Common use of Taxes, Liens and Other Charges Clause in Contracts

Taxes, Liens and Other Charges. (a) The Grantor will pay, before the same become delinquent, all taxes, liens, assessments and charges of every character including all utility charges, whether public or private, already levied or assessed or that may hereafter be levied or assessed upon or against the Mortgaged Property; and will furnish the Beneficiary, on or before the final date whereon the same can be paid without penalty, evidence of the due and punctual payment of all such taxes, assessments and other fees and charges. Nothing contained herein shall require the payment or discharge of any such tax, lien, assessment or charge by the Grantor for so long as the Grantor shall in good faith and at its own expense contest the same or the validity thereof by appropriate legal proceedings provided that such proceedings shall prevent (1) the collection thereof or other realization thereof and the sale or forfeiture of the Mortgaged Property or any part thereof to satisfy the same or (2) the enforcement thereof, against the Grantor, the Trustee, the Beneficiary and the Mortgaged Property and so long as the Grantor first deposits with the Beneficiary in escrow such sums or other security as the Beneficiary may reasonably require to assure Beneficiary of the availability of sufficient monies to pay such tax, lien, assessment or charge if and when the same is finally determined to be due.

Taxes, Liens and Other Charges. (a) The Grantor will pay, before the same become delinquent, all taxes, liens, assessments and charges of every ever y character including all utility chargeschar ges, whether public or private, already levied or assessed ass essed or that may hereafter be levied or assessed ass essed upon or against the Mortgaged PropertyPremises; and will furnish the Beneficiary, on or before the final date whereon the same can be paid without penalty, evidence of the due and punctual payment of all such taxes, assessments and other fees and charges. Nothing contained herein shall require the payment or discharge of any such tax, lien, assessment or charge by the Grantor for so long as the Grantor shall in good faith fait h and at its own expense contest the same or the validity thereof by appropriate legal proceedings provided that such proceedings shall prevent (1) the collection thereof or other realization thereof and the sale or forfeiture of the Mortgaged Property Premises or any part thereof to satisfy the same or (2) the enforcement thereof, against the Grantor, the Trustee, the Beneficiary and the Mortgaged Property Premises and so long as the Grantor first deposits with the Beneficiary Beneficiar y in escrow escr ow such sums su ms or other security as the Beneficiary may reasonably require to assure Beneficiary of the availability of sufficient monies to pay such tax, lien, assessment or charge if and when the same is finally determined deter mined to be due.

Taxes, Liens and Other Charges. (a) The Grantor will pay, before the same become delinquent, all taxes, liens, assessments and charges of every character including all utility charges, whether public or private, already levied or assessed or that may hereafter be levied or assessed upon or against the Mortgaged Property; and will furnish the Beneficiary, on or before the final date whereon the same can be paid without penalty, evidence of the due and punctual payment of all such taxes, assessments and other fees and charges. Nothing contained herein shall require the payment or discharge of any such tax, lien, assessment or charge by the Grantor for so long as the Grantor shall in good faith and at its own expense contest the same or the validity thereof by appropriate legal proceedings provided that such proceedings shall prevent (1) the collection thereof or other realization thereof and the sale or forfeiture of the Mortgaged Property or any part thereof to satisfy the same or (2) the enforcement thereof, against the Grantor, the Trustee, the Beneficiary and the Mortgaged Property and so long as the Grantor first deposits with the Beneficiary in escrow such sums or other security as the Beneficiary may reasonably require to assure Beneficiary of the availability of sufficient monies money to pay such tax, lien, assessment or charge if and when the same is finally determined to be due.

Taxes, Liens and Other Charges. (a) The Grantor will shall pay, before or cause to be paid, when due and prior to the same become delinquentdelinquency date thereof, all taxeslevies, lienslicense fees, assessments permit fees, and other charges (in each case whether general or special, ordinary or extraordinary, or foreseen or unforeseen) of every character whatsoever (including all utility chargespenalties and interest thereon) now or hereafter levied, whether public assessed, confirmed or privateimposed on, already levied or assessed in respect of, or that may hereafter be levied a lien upon the Premises, or assessed any part thereof, or any estate, right, or interest therein, or upon the rents, issues, income, or against the Mortgaged Property; profits thereof, and will furnish the Beneficiary, on or before the final date whereon the same can be paid without penalty, shall submit to Beneficiary such evidence of the due and punctual payment of all such taxes, assessments assessments, and other fees and chargescharges as Beneficiary may require. Nothing contained herein shall require the payment or discharge of any such tax, lien, assessment or charge by the Grantor for so long as the Grantor shall furnish Beneficiary with a copy of the paid tax receipt evidencing payment of all taxes assessed against the Premises, such receipt to be forwarded to the Beneficiary on or before the date when such taxes become delinquent. Grantor shall have the right to contest such taxes or assessments in good faith and faith, provided Grantor shall, at its own expense contest the same or the validity thereof by appropriate legal proceedings provided request of Beneficiary, provide Beneficiary with evidence reasonably satisfactory to Beneficiary that such proceedings shall prevent (1) the collection thereof or other realization thereof and the sale or forfeiture of the Mortgaged Property or any part thereof to satisfy the same or (2) the enforcement thereof, against the Grantor, the Trustee, the Beneficiary and the Mortgaged Property and so long as the Grantor first deposits with the Beneficiary in escrow such sums or other security as the Beneficiary may reasonably require to assure Beneficiary of the availability of has set aside sufficient monies funds to pay such tax, lien, assessment or charge if and when the same is finally determined to be duetax obligation herein contested.