Taxes and Encumbrances. The Borrower shall promptly pay and discharge ---------------------- or cause to be paid and discharged all its obligations and liabilities, including (without limitation) all taxes, assessments and governmental charges upon it and its income or properties, when due unless and to the extent only that the same shall be contested in good faith and by appropriate proceedings and then only to the extent that a bond is filed in cases where the filing of a bond is necessary to avoid the creation of a lien against any of the Collateral or any of its other assets. The Borrower covenants and agrees to keep the Collateral free and clear of all levies, liens, claims, security interests and encumbrances (including, without limitation, any lease or sublease thereof) and to promptly pay all charges, taxes and fees which may now or hereafter be imposed upon the ownership, sale, purchase, possession or use of the Collateral, except those in favor of the Lender. In addition, the Borrower shall timely file all tax returns required in connection with the use, operation or possession of the Collateral, and shall promptly furnish copies thereof to the Lender.
Taxes and Encumbrances. There are no Encumbrances resulting from Taxes or otherwise on any of the rights or other assets to be transferred from Maiden Insurance to Enstar pursuant to any Transaction Agreement.
Taxes and Encumbrances. Hardball shall pay promptly when due any and all personal property taxes imposed on its personal property located in the Venue. To the extent any work is done at the request of and for the sole benefit of Hardball and for which a supplier or contractor has lien rights arising from nonpayment, Hardball further covenants that it will not permit any mechanics liens or similar encumbrance to exist against the Venue or any property therein and shall, within thirty (30) days of any such lien or encumbrance being asserted against the Venue or any property therein as a result of action or inaction by Hardball, either cause the same to be released of record, or obtain title or other insurance coverage satisfactory to the City over such lien and proceed diligently to contest the same in good faith.
Taxes and Encumbrances. Club shall list Club's furnishings, fixtures, equipment and other personal property located on the Premises for purposes of personal property taxation, and shall promptly pay when due any and all personal property taxes imposed or assessed on the same. Club and the City shall not permit any mechanics' liens or other encumbrances or liens to exist against the Premises or the leasehold interest of Club. Club or the City, as applicable, within thirty (30) days of any such lien or encumbrance being asserted against the Premises or the leasehold interest of Club, shall either cause the same to be released of record or obtain title insurance coverage satisfactory to the other in the respect to such lien or encumbrance and proceed diligently to contest the same in good faith.
Taxes and Encumbrances. Lessee shall keep the Equipment free and clear of all levies, liens and encumbrances of any kind and shall promptly notify Lessor of any attachment or other judicial process which affects or which may affect the Equipment. Lessor is responsible for all license fees, registration fees, assessments, charges, taxes and encumbrances (municipal, provincial, territorial and federal) which may be imposed in relation to the license and use of the Equipment, including, without limitation, all sales, withholding, value-added and/or goods and services taxes.
Taxes and Encumbrances. Licensee shall pay promptly when due any and all personal property taxes imposed on its personal property located in the Stadium. To the extent any work is done at the request of and for the sole benefit of Licensee and for which a supplier or contractor has lien rights arising from nonpayment, Licensee further covenants that it will not permit any mechanics liens or similar encumbrance to exist against the Stadium or any property therein and shall, within thirty (30) days of any such lien or encumbrance being asserted against the Stadium or any property therein as a result of action or inaction by Licensee, either cause the same to be released of record, or obtain title or other insurance coverage satisfactory to the City over such lien and proceed diligently to contest the same in good faith.
Taxes and Encumbrances. There is no unpaid property tax, levy or assessment against the Real Property (except for Liens relating to Taxes not yet due and payable), nor is there pending or threatened any condemnation Proceeding against the Real Property or any portion thereof. No part of any Improvements on the Real Property encroaches upon any property adjacent thereto or upon any easement, nor is there any encroachment or overlap upon the Real Property known to Seller.
Taxes and Encumbrances. LSC shall pay promptly when due any and all personal property taxes imposed on its personal property located in the Stadium and any and all taxes which are the responsibility of LSC under the laws of the State of Michigan and City of Lansing, including any payment in lieu of taxes, which may be assessed pursuant to Michigan Statutes. Except as to liens or other encumbrances related to the financing, installation or ownership of the Stadium's scoreboard, LSC shall not permit any mechanics liens or other encumbrances or liens to exist against the Stadium and shall within thirty (30) days of any such lien or encumbrance being asserted against the Stadium as a result of action or inaction by LSC either cause the same to be released of record or obtain title insurance coverage satisfactory to the City over such lien and proceed diligently to contest the same in good faith.
Taxes and Encumbrances. Developer shall pay, when due: (i) all ad valorem property taxes imposed on the Property under Article XIII A of the California Constitution; (ii) all special taxes imposed on the Property; (iii) all special assessments imposed on the Property; and (iv) all other taxes, assessments, fees, exactions, or charges any portion of which are allocated to, or received by, the City or the Authority and which are imposed due to the ownership, use, or possession of the Property or interest therein or due to the construction or operation of the Project. Upon failure to so pay, Developer shall remove any lien, levy, or encumbrance made on the Property within ninety (90) days of the attachment of such. Developer hereby waives any right it may have to contest the imposition of such taxes, assessments, fees, exactions, or charges against the Property or upon the construction or operation of the Project which are levied by the City, the Authority, the County of Riverside, or the State of California, or any special district of any of the foregoing.
Taxes and Encumbrances. Hardball shall pay promptly when due any and all personal property taxes imposed on its personal property located in the Stadium. To the extent any work is done at the request of and for the sole benefit of Hardball and for which a supplier or contractor has lien rights arising from nonpayment, Hardball further covenants that it will not permit any mechanics liens or similar encumbrance to exist against the Stadium or any property therein and shall, within thirty (30) days of any such lien or encumbrance being asserted against the Stadium or any property therein as a result of action or inaction by Hardball, either cause the same to be released of record, or obtain title or other insurance coverage satisfactory to the City over such lien and proceed diligently to contest the same in good faith.
