Common use of Taxes and Utility Charges Clause in Contracts

Taxes and Utility Charges. (a) The Borrower shall pay as the same respectively become due, all taxes, assessments, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower from the Plant and that, if not paid, would become a charge on the payments to be made under this Loan Agreement or the Note prior to or on a parity with the charge thereof created by the Indenture and including ad valorem, sales and excise taxes, assessments and charges upon the Borrower's interest in the Plant), all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project and all assessments and charges lawfully made by any governmental body for public improvements that may be secured by lien on any portion of the Project.

Appears in 3 contracts

Samples: Loan Agreement (Dollar Tree Stores Inc), Loan Agreement (Medical Action Industries Inc), Loan Agreement (Genlyte Group Inc)

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Taxes and Utility Charges. (a) The Borrower shall pay as the same respectively become due, all taxes, assessments, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project Facility (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower from the Plant and that, if not paid, would become a charge on the payments to be made under this Loan Agreement or the Note prior to or on a parity with the charge thereof created by the Indenture and including ad valorem, sales and excise taxes, assessments and charges upon the Borrower's interest in the Plant), all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project Facility and all assessments and charges lawfully made by any governmental body for public improvements that may be secured by lien on any portion of the ProjectFacility.

Appears in 1 contract

Samples: Loan Agreement (Lunn Industries Inc /De/)

Taxes and Utility Charges. (a) The Borrower shall pay as the same respectively become due, all taxes, assessments, impact fees, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower from the Plant Project and that, if not paid, would become a charge on the payments to be made under this Loan Agreement or the Note Notes prior to or on a parity with the charge thereof created by the Indenture and including ad valorem, sales and excise taxes, assessments assessments, impact fees and charges upon the Borrower's interest in the PlantProject), all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project and all assessments assessments, impact fees and charges lawfully made by any governmental body for public improvements that may be secured by lien on any portion of the Project.

Appears in 1 contract

Samples: Loan Agreement (Heico Corp)

Taxes and Utility Charges. (a) The Borrower Company shall pay as the same respectively become due, (i) all taxes, assessments, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower Issuer from the Plant Project and that, if not paid, would become a charge on the payments to be made under this Loan Agreement or the Note prior to or on a parity with the charge thereof thereon created by the Indenture and including ad valorem, sales and excise taxes, assessments and charges upon the BorrowerCompany's interest in the PlantProject), (2) all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project and (3) all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a lien on any portion of the Project.

Appears in 1 contract

Samples: Loan Agreement (Aaron Rents Inc)

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Taxes and Utility Charges. (a) The Borrower Company shall pay as the same respectively become due, (1) all taxes, assessments, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower Issuer from the Plant Project and that, if not paid, would become a charge on the payments to be made under this Loan Agreement or the Note prior to or on a parity with the charge thereof thereon created by the Indenture and including ad valorem, sales and excise taxes, assessments and charges upon the BorrowerCompany's interest in the PlantProject), (2) all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project and (3) all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a lien on any portion of the Project.

Appears in 1 contract

Samples: Loan Agreement (Circor International Inc)

Taxes and Utility Charges. (a) The Borrower Company shall pay as the same respectively become due, (i) all taxes, assessments, levies, claims and charges of any kind whatsoever that may at any time be lawfully assessed or levied against or with respect to the Project (including, without limiting the generality of the foregoing, any tax upon or with respect to the income or profits of the Borrower Issuer from the Plant Project and that, if not paid, would become a charge on the payments to be made under this Loan Lease Agreement or the Note prior to or on a parity with the charge thereof thereon created by the Indenture and including ad valorem, sales and excise taxes, assessments and charges upon the BorrowerCompany's interest in the PlantProject), (2) all utility and other charges incurred in the operation, maintenance, use, occupancy and upkeep of the Project and (3) all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a lien on any portion of the Project.

Appears in 1 contract

Samples: Lease Agreement (Laralev Inc)

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