Common use of Payment of Taxes and Governmental Obligations Clause in Contracts

Payment of Taxes and Governmental Obligations. RCFC will pay and discharge, at or before maturity, all of its respective material obligations and liabilities, including, without limitation, tax liabilities and other governmental claims, except where the same may be contested in good faith by appropriate proceedings, and will maintain, in accordance with GAAP, reserves as appropriate for the accrual of any of the same.

Appears in 6 contracts

Samples: Second Amended and Restated Series 2013 B Supplement (Hertz Corp), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!