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)
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
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)
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)