Payment of Liabilities and Taxes. The Borrower shall pay, when due, all of its indebtedness and liabilities, and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, F.I.C.A. payments and withholding taxes) upon the Borrower or upon the Borrower's income, profits or property, except to the extent the amount or validity thereof is contested in good faith by appropriate proceedings so long as adequate reserves have been set aside therefor.
Payment of Liabilities and Taxes. Pay, when due, all of its liabilities, and timely file all tax returns and pay and discharge promptly all taxes, assessments and governmental charges and levies upon Sun-Ex or upon Sun-Ex’s income, profits or property, except to the extent the amount or validity thereof is contested in good faith by appropriate proceedings so long as adequate cash reserves have been set aside therefor and enforcement of such contested indebtedness, liability or tax is stayed. Notwithstanding the foregoing covenant, the Solar Cell Owner shall indemnify and hold Sun- Ex harmless, on a pro rata basis (based on the Ownership Percentage) against any and all claims by any tax authority for any underpayment of sales, use, goods and services, value added or any other tax or levy and any penalties or interest levied thereon where such underpayment was made in the bona fide but mistaken belief that it was correct;
Payment of Liabilities and Taxes. Pay, when due, all of its indebtedness and liabilities, and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, FICA payments and withholding taxes) upon the Borrower or upon the Borrower’s income, profits or property (including, without limitation, the Collateral), except to the extent the amount or validity thereof is contested in good faith by appropriate proceedings so long as adequate reserves have been set aside therefor.
Payment of Liabilities and Taxes. The Borrower and each Subsidiary shall pay, when due, all of its Indebtedness and liabilities (including, without limitation, the Obligations), and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, F.I.C.A. payments and withholding taxes) upon the Borrower or such Subsidiary or upon the income, profits or property (including, without limitation, the Collateral) of the Borrower or any Subsidiary, except to the extent the amount or validity thereof is contested in good faith and diligently pursued, and adequate reserves have been set aside therefor if required by GAAP.
Payment of Liabilities and Taxes. Pay, when due subject to applicable grace periods, all of its indebtedness and liabilities (including, without limitation, the Obligations (when and if due)), and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, F.I.C.A. payments and withholding taxes) upon it or upon its income, profits or property (including, without limitation, the Collateral), except to the extent the amount or validity of any of the foregoing is contested in good faith by appropriate proceedings so long as adequate reserves have been set aside therefor.
Payment of Liabilities and Taxes. Each of the Obligors shall pay, when due, all of its material liabilities, and pay and discharge promptly all material taxes, assessments and governmental charges and levies (including, without limitation, F.I.C.A. payments and withholding taxes) upon such Obligor or upon such Obligor's income, profits or property (including, without limitation, the Collateral), except to the extent the amount or validity thereof is contested in good faith by appropriate proceedings so long as adequate reserves have been set aside therefor.
Payment of Liabilities and Taxes. Pay, when due, all of its Indebtedness and liabilities, and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, F.I.
Payment of Liabilities and Taxes. Pay, and cause its subsidiaries to pay, when due, all indebtedness and liabilities (including, without limitation, the Obligations), and pay and discharge, and cause its subsidiaries to pay and discharge, promptly all taxes, assessments and governmental charges and levies (including, without limitation. F.I.
Payment of Liabilities and Taxes. Pay, when due, all of its -------------------------------- Indebtedness and liabilities, and pay and discharge promptly all taxes, assessments and governmental charges and levies (including, without limitation, F.I.
Payment of Liabilities and Taxes. Seller and the Shareholder agree that following the Closing Seller shall, and the Shareholder shall cause Seller to, continue to pay Seller's liabilities, including Taxes, other than the Assumed Liabilities as they may become due. The foregoing covenant shall be for the benefit of Buyer and Parent and shall not be deemed to give any third party rights under this Agreement.
