Common use of Payment of Indebtedness, Taxes, Etc Clause in Contracts

Payment of Indebtedness, Taxes, Etc. The Borrowers shall, and (to the extent of its right to do so) shall cause each other Consolidated Entity to (a) pay its Liabilities in accordance with normal terms and (b) pay and discharge or cause to be paid and discharged promptly all taxes, assessments and other charges or levies of Governmental Authorities imposed upon it or upon its income and profits or upon any of its properties, real, personal or mixed before the same shall become in default, as well as all lawful claims for labor, materials and supplies or otherwise, which, if unpaid, might become a Lien upon such properties or any part thereof; provided, however, that the Borrowers and the other Consolidated Entities shall not be required to pay and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be duly pursued and contested in good faith by appropriate proceedings and the Borrowers and the other Consolidated Entities shall maintain adequate reserves for such taxes, assessments, charges or levies during the pendency of such proceedings.

Payment of Indebtedness, Taxes, Etc. The Borrowers shall, Borrower will and (to the extent of its right to do so) shall will cause each other Consolidated Entity to Subsidiary to: (a) pay all of its Liabilities indebtedness and obligations promptly and in accordance with normal terms terms, and (b) file when due, and pay and discharge or cause to be paid and discharged promptly when due, all material taxes, assessments assessments, and other governmental charges or levies of Governmental Authorities imposed upon it or upon its income and profits profits, or upon any of its propertiesproperty, real, personal or mixed before the same shall become in defaultmixed, or upon any part thereof, as well as all lawful claims for labor, materials and supplies or otherwise, otherwise which, if unpaid, might become a Lien lien or charge upon such properties or any part thereof; provided, however, that the Borrowers and the other Consolidated Entities neither Borrower nor any Subsidiary shall not be required to pay and discharge or to cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be duly pursued and contested in good faith by appropriate proceedings and Borrower or such Subsidiary, as the Borrowers and the other Consolidated Entities case may be, shall maintain have set aside on its books adequate reserves for (as may be required in accordance with generally accepted accounting principles) with respect to any such taxestax, assessmentsassessment, charges charge, levy or levies during the pendency of such proceedingsclaim, so contested.

Payment of Indebtedness, Taxes, Etc. The Borrowers shall, and (to the extent Pay all of its right to do so) shall cause each other Consolidated Entity to (a) pay its Liabilities Indebtedness and obligations promptly and in accordance with normal terms and (b) comply in all material respects with all material agreements, indentures, mortgages, or documents binding on it or affecting its properties or business; and pay and discharge or cause to be paid and discharged promptly all taxes, assessments and other governmental charges or levies of Governmental Authorities imposed upon it or upon its income and profits property or upon any of its propertiespart thereof, real, personal or mixed before the same shall become in default, as well as all lawful claims for labor, labor materials and supplies or otherwise, otherwise which, if unpaid, might become a Lien upon such properties or any part thereof; provided, however, that neither the Borrowers and the other Consolidated Entities Borrower nor any of its Subsidiaries shall not be required to pay and discharge or to cause to be paid and discharged any such Indebtedness, obligation, tax, assessment, charge, levy levy, or claim so long as the validity thereof shall be duly pursued and contested in good faith by appropriate proceedings and the Borrowers and Borrower or such Subsidiary, as the other Consolidated Entities case may be, shall maintain have set aside on its books adequate reserves for such taxeswith respect to any Indebtedness, assessmentsobligation, charges tax, assessment, charge, levy or levies during the pendency of such proceedingsclaim, so contested.