Common use of Taxes, Other Governmental Charges and Utility Charges Clause in Contracts

Taxes, Other Governmental Charges and Utility Charges. (a) The Company covenants that it and each of its Subsidiaries and Affiliates shall duly and punctually pay all taxes, assessments (including deficiency assessments), and governmental charges or levies of any kind whatsoever ("Taxes") imposed on it or on its respective income or profits or on any of its respective properties or assets, including, without limiting the generality of the foregoing, any taxes levied upon the Project Facility which, if not paid, will become a Lien or charge upon the Project Facility or upon any payment pursuant to this Agreement, prior to the date on which penalties attach thereto. The Company shall also pay all utility, water and sewer rents, and other charges incurred in connection with the Project Facility and all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a Lien on the Project Facility.

Appears in 2 contracts

Samples: Series J Loan Agreement (NPR Inc), Series J Loan Agreement (Sjit Inc)

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Taxes, Other Governmental Charges and Utility Charges. (a) The Company covenants that it and each of its Subsidiaries subsidiaries and Affiliates shall duly and punctually pay all taxes, assessments (including deficiency assessments), and governmental charges or levies of any kind whatsoever ("Taxes") imposed on it or on its respective income or profits or on any of its respective properties or assets, including, without limiting the generality of the foregoing, any taxes levied upon the Project Facility which, if not paid, will become a Lien or charge upon the Project Facility or upon any payment pursuant to this Agreement, prior to the date on which penalties attach thereto. The Company shall also pay all utility, water and sewer rents, and other charges incurred in connection with the Project Facility and all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a Lien on the Project Facility.

Appears in 2 contracts

Samples: Series H Loan Agreement (Sjit Inc), Loan Agreement (Sjit Inc)

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Taxes, Other Governmental Charges and Utility Charges. (a) The Company covenants that it and each of its Subsidiaries and Affiliates shall duly and punctually pay all taxes, assessments (including deficiency assessments), and governmental charges or levies of any kind whatsoever ("Taxes") imposed on it or on its respective income or profits or on any of its respective properties or assets, including, without limiting the generality of the foregoing, any taxes levied upon the Project Facility and the Project Site which, if not paid, will become a Lien or charge upon the Project Facility or upon any payment pursuant to this Agreement, prior to the date on which penalties attach thereto. The Company shall also pay all utility, water and sewer rents, and other charges incurred in connection with the Project Facility and all assessments and charges lawfully made by any governmental body for public improvements that may be secured by a Lien on the Project Facilityor the Project Site or any of its assets.

Appears in 1 contract

Samples: Lease Agreement (Sjit Inc)

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