Common use of Accrual and Payment of Taxes Clause in Contracts

Accrual and Payment of Taxes. During each fiscal year, accrue all current tax liabilities of all kinds (including, without limitation, federal and state income taxes, franchise taxes, and payroll taxes, all required withholding of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans), and pay the same prior to becoming delinquent.

Appears in 2 contracts

Samples: Loan Agreement (Boddie Noell Properties Inc), Loan Agreement (Boddie Noell Properties Inc)

AutoNDA by SimpleDocs

Accrual and Payment of Taxes. During each fiscal year, accrue make provision for the payment in full of all current tax liabilities of all kinds (including, without limitation, federal and state income taxes, franchise taxes, and payroll taxes, all required withholding of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans), and pay the same prior to becoming delinquentwhen they become due.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)

Accrual and Payment of Taxes. During each fiscal year, accrue make accurate provision for the payment in full of all current tax liabilities of all kinds (including, without limitation, federal and state income taxes, franchise taxes, and payroll taxes, all required withholding of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans), and pay the same prior to becoming delinquentwhen they become due.

Appears in 1 contract

Samples: Credit Agreement (Interactive Strength, Inc.)

Accrual and Payment of Taxes. During each fiscal year, to accrue all current tax liabilities of all kinds (including, without limitation, federal and state income taxes, franchise taxes, and payroll taxes, and so-called provider specific taxes (to the extent necessary to participate in and receive maximum funding pursuant to Reimbursement Contracts)), all required withholding of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans), and pay the same prior to becoming delinquentwhen they become due.

Appears in 1 contract

Samples: Loan Agreement (Medcath Inc)

AutoNDA by SimpleDocs

Accrual and Payment of Taxes. During each fiscal year, accrue all current tax liabilities of all kinds (including, without limitation, federal and state income taxes, franchise taxes, and payroll taxes, all required withholding of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans), and pay the same prior to becoming delinquentwhen they become due.

Appears in 1 contract

Samples: Credit Agreement (Infinity Property & Casualty Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!