Common use of Discharge Taxes and Indebtedness Clause in Contracts

Discharge Taxes and Indebtedness. To pay and discharge, as they become due, all taxes, assessments, debts, claims and other governmental or non-governmental charges lawfully imposed upon, or incurred by them or the properties and assets of the Seller, except taxes, assessments, debts, claims and charges contested in good faith in appropriate proceedings for which the Seller shall have set aside adequate reserves for the payment of such tax, assessment, debt, claim or charge. The Seller shall provide the Purchaser, upon the Purchaser's request, evidence of payment of such taxes, assessments, debts, claims and charges satisfactory to the Purchaser.

Appears in 6 contracts

Samples: Agreement of Share Exchange (House of BODS Fitness, Inc.), Agreement of Share Exchange (House of BODS Fitness, Inc.), Agreement of Share Exchange and Purchase and Sale (New Pacific Ventures Inc)

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Discharge Taxes and Indebtedness. To pay and discharge, as they become due, all taxes, assessments, debts, claims and other governmental or non-non- governmental charges lawfully imposed upon, or upon on incurred by them it or the properties and assets of the Seller, except taxes, assessments, debts, claims and charges contested in good faith in appropriate proceedings for which the Seller shall have set aside adequate reserves for the payment of such tax, assessment, debt, claim or charge. The Seller shall provide the Purchaser, upon the Purchaser's request, evidence of payment of such taxes, assessments, debts, claims and charges satisfactory to the Purchaser.. 5.1.5

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Global Entertainment Holdings/Equities Inc)

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Discharge Taxes and Indebtedness. To pay and discharge, as they become due, all taxes, assessments, debts, claims and other governmental or non-governmental charges lawfully imposed upon, upon or incurred by them it or the properties and assets of the SellerCompany, except taxes, assessments, debts, claims and charges contested in good faith in appropriate proceedings for which the Seller Company shall have set aside adequate reserves for the payment of such tax, assessment, debt, claim or charge. The Seller Company shall provide the Purchaser, upon the Purchaser's request, evidence of payment of such taxes, assessments, debts, claims and charges satisfactory to the Purchaser.

Appears in 1 contract

Samples: Amended Agreement and Plan of Reorganization (Proflight Medical Response Inc)

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