Pay Taxes. pay and discharge all Taxes and governmental charges payable by or assessed upon it prior to the date on which the same become overdue unless, and only to the extent that, such Taxes and charges shall be contested in good faith by appropriate proceedings, pending determination of which payment may lawfully be withheld, and there shall (if the Auditors so advise) be set aside adequate reserves with respect to any such Taxes or charges so contested in accordance with GAAP;
Appears in 2 contracts
Samples: Invoice Discounting Agreement (Pei Holdings Inc), Credit Agreement (Cott Corp /Cn/)
Pay Taxes. pay and discharge all Taxes and governmental charges payable by or assessed upon it prior to the date on which the same become overdue unless, and only to the extent that, such Taxes and charges shall be contested in good faith by appropriate proceedings, pending determination of which payment may lawfully be withheld, and there shall (if the Auditors so advise) be set aside adequate reserves with respect to any such Taxes or charges so contested in accordance with GAAP;
Appears in 2 contracts
Samples: Credit Agreement (Inverness Medical Innovations Inc), Mezzanine Loan Agreement (Inverness Medical Innovations Inc)
Pay Taxes. pay Pay and discharge all Taxes and governmental charges payable by or assessed upon it prior to the date on which the same become overdue in accordance with good business practice unless, and only to the extent that, such Taxes and charges shall be contested in good faith by appropriate proceedings, pending determination of which payment may lawfully be withheld, - 39 - and there shall (if the Auditors so advise) be set aside adequate reserves with respect to any such Taxes or charges so contested in accordance with GAAP;.
Appears in 1 contract
Samples: Credit Agreement (Aon Corp)
Pay Taxes. pay and discharge all Taxes and governmental charges payable by or assessed upon it prior to the date on which the same become overdue unless, and only to the extent extend that, such Taxes and charges shall be contested in good faith by appropriate proceedings, pending determination of which payment may lawfully be withheld, and there shall (if the Auditors so advise) be set aside adequate reserves with respect to any such Taxes or charges so contested in accordance with GAAP;
Appears in 1 contract
