Payment of Debts and Taxes. Pay all Debt and perform all obligations promptly and in accordance with their terms, and pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower's property. Borrower shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
Payment of Debts and Taxes. The Borrower and its Subsidiaries shall pay all debts, liabilities, taxes, assessments and other governmental charges when due in the ordinary course; provided, however, that no such debt, liability, tax, assessment or other governmental charge need be paid if such is being contested in good faith by appropriate legal proceedings promptly initiated and diligently conducted and if such reserves or other appropriate provision, if any, as shall be required by GAAP shall have been made therefor.
Payment of Debts and Taxes. (i) The Borrower and each Guarantor: (a) has filed all required federal and material state and local tax returns with appropriate taxing authorities respecting its operations, assets and properties; and (b) has paid or caused to be paid all taxes shown on those returns to the extent due, and has paid all tax or other assessments imposed by Governmental Authorities, except in either case taxes which are being contested in good faith and for which adequate bonds or other sureties as required by law have been posted by the Borrower or Guarantor.
(ii) The Borrower and each Guarantor is current in its payment of Debts (other than Debt in an aggregate amount not to exceed $1,000,000.00) and performance of material obligations under Material Agreements (other than taxes) except those being contested in good faith.
Payment of Debts and Taxes. Except as set forth on Schedule 3.06 hereto, and to the extent to which the failure to do so would have a Material Adverse Effect, the Seller:
(a) has duly and timely filed all required Tax Returns with the appropriate taxing authorities, which Tax Returns are true, correct and complete in all material respects; (b) has duly and timely paid or caused to be paid all Taxes for which the Seller is or may be liable as shown on those Tax Returns; (c) has made full provision for the payment of all Taxes that have accrued but which were not due and payable on or before the Closing Date; and (d) has duly and timely withheld or collected and paid over to the appropriate taxing authorities all Taxes required to have been withheld or collected and paid over by it. To the extent to which the failure to do so would have a Material Adverse Effect, no adjustment relating to any such Tax Return has been proposed formally or informally by any taxing authority or any representative thereof, and there is no request for information currently outstanding that could affect any Tax for which the Seller is or may be liable or to which any of the Assets or the Business may be subject. To the Seller's knowledge, there is no pending audit, examination, investigation, action or other proceeding relating to the assessment or allocation of any Tax for which any of the Assets may be subject and to the Seller's knowledge, no such audit, examination, investigation, action, proceeding, adjustment or request has been threatened. There is no outstanding waiver or agreement that extends the statute of limitations for any period with respect to the assessment or collection of any Tax for which the Seller is or may be liable relating to any of the Assets. There is no Tax Lien on any of the Assets. The Seller is current in its payment of debts and performance of obligations with respect to the Assets (other than Taxes), except to the extent payment or performance is not or would not yet be required under applicable law and except to the extent failure to so pay or perform would not have a Material Adverse Effect.
Payment of Debts and Taxes. 12 7.13 INSURANCE .......................................... 12 ARTICLE 8: NEGATIVE COVENANTS .............................. 12
Payment of Debts and Taxes. Except as would not reasonably be expected to have a material adverse effect on Borrower, and giving effect to applicable extensions and grace periods, (i) pay all Debt and perform all obligations promptly and in accordance with their terms, and (ii) pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower's property. Borrower shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
Payment of Debts and Taxes. 49 Section 3.09. Indebtedness, Credit Support, ERISA Plans, Etc.....................49 Section 3.10.
Payment of Debts and Taxes. (a) Each Borrower: (i) has filed all required tax returns with the appropriate taxing authorities respecting its operations, assets and properties; and (ii) has paid or caused to be paid all taxes shown on those returns to the extent due; except in either case to the extent that (A) extensions of time to make such filing have been duly granted by the appropriate taxing authorities and those extensions have not expired, or (B) payment is not yet required pursuant to Section 5.06 hereof.
(b) Each Borrower is current in its payment of debts and performance of obligations (other than taxes) except to the extent payment or performance is not yet required pursuant to Section 5.06 hereof
Payment of Debts and Taxes. The Company shall pay, or cause to be paid, all of its debts and perform, or cause to be performed, all of its obligations promptly and in accordance with the respective terms thereof, and promptly pay and discharge, or cause to be paid and discharged, all taxes, assessments and governmental charges or levies imposed upon it, upon its income or receipts or upon any of its assets or properties before the same shall become in default, as well as pay all lawful claims for labor, materials and supplies or otherwise that, if not so paid, could or would result in the imposition of a lien or charge upon such assets or properties or any part thereof; provided, however, that it shall not constitute an Event of Default hereunder if the Company fails to perform any such obligation or to pay any such debt (except for any Indebtedness owing under or in respect of any Operative Document), tax, assessment, or governmental or other charge, levy or claim that is being contested in good faith and by proper proceedings diligently pursued, if the effect of such failure to pay or perform has not been to accelerate the maturity thereof or of any other material debt or obligation of the Company or to subject any part of the assets and properties of the Company to forfeiture, and if the Company has obtained therefor an adequate bond or adequate insurance or established therefor a reserve of an adequate amount.
Payment of Debts and Taxes. Pay all of its liabilities as they come due and perform all obligations promptly and in accordance with their terms, and pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower’s property. Borrower shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
