Common use of Taxes Paid Clause in Contracts

Taxes Paid. All taxes, water and sewer charges, ground rents, governmental assessments and other similar charges having a lien, or which would create a lien upon the Mortgaged Property if unpaid by their payment due date, have been paid, or amounts sufficient to cover the same in the ordinary course have been escrowed under the Bond Mortgage Documents consistent with the requirements of such Bond Mortgage Documents.

Appears in 6 contracts

Samples: Pledge and Security Agreement (America First Multifamily Investors, L.P.), Pledge and Security Agreement (America First Multifamily Investors, L.P.), Pledge and Security Agreement (America First Multifamily Investors, L.P.)

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Taxes Paid. All taxes, water and sewer charges, ground rents, governmental assessments and other similar charges having a lien, or which would create a lien upon the Mortgaged Property if unpaid by their payment due date, have been paid, or amounts sufficient to cover the same in the ordinary course have been escrowed under the Bond Mortgage Reimbursement Security Documents consistent with the requirements of such Bond Mortgage Reimbursement Security Documents.

Appears in 3 contracts

Samples: Multifamily SCR Debt Agreement, Multifamily SCR Debt Agreement, Multifamily SCR Debt Agreement

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