as may be otherwise provided in the Indenture and the Term Loan Credit Agreement, and subject to Grantor’s right to contest same, prior to delinquency, Grantor shall pay and discharge all taxes taxes, charges and assessments of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes)nature, all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes taxes, and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which mayagainst, and in each case, case which may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"“Impositions”). Grantor shall within 30 days after each due date deliver to Beneficiary , except where (i) original the validity or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it amount thereof is a real estate tax or other public charge being contested in good faith by appropriate proceedings, and (ii) Grantor has set aside on its books adequate reserves with respect thereto in accordance with GAAP. Upon request by Beneficiary, Grantor shall deliver to Beneficiary evidence reasonably acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's ’s option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Corporate Execution and Notary Acknowledgment (Smithfield Foods Inc)

Payment of Taxes and Other Impositions. (a) Promptly when duePrior to delinquency, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits profits, gross receipts, and gross receipts intangible recording taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Subject Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Subject Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONSImpositions"). Upon request by Grantee, Grantor shall within 30 days after each due date deliver to Beneficiary Grantee (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary Grantee showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Credit Agreement (Carter William Co /Ga/)

Payment of Taxes and Other Impositions. (a) Promptly when dueGrantor, Grantor prior to delinquency, shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONSImpositions"). Grantor shall within 30 days after each due date the request of Beneficiary deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence reasonably acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Payment of Taxes and Other Impositions. (a) Promptly when dueExcept as expressly permitted under the Credit Agreement, Grantor Grantor, prior to delinquency, shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"). Grantor shall within 30 days after each due date the request of Beneficiary deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing or other evidence of payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary in its reasonable discretion showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Day International Group Inc

Payment of Taxes and Other Impositions. (a) Promptly when due, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONSImpositions"). Grantor shall shall, within 30 days after each due date a request by Beneficiary, deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Anacomp Inc)

AutoNDA by SimpleDocs

Payment of Taxes and Other Impositions. (a) Promptly Except as permitted by subsection 6.3 of the Credit Agreement, promptly when due, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONSImpositions"). Grantor shall within 30 days after each due date deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Powerhouse Technologies Inc /De)

Payment of Taxes and Other Impositions. (a) Promptly when due, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes taxes, and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"“Impositions”). Upon request by Beneficiary, Grantor shall within 30 days after each due date deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's ’s option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Bush Industries Inc

Payment of Taxes and Other Impositions. (a) Promptly when dueExcept as expressly permitted under the Credit Agreement, Grantor Grantor, prior to delinquency, shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, transfer gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may, in each case, may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"). Grantor shall within 30 days after each due date the request of Beneficiary deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing or other evidence of payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary in its reasonable discretion showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.

Appears in 1 contract

Samples: Leases and Security Agreement (Telex Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.