Accrual and Payment of Taxes. The Borrower, during each Fiscal Year, shall accrue all current tax liabilities of all kinds, 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 when they become due.
Appears in 2 contracts
Samples: Term Loan Agreement (Adcare Health Systems Inc), Term Loan Agreement (Cyanotech Corp)
Accrual and Payment of Taxes. The Borrower, during each Fiscal Year, shall accrue all current tax liabilities of all kinds, 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 when they become due.
Appears in 1 contract
Samples: Term Loan Agreement (Cyanotech Corp)
Accrual and Payment of Taxes. The Borrower, during each Fiscal Year, shall Borrower will accrue all current tax liabilities of all kinds, all required withholding withholdings of income taxes of employees, all required old age and unemployment contributions, and all required payments to employee benefit plans, and pay the same when they become due, unless appropriate extensions are obtained.
Appears in 1 contract
