Common use of Filing of Tax Returns and Payment of Taxes and Other Liabilities Clause in Contracts

Filing of Tax Returns and Payment of Taxes and Other Liabilities. The Transferor will file (or will cause to be filed on its behalf as a member of a consolidated group) all tax returns and reports required by law to be filed by it and will pay all taxes, assessments and governmental charges shown to be owing by it, except for any such taxes, assessments or charges (i) that are being diligently contested in good faith by appropriate proceedings, for which adequate reserves in accordance with GAAP have been set aside on its books and that not have given rise to any Liens (other than Permitted Liens) or (ii) the amount of which, either singly or in the aggregate, would not have a Material Adverse Effect with respect to the Transferor.

Appears in 5 contracts

Samples: Omnibus Amendment (Domus Holdings Corp), Omnibus Amendment (Realogy Corp), Transfer and Servicing Agreement (Cendant Corp)

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