Common use of Accounting; Tax Returns and Payment of Claims Clause in Contracts

Accounting; Tax Returns and Payment of Claims. The Borrower and each Subsidiary will maintain a system of accounting and reserves in accordance with generally accepted accounting principles, has filed and will file each tax return required of it and, except as disclosed in the Schedule, has paid and will pay when due each tax, assessment, fee, charge, fine and penalty imposed by any taxing authority upon it or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal course of business.

Appears in 20 contracts

Samples: Credit Agreement, Credit Agreement (Corning Natural Gas Holding Corp), Credit Agreement (Corning Natural Gas Holding Corp)

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Accounting; Tax Returns and Payment of Claims. The Borrower and each Subsidiary will maintain a system of accounting and reserves in accordance with generally accepted accounting principles, has filed and will file each tax return required of it and, except as disclosed in the Schedulean attached schedule, has paid and will pay when due each tax, assessment, fee, charge, fine and penalty imposed by any taxing authority upon it Borrower or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal ordinary course of business.

Appears in 5 contracts

Samples: Term Note (Hardinge Inc), Replacement Term Note (Hardinge Inc), Term Note (Emerging Vision Inc)

Accounting; Tax Returns and Payment of Claims. The Borrower Borrowers and each Subsidiary subsidiary of each of the Borrowers will maintain a system of accounting and reserves in accordance with generally accepted accounting principles, has filed and will file each tax return required of it and, except as disclosed in the Schedule, has paid and will pay when due each tax, assessment, fee, charge, fine and penalty imposed by any taxing authority upon it or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal course of business.

Appears in 2 contracts

Samples: Loan Agreement (Blue Ridge Real Estate Co), Loan Agreement (Blue Ridge Real Estate Co)

Accounting; Tax Returns and Payment of Claims. The Borrower and each Subsidiary will maintain a system of accounting and reserves in accordance with generally accepted accounting principles, has filed and will file each tax return required of it and, except as disclosed in the an attached Schedule, has paid and will pay when due each tax, assessment, fee, charge, fine and penalty imposed by any taxing authority upon it or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal course of business.

Appears in 2 contracts

Samples: Loan Agreement (Harris Interactive Inc), Term Loan Agreement (CVC Inc)

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Accounting; Tax Returns and Payment of Claims. The Borrower and each Subsidiary will maintain a system of accounting and reserves in accordance with generally accepted accounting principles, has filed flied and will file each tax return ; required of it and, except as disclosed in the Schedulean attached schedule, has paid and will pay when due each tax, assessment, fee, charge, fine fire and penalty imposed by any taxing authority upon it Borrower or any of its assets, income or franchises, as well as all amounts owed to mechanics, materialmen, landlords, suppliers and the like in the normal ordinary course of business.

Appears in 1 contract

Samples: Demand Note (Blue Ridge Real Estate Co)

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