Common use of Make Payments Clause in Contracts

Make Payments. The Grantor shall pay all rents, taxes, rates, levies, assessments and government fees or dues lawfully levied, assessed or imposed in respect of the Collateral or any part thereof as and when the same shall become due and payable except as are being contested in good faith by proper legal proceedings with respect to which adequate reserves have been established and are being maintained and shall exhibit to the Lender, when required, the receipts and vouchers evidencing such payments.

Appears in 3 contracts

Sources: Credit Agreement (Anthony Clark International Insurance Brokers LTD), General Security Agreement (Anthony Clark International Insurance Brokers LTD), Loan and Security Agreement (Anthony Clark International Insurance Brokers LTD)