Common use of Governmental Charges Clause in Contracts

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes and other Governmental Charges which, if unpaid, could reasonably be expected to have a Material Adverse Effect, except such taxes or Governmental Charges as may in good faith be contested or disputed and as to which adequate reserves (determined in accordance with GAAP) have been established; provided that in each such case no Property material to the conduct of the businesses of the Loan Parties is at impending risk of being seized, levied upon or forfeited.

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes Taxes and other Governmental Charges which, if unpaid, could reasonably be expected to have a Material Adverse EffectCharges, except such taxes or Taxes, Governmental Charges as may in good faith be contested or disputed and as to disputed, or for which adequate reserves (determined in accordance with GAAP) arrangements for deferred payment have been establishedmade; provided that in each such case appropriate reserves are maintained in accordance with GAAP and no Property material to the conduct property of the businesses of the any Loan Parties Party is at impending risk of being seized, levied upon or forfeited.

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes and other Governmental Charges whichprior to the date upon which penalties accrue thereon, which in each case, if unpaid, could be reasonably be expected likely to have a Material Adverse Effect, except such taxes or and other Governmental Charges as may in good faith be contested or disputed and as to disputed, or for which adequate reserves (determined in accordance with GAAP) arrangements for deferred payment have been establishedmade; provided that in each such case appropriate reserves are maintained in accordance with GAAP and no Property material to the conduct property of the businesses of the any Loan Parties Party is at impending risk of being seized, levied upon or forfeited.

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes and other Governmental Charges prior to the date upon which penalties accrue thereon which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effect, except such taxes or and other Governmental Charges as may in good faith be contested or disputed and as to disputed, or for which adequate reserves (determined in accordance with GAAP) arrangements for deferred payment have been established; made, provided that in each such case no Property material appropriate reserves are maintained to the conduct reasonable satisfaction of the businesses of the Loan Parties is at impending risk of being seized, levied upon or forfeitedAdministrative Agent.

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes and other Governmental Charges whichprior to the date upon which penalties accrue thereon, which Governmental Charges, if unpaid, could be reasonably be expected likely to have a Material Adverse Effect, except such taxes or and other Governmental Charges as may in good faith be contested or disputed and as to disputed, or for which adequate reserves (determined in accordance with GAAP) arrangements for deferred payment have been establishedmade; provided that in each such case appropriate reserves are maintained in accordance with GAAP and no Property material to the conduct property of the businesses of the any Loan Parties Party is at impending risk of being seized, levied upon or forfeited.

Governmental Charges. Each Loan Party shall promptly pay and discharge when due all taxes Taxes and other Governmental Charges which, if unpaid, could reasonably be expected to have a Material Adverse EffectCharges, except such taxes or Taxes, Governmental -104- Charges as may in good faith be contested or disputed and as to disputed, or for which adequate reserves (determined in accordance with GAAP) arrangements for deferred payment have been establishedmade; provided that in each such case appropriate reserves are maintained in accordance with GAAP and no Property material to the conduct property of the businesses of the any Loan Parties Party is at impending risk of being seized, levied upon or forfeited.