Common use of Goods and Services Tax Clause in Contracts

Goods and Services Tax. (1) The Borrower will during the continuance of this security at all times pay all goods and services tax as well as any penalties due and payable to the relevant government authorities (collectively known as the "GST") in respect of the Property, interest, loan, facilities, costs fees and expenses payable herein and all moneys and liabilities whether contingent or otherwise hereby secured or covenanted to be paid and will at all times on demand in writing produce to the Lender the receipt for every such payment and if default shall at anytime be made by the Borrower in payment of the GST it shall be lawful (but not obligatory) for the Lender to pay and discharge the same and thereupon all such payments expended by the Lender together with interest at the Default Interest Rate from the date of payment thereof by the Lender to the date of repayment by the Borrower shall on demand be repaid to the Lender by the Borrower and until such repayment shall be a charge upon the Property and the Property shall not be redeemed until full repayment of all such payments expended as aforesaid; and

Goods and Services Tax. (1) The Mortgagor and the Borrower will during the continuance of this security at all times pay all goods and services tax as well as any penalties due and payable to the relevant government authorities (collectively known as the "GST") in respect of the Property, interest, loan, facilities, costs fees and expenses payable herein and all moneys and liabilities whether contingent or otherwise hereby secured or covenanted to be paid and will at all times on demand in writing produce to the Lender the receipt for every such payment and if default shall at anytime be made by the Mortgagor and/or the Borrower in payment of the GST it shall be lawful (but not obligatory) for the Lender to pay and discharge the same and thereupon all such payments expended by the Lender together with interest at the Default Interest Rate from the date of payment thereof by the Lender to the date of repayment by the Mortgagor and/or the Borrower shall on demand be repaid to the Lender by the Mortgagor and the Borrower and until such repayment shall be a charge upon the Property and the Property shall not be redeemed until full repayment of all such payments expended as aforesaid; and

Goods and Services Tax. (1) The Borrower will during the continuance of this security at all times pay all goods and services tax as well as any penalties due and payable to the relevant government authorities (collectively known as the "GST") in respect of the PropertyProperties, interest, loan, facilities, costs fees and expenses payable herein and all moneys and liabilities whether contingent or otherwise hereby secured or covenanted to be paid and will at all times on demand in writing produce to the Lender the receipt for every such payment and if default shall at anytime be made by the Borrower in payment of the GST it shall be lawful (but not obligatory) for the Lender to pay and discharge the same and thereupon all such payments expended by the Lender together with interest at the Default Interest Rate from the date of payment thereof by the Lender to the date of repayment by the Borrower shall on demand be repaid to the Lender by the Borrower and until such repayment shall be a charge upon the Property Properties and the Property Properties shall not be redeemed until full repayment of all such payments expended as aforesaid; and.

Goods and Services Tax. (1) The Mortgagor and the Borrower will during the continuance of this security Agreement at all times pay all goods and services tax as well as any penalties due and payable to the relevant government authorities (collectively known as the "GST") in respect of the Mortgaged Property, interest, loan, facilitiesFacilities, costs fees and expenses payable herein and all moneys and liabilities whether contingent or otherwise hereby secured or covenanted to be paid and will at all times on demand in writing produce to the Lender the receipt for every such payment and if default shall at anytime be made by the Mortgagor and/or the Borrower in payment of the GST it shall be lawful (but not obligatory) for the Lender to pay and discharge the same and thereupon all such payments expended by the Lender together with interest at the Default Interest Rate from the date of payment thereof by the Lender to the date of repayment by the Mortgagor and the Borrower shall on demand be repaid to the Lender by the Mortgagor and the Borrower and until such repayment shall be a charge upon the Mortgaged Property and the Mortgaged Property shall not be redeemed until full repayment of all such payments expended as aforesaid; and