Common use of Payment of Tax Obligations Clause in Contracts

Payment of Tax Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, (a) unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary or (b) except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Payment of Tax Obligations. Pay and discharge discharge, or cause to be paid and discharged, as the same shall become due and payable, all its obligations Federal and liabilities, including state Tax liabilities and all tax liabilities, assessments and governmental charges or levies other Tax liabilities upon it or its properties or assets, unless (a) unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the such Borrower or such Subsidiary or (b) except to the extent that the failure to do so could make such payment or discharge such liability would not reasonably be expected to have result in a Material Adverse Effect.

Payment of Tax Obligations. Pay and discharge discharge, or cause to be paid and discharged, as the same shall become due and payable, all its obligations Federal and liabilities, including state Tax liabilities and all tax liabilities, assessments and governmental charges or levies other Tax liabilities upon it or its properties or assets, unless (a) unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary or (b) except to the extent that the failure to do so could make such payment or discharge such liability would not reasonably be expected to have result in a Material Adverse Effect.

Payment of Tax Obligations. Pay and discharge discharge, as the same shall become due and payable, all its obligations federal, state and liabilities, including all other material tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless (a) unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower Loan Party or such Subsidiary or (b) except with respect to the extent any Subsidiary that is not a Material Subsidiary, the failure to do so pay or discharge that could not reasonably be expected to have a Material Adverse Effect.

Payment of Tax Obligations. Pay and discharge discharge, or cause to be paid and discharged, as the same shall become due and payable, all its obligations Federal and liabilities, including state Tax liabilities and all tax liabilities, assessments and governmental charges or levies other Tax liabilities upon it or its properties or assets, unless (a) unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary or (b) except to the extent that the failure to do so could make such payment or discharge such liability would not reasonably be expected to have result in a Material Adverse Effect.