Compliance with Laws; Payment of Taxes and Liabilities. (i) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect and (ii) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriate
Appears in 2 contracts
Samples: Credit Agreement (Cabot Microelectronics Corp), Credit Agreement (Cabot Microelectronics Corp)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower Borrowers or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 2 contracts
Samples: Credit Agreement (Bogen Communications International Inc), Credit Agreement (Bogen Communications International Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all material applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all Federal taxes and all other material taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 2 contracts
Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect including all environmental permits; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with generally accepted accounting principles.
Appears in 1 contract
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower Parent or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws)laws, rules, regulations, decrees, orders, judgments, licenses decrees and permits, orders except where the failure to comply could not not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Effect; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all federal income taxes and all other material taxes and governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Credit Agreement (Tetra Tech Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Compliance with Laws; Payment of Taxes and Liabilities. The Borrower will (ia) Complycomply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided PROVIDED, HOWEVER, that the foregoing shall not require the Borrower or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Credit Agreement (Input Output Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, ------------------------------------------------------ and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower -------- ------- Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws)laws, rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind whichthat, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower Company or any such Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Credit Agreement (Lithia Motors Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all material applicable laws (including Environmental Laws)laws, rules, regulations, decrees, regulations and orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property; PROVIDED, as well as claims of any kind whichHOWEVER, if unpaid, might become a Lien on any of its property; provided that the foregoing shall not require the Borrower Parent or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Credit Agreement (Capital Environmental Resource Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, ------------------------------------------------------ and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower Parent or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Quarterly Report
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, ------------------------------------------------------ and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing ----------------- shall not require the Borrower Parent or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract
Samples: Term Loan Agreement (United Rentals North America Inc)
Compliance with Laws; Payment of Taxes and Liabilities. (ia) Comply, and cause each Subsidiary to comply, in all material respects with all applicable laws (including Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect ; and (iib) pay, and cause each Subsidiary to pay, prior to delinquency, all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, might become a Lien on any of its property; provided provided, however, that the foregoing shall not require the Borrower Company or any Subsidiary to pay any such tax or charge so long as it shall contest the validity thereof in good faith by appropriateappropriate proceedings and shall set aside on its books adequate reserves with respect thereto in accordance with GAAP.
Appears in 1 contract