Payment of Royalties, Taxes, Withholdings, etc. The Borrower shall, and shall cause 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 Borrower and its Subsidiaries or any of the assets of the Borrower or 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 Borrower or its Subsidiaries by Permitted Contests or except to the extent that the failure to do, pay, make or remit the same does not and would not reasonably be expected to have a Material Adverse Effect, and to duly file on a timely basis all tax returns required to be filed.
Appears in 2 contracts
Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)
Payment of Royalties, Taxes, Withholdings, etc. The Borrower shall, and shall cause its Subsidiaries to, from time to time pay or cause to be paid when due, in all material respects, 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 Borrower and its Subsidiaries or any of the assets of the Borrower or 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 Borrower or its Subsidiaries by a Permitted Contests or Contest, and to duly file on a timely basis all material tax returns required to be filed, except to the extent that the failure to do, pay, make do or remit cause to be done the same does would not and have or would not reasonably be expected to have a Material Adverse Effect, and to duly file on a timely basis all tax returns required to be filed.
Appears in 1 contract
Samples: Debt Agreement
Payment of Royalties, Taxes, Withholdings, etc. The Borrower Issuer shall, and shall cause 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 Borrower Issuer and its Subsidiaries or any of the assets of the Borrower Issuer or 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 Borrower Issuer or its Subsidiaries by Permitted Contests or except to the extent that the failure to do, pay, make or remit the same does not and would not reasonably be expected to have a Material Adverse Effect, and to duly file on a timely basis all material tax returns required to be filedrequired.
Appears in 1 contract
Samples: Note Purchase Agreement (Bellatrix Exploration Ltd.)