Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.
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Samples: Revolving Credit Agreement (Dividend & Income Fund), Revolving Credit Agreement (Midas Series Trust), Revolving Credit Agreement (Foxby Corp.)
Laws and Taxes. The Such Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Such Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all tax returns required tax returnsto be filed by it, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the such Borrower.
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Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The , the Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.
Appears in 1 contract
Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc)
Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.
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