Common use of Changes in Tax Laws Clause in Contracts

Changes in Tax Laws. If a Law requires the deduction of the Debt from the value of the Property for the purpose of taxation or imposes a tax, either directly or indirectly, on the Debt, any Loan Document or Xxxxxx’s interest in the Property, Borrower will pay the tax with interest and penalties, if any. If Lender determines that Xxxxxxxx’s payment of the tax may be unlawful, unenforceable, usurious or taxable to Lender, the Debt will become immediately due and payable on 60 days’ prior notice unless the tax must be paid within the 60-day period, in which case, the Debt will be due and payable within the lesser period.

Changes in Tax Laws. If a Law requires the deduction of the Debt from the value of the Property for the purpose of taxation or imposes a tax, either directly or indirectly, on the Debt, any Loan Document or Xxxxxx’s Lender's interest in the Property, Borrower will pay the tax with interest and penalties, if any. If Lender determines that Xxxxxxxx’s Borrower's payment of the tax may be unlawful, unenforceable, usurious or taxable to Lender, the Debt will become immediately due and payable on 60 days’ ' prior notice unless the tax must be paid within the 60-day period, in which case, the Debt will be due and payable within the lesser period.

Changes in Tax Laws. If a Law requires the deduction of the Debt from the value of the Property for the purpose of taxation or imposes a tax, either directly or indirectly, on the Debt, any Loan Document or Xxxxxx’s interest in the Property, Borrower will pay the tax with interest and penalties, if any. If Lender determines Xxxxxx determines, based on an opinion of counsel, that Xxxxxxxx’s payment of the tax may be unlawful, unenforceable, usurious or taxable to Lender, the Debt will become immediately due and payable on 60 days’ prior notice unless the tax must be paid within the 60-day period, in which case, case the Debt will be due and payable within the such lesser period.