Common use of Filing and Payment Clause in Contracts

Filing and Payment. All Tax Returns required to be filed by, on behalf of or with respect to, Buyer or any of its Subsidiaries have been duly and timely filed and are complete and correct in all material respects. All Taxes (whether or not reflected on such Tax Returns) required to be paid with respect to, or that could give rise to a Lien on the Buyer Assets, Buyer or any of its Subsidiaries have been duly and timely paid. All Taxes required to be withheld by Buyer or any of its Subsidiaries have been duly and timely withheld, and such withheld Taxes have been either duly and timely paid to the proper Governmental Authority or properly set aside in accounts for such purpose.

Filing and Payment. All Tax Returns required to be filed by, on behalf of or with respect to, Buyer Target or any of its Subsidiaries have been duly and timely filed and are complete and correct in all material respects. All Taxes (whether or not reflected on such Tax Returns) required to be paid with respect to, or that could give rise to a Lien on the Buyer Target Assets, Buyer Target or any of its Subsidiaries have been duly and timely paid. All Taxes required to be withheld by Buyer Target or any of its Subsidiaries have been duly and timely withheld, and such withheld Taxes have been either duly and timely paid to the proper Governmental Authority or properly set aside in accounts for such purpose.