Payment of Taxes and Other Amounts. The Principal Borrower shall, and shall cause each of the other Obligors to, from time to time, file all material tax returns which are required to be filed and pay or cause to be paid all material Taxes, Other Taxes, levies, assessments (ordinary or extraordinary), governmental fees and dues, other required payments to Governmental Authorities, wages, workers’ compensation arrangements, government royalties, pension fund obligations and any other amounts, in each case, which may result in a Lien on their Property arising under statute or regulation (any of which being a “Levy”) and to make and remit other payments and all withholdings lawfully levied, assessed or imposed upon an Obligor or any of the assets of an Obligor, as and when the same become due and payable, except when and for so long as the validity of such Levy, payment or withholding is subject to a Permitted Contest or would not otherwise reasonably be expected to have a Material Adverse Effect.
Payment of Taxes and Other Amounts. The Borrower will pay promptly when due all taxes, assessments and governmental charges or levies imposed upon the Collateral or in respect of its income or profits therefrom, as well as all claims of any kind (including, without limitation, claims for labor, materials and supplies) against or with respect to the Collateral which have a reasonable likelihood of adverse determination, except that no such charge need be paid if (a) the validity or amount thereof is being contested in good faith, (b) such contest does not involve any material danger of the sale, forfeiture or loss of any material portion of the Collateral or any interest therein and (c) such charge is adequately reserved against the Borrower's books in accordance with GAAP or if the failure to pay such charge would not have a Material Adverse Effect.
Payment of Taxes and Other Amounts. Except as otherwise permitted under Section 5.3, all tax returns and reports of Company and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Company and its Subsidiaries and upon their respective properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable. No Credit Party knows of no proposed tax assessment against Company or any of its Subsidiaries which is not being actively contested by Company or such Subsidiary in good faith and by appropriate proceedings; provided, that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. Company and its Subsidiaries have paid in full all sums owing or claimed for labor, materials, supplies, personal property, and services of every kind and character used, furnished or installed in or on any Real Estate Asset that are now due and owing and no claim for same exists or will be permitted to be created, except such claims as may arise in the ordinary course of business and that are not yet past due.
Payment of Taxes and Other Amounts. Each of the Clean Line Parties shall pay or arrange for the payment of (before they become overdue) all present and future (a) Taxes (including stamp taxes), duties, fees, expenses, or other charges payable on or in connection with the Project or the execution, issue, delivery, registration, or notarization of, or for the legality, validity, or enforceability of, this Agreement, the Security Documents and the other Transaction Documents, (b) claims, levies, or liabilities (including claims for labor, services, materials and supplies) for sums that have become due and payable and that have resulted in or, if unpaid, might result in the imposition of a Lien upon the Property of any Clean Line Entity with respect to the Project Real Estate Rights on the AR Facilities (or any part thereof), (c) Taxes, payments, fees and expenses relating to the acquisition of the Project Real Estate Rights and (d) Local Government Contribution Payments.
Payment of Taxes and Other Amounts. The Borrower shall, and shall cause each of the other Borrower Group Members to, from time to time, file all tax returns that are required to be filed, pay or cause to be paid, all rents, Taxes, Other Taxes, rates, levies, assessments (ordinary or extraordinary), governmental fees and dues, wages, workers’ compensation arrangements, government royalties, pension fund obligations and any other amounts which may result in a Lien on their property and assets arising under statute or regulation (any of which being a Levy) and to make and remit all withholdings lawfully levied, assessed or imposed upon the Borrower, or any of the other Borrower Group Members or any of the assets of the Borrower, or any of the other Borrower Group Members, as and when the same become due and payable, except when and for so long as the validity of such Levy or withholding is subject to a Permitted Contest.
Payment of Taxes and Other Amounts. The Borrower will pay promptly when due all taxes, assessments and governmental charges or levies imposed upon the Collateral or in respect of its income or profits therefrom, as well as all claims of any kind (including, without limitation, claims for labor, materials and supplies) against or with respect to the Collateral which have a reasonable likelihood of adverse determination, except that no such charge need be paid if (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) such proceedings do not involve any material danger of the sale, forfeiture or loss of any material portion of the Collateral or any interest therein and (iii) such charge is adequately reserved against on the Borrower's books in accordance with GAAP.
Payment of Taxes and Other Amounts. Except as otherwise permitted under Section 5.2, all tax returns and reports of Holdings and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Holdings and its Subsidiaries and upon their respective properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable. No Credit Party knows of any proposed tax assessment against Holdings or any of its Subsidiaries which is not being actively contested by Holdings or such Subsidiary in good faith and by appropriate proceedings; provided, that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. Holdings and its Subsidiaries have paid in full all sums owing or claimed for labor, materials, supplies, personal property, and services of every kind and character used, furnished or installed in or on any Real Estate Asset that are now due and owing and no claim for same exists or will be permitted to be created, except such claims as may arise in the ordinary course of business and that are not yet past due. Each of Holdings and its Subsidiaries has (i) withheld from each payment made to any of its past or present employees, officers or directors, and to any non-resident of the country in which it is a resident, the amount of all Taxes and other deductions required to be withheld therefrom and has paid the same to the Governmental Authority within the time required under any applicable legislation, and (ii) collected and remitted to the appropriate Governmental Authority when required by law to do so all material amounts collectible and remittable in respect of sales Taxes including, without limitation, goods and services and value added taxes and similar federal, provincial or state Taxes, and has paid all such amounts payable by it on account of such sales Taxes.
Payment of Taxes and Other Amounts. Borrower will pay when due and payable (a) all taxes, assessments and governmental charges imposed upon it or upon its Property and (b) all accounts payable in conformity with customary trade terms, in each case unless the validity or amount thereof is being contested in good faith by appropriate proceedings, and Borrower shall have established adequate reserves in accordance with GAAP.
Payment of Taxes and Other Amounts. The Company will, and will cause each of its Subsidiaries to, pay (a) all taxes, assessments and governmental charges imposed upon it or upon its property and (b) all accounts payable in conformity with customary trade terms, in each case unless the validity or amount thereof is being contested in good faith by appropriate proceedings, and the Company (or its Subsidiary, as applicable) has established adequate reserves in accordance with GAAP.
Payment of Taxes and Other Amounts. Such Borrower will pay promptly when due all taxes, assessments and governmental charges or levies imposed upon the Collateral or in respect of its income or profits therefrom, as well as all claims of any kind (including, without limitation, claims for labor, materials and supplies) against or with respect to the Collateral which have a reasonable likelihood of adverse determination, except that no such tax, assessment, levy or charge need be paid if the validity or amount thereof is being contested in good faith by appropriate proceedings.
