Common use of Payment of Royalties, Taxes, Withholdings, etc Clause in Contracts

Payment of Royalties, Taxes, Withholdings, etc. The Canadian Borrower shall, and shall cause each of its Subsidiaries to, from time to time pay or cause to be paid all royalties, rents, Taxes, rates, levies or assessments, ordinary or extraordinary, governmental fees or dues, and to make and remit all withholdings, lawfully levied, assessed or imposed upon the Canadian Borrower and its Subsidiaries or any of the assets of the Canadian Borrower or any of its Subsidiaries, as and when the same become due and payable, except when and so long as the validity of any such royalties, rents, Taxes, rates, levies, assessments, fees, dues or withholdings is being contested by the Canadian Borrower or its Subsidiaries by a Permitted Contest.

Appears in 3 contracts

Samples: Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

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Payment of Royalties, Taxes, Withholdings, etc. The Canadian Each Borrower shall, and shall cause each of its Subsidiaries Subsidiary to, from time to time pay or cause to be paid all royalties, rents, Taxes, rates, levies or assessments, ordinary or extraordinary, governmental fees or dues, and to make and remit all withholdings, lawfully levied, assessed or imposed upon the Canadian Borrower and or any of its Subsidiaries or any of the assets of the Canadian Borrower or 95 any of its Subsidiaries, as and when the same become due and payable, except when and so long as the validity of any such royalties, rents, Taxes, rates, levies, assessments, fees, dues or withholdings is being contested by the Canadian Borrower or any of its Subsidiaries by a Permitted Contest.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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Payment of Royalties, Taxes, Withholdings, etc. The Canadian Each Borrower shall, and shall cause each of its Subsidiaries Subsidiary to, from time to time pay or cause to be paid all royalties, rents, Taxes, rates, levies or assessments, ordinary or extraordinary, governmental fees or dues, and to make and remit all withholdings, lawfully levied, assessed or imposed upon the Canadian Borrower and or any of its Subsidiaries or any of the assets of the Canadian Borrower or any of its Subsidiaries, as and when the same become due and payable, except when and so long as the validity of any such royalties, rents, Taxes, rates, levies, assessments, fees, dues or withholdings is being contested by the Canadian Borrower or any of its Subsidiaries by a Permitted Contest.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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