Payment of Taxes and Other Impositions. (a) Except as expressly permitted under the Credit Agreement, Mortgagor, prior to delinquency, shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Mortgaged Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may become a lien on any of the Mortgaged Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"). Mortgagor shall within 30 days after the request of Mortgagee deliver to Mortgagee (i) original or copies of receipted bills and cancelled checks or other evidence of payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Mortgagee in its reasonable discretion showing the payment of any other such Imposition. If by law any Imposition, at Mortgagor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Mortgagor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.
Payment of Taxes and Other Impositions. (a) Promptly when due, Grantor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained for the benefit of any of the Trust Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may become a lien on any of the Trust Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the "IMPOSITIONS"). Grantor shall within 30 days after each due date deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.
Payment of Taxes and Other Impositions. 7 5. Insurance ......................................................8 6. Restrictions on Liens and Encumbrances ........................12 7. Due on Sale and Other Transfer Restrictions ...................12 8. Maintenance; No Alteration; Inspection; Utilities .............12 9. Condemnation/Eminent Domain ...................................13 10. Restoration ..................................................13 11. Leases .......................................................14 12.
Payment of Taxes and Other Impositions. (a) Promptly when due, Mortgagor shall pay and discharge all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes), all charges for any easement or agreement maintained, for the benefit of any of the Mortgaged Property, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault too, and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may become a lien on any of the Mortgaged Property, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to as the “Impositions”). Upon reasonable request of Mortgagee, Mortgagor shall provide evidence acceptable to Mortgagee showing the payment of any other such Imposition.
Payment of Taxes and Other Impositions. (a) Promptly when due or prior to the date on which any fine, penalty, interest or cost may be added thereto or imposed, Grantor shall pay and discharge all taxes, charges and assessments of every kind and nature, all charges for any easement or agreement maintained for the benefit of any of the Real Estate, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, vault taxes and all other public charges even if unforeseen or extraordinary, imposed upon or assessed against or which may become a lien on any of the Real Estate, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing that if not paid, could result in a Material Adverse Effect (all of the foregoing are collectively referred to herein as the "Impositions") before the same shall become delinquent or in default, except where (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) Grantor has set aside on its books adequate reserves with respect thereto in accordance with GAAP, and (iii) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. Upon request by Beneficiary, Grantor shall deliver to Beneficiary (i) original or copies of receipted bills and cancelled checks evidencing payment of such Imposition if it is a real estate tax or other public charge and (ii) evidence reasonably acceptable to Beneficiary showing the payment of any other such Imposition. If by law any Imposition, at Grantor's option, may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Grantor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.
Payment of Taxes and Other Impositions. Promptly when due, Mortgagor shall pay and discharge (or cause to be paid and discharged) all material tax liabilities (the "Impositions"), before the same shall become delinquent or in default in accordance with Section 5.04 of the Credit Agreement
Payment of Taxes and Other Impositions. Mortgagor shall comply with all provisions of the Credit Agreement regarding payment and discharge of Taxes, assessments, and governmental charges or levies upon the Mortgaged Property, subject to Mortgagor’s right to contest the same as set forth therein.
Payment of Taxes and Other Impositions. Borrower has filed all tax returns and has paid all Impositions, if any, required to be filed by it or paid by it, including real estate taxes and assessments relating to the Time-Share Project or the Collateral.
Payment of Taxes and Other Impositions. (a) Except as may be permitted by the Credit Agreement, Mortgagor shall, prior to the date on which any material fine, penalty, interest or cost may be added thereto or imposed, pay and discharge all taxes, charges and assessments of every kind and nature, all charges for any easement or agreement maintained for the benefit of any of the Real Estate, all general and special assessments, levies, permits, inspection and license fees, all water and sewer rents and charges, all vault taxes and all other public charges, even if unforeseen or extraordinary, imposed upon or assessed against or that may become a material lien on any of the Real Estate, or arising in respect of the occupancy, use or possession thereof, together with any penalties or interest on any of the foregoing (all of the foregoing are collectively referred to herein as the “Impositions”), except where the validity or amount thereof is being contested in good faith and by proper proceedings, so long as Mortgagor maintains adequate reserves (in the good faith judgment of the management of the Borrower) with respect thereto in accordance with GAAP and the failure to pay could not reasonably be expected to result in a Material Adverse Effect. If by law any Imposition may be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition), Mortgagor may elect to pay such Imposition in such installments and shall be responsible for the payment of such installments with interest, if any.
Payment of Taxes and Other Impositions. 4.1 This Lease is and shall be construed as a “net-net” Lease and Landlord shall receive all rents and all other payments to be made by Tenant under the terms of this Lease free from any charges, assessments, impositions, expenses or deductions of any nature whatsoever levied during the term hereof. Tenant shall pay, as additional rent, all real estate taxes, special assessments or other ad valorem taxes, water charges, and other governmental charges, general and special, ordinary and extraordinary, of any kind and nature whatsoever levied or assessed against or upon the Leased Land or upon the Building or any other improvements on the Leased Land, or any of them during the term of this Lease. Real estate taxes for 1975 and 1976 (payable in 1976 and 1977 respectively), and the last year of the term, shall be prorated between Landlord and Tenant on the basis of the actual tax bxxx for such year when issued and the period of time prior to the commencement of the term or, in the case of the end of the term, the period of time after the end of the term. Tenant shall pay all such taxes or other impositions before the same become delinquent or before any penalty attaches for non-payment thereof. Landlord agrees to file for a tax division if necessary, to divide the Leased Land from other property which may be included in a tax bxxx. Prior to such division, or in the event for any reason such division is not accomplished, the taxes shall be equitably adjusted between the Leased Land and such other property based on the respective fair market values thereof and Landlord agrees to pay all taxes for such other property before the same become delinquent. If Landlord fails to pay such taxes on such other land, Tenant may pay them and deduct the amount paid from rent due to Landlord.
