Common use of Payment of Taxes and Other Claims Clause in Contracts

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 29 contracts

Samples: Indenture (CNH Industrial Capital LLC), Indenture (CNH Industrial Capital LLC), Indenture (CNH Capital LLC)

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Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Restricted Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Restricted Subsidiary and (ii2) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability, or Lien upon the property property, of it the Company or any of its SubsidiariesRestricted Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 22 contracts

Samples: Indenture (Carrols Corp), Indenture (Global Telesystems Europe B V), Indenture (Scot Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or property of it the Company or any of its Subsidiaries Restricted Subsidiaries, and (ii2) all lawful material claims for labor, materials and supplies thatwhich, if unpaid, might would by law become a Lien lien upon the property of it the Company or any of its SubsidiariesRestricted Subsidiaries that is not a Permitted Lien; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been takenproceedings.

Appears in 20 contracts

Samples: 2016 Credit Agreement (Herc Holdings Inc), Indenture (United Rentals North America Inc), Indenture (United Rentals North America Inc)

Payment of Taxes and Other Claims. The Company Issuer shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company Issuer shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 18 contracts

Samples: Indenture (Hercules Offshore, Inc.), Indenture (Hercules Offshore, Inc.), Indenture (Hercules Offshore, Inc.)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or property of it the Company or any of its Subsidiaries Restricted Subsidiaries, and (ii2) all lawful material claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien lien upon the property of it the Company or any of its Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been takenproceedings.

Appears in 14 contracts

Samples: Indenture (United Rentals Inc /De), Indenture (United Rentals Gulf Inc), Indenture (United Rentals Inc /De)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose if the amount, applicability or validity thereof is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which an adequate reserves, reserve has been established therefor to the extent required under by GAAP, have been taken.

Appears in 14 contracts

Samples: Indenture (Lamar Advertising Co/New), Lamar Advertising Co/New, Lamar Advertising Co/New

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Restricted Subsidiary or upon the income, profits or Property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Restricted Subsidiary and (iib) all lawful claims for labor, materials and supplies thatsupplies, which, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its SubsidiariesRestricted Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under appropriate provision has been made in accordance with GAAP, have been taken.

Appears in 12 contracts

Samples: Indenture (Xto Energy Inc), Indenture (Xto Energy Inc), Indenture (Xto Energy Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Restricted Subsidiaries or properties upon the income, profits or property of it or any of its the Restricted Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 9 contracts

Samples: First Supplemental Indenture (Tenneco Inc), Indenture (Tenneco Inc), Indenture (Tenneco Inc)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or property of it the Company or any of its Subsidiaries Restricted Subsidiaries, and (ii2) all lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien lien upon the property of it the Company or any of its Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been takenproceedings.

Appears in 9 contracts

Samples: Nextel Communications Inc, Nextel Communications Inc, Indenture (Universal Brixius Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all material lawful claims for labor, materials materials, supplies and supplies services that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company there shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessmentassessment or charge, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, provision has been made or where the failure to effect such payment or discharge is not adverse in any material respect to the extent required under GAAP, have been takenHolders.

Appears in 7 contracts

Samples: Indenture (Capstar Broadcasting Partners Inc), Indenture (Capstar Broadcasting Partners Inc), Chancellor Media Mw Sign Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under and in accordance with GAAP, have been taken.

Appears in 6 contracts

Samples: Indenture (Terex Corp), Indenture (Terex Corp), Indenture (Amida Industries Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 5 contracts

Samples: Indenture (Versatel Telecom International N V), Indenture (Versatel Telecom International N V), Indenture (Sheffield Steel Corp)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries Restricted Subsidiary or properties of it or any of its Subsidiaries Subsidiary and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its SubsidiariesRestricted Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 4 contracts

Samples: Indenture (Hawk Motors Inc), Indenture (Hawk Corp), Indenture (Hawk Brake Inc)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Subsidiary prior to the date on which material penalties attach thereto and (iib) all lawful claims for labor, materials and supplies thatsupplies, which, if unpaid, might by law become a Lien material liability or lien upon the property of it the Company or any of its SubsidiariesSubsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reservesappropriate accruals, to if necessary (in the extent required under good faith judgment of management of the Company) are being maintained in accordance with GAAP, have been taken.

Appears in 4 contracts

Samples: Indenture (Wheeler Real Estate Investment Trust, Inc.), Indenture (Wheeler Real Estate Investment Trust, Inc.), Wheeler Real Estate Investment Trust, Inc.

Payment of Taxes and Other Claims. The Company shall pay or --------------------------------- discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or Property of it the Company or any of its Restricted Subsidiaries and (iib) all material lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its Restricted Subsidiaries; provided, however, provided that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted upon stay of execution or the enforcement thereof and diligently conducted for which adequate reserves, to the extent required under GAAP, have reserves in accordance with GAAP or other appropriate provision has been takenmade.

Appears in 4 contracts

Samples: McLeodusa Inc, McLeodusa Inc, McLeodusa Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries Subsidiary or properties of it or any of its Subsidiaries Subsidiary and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its SubsidiariesSubsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Indenture (Icn Pharmaceuticals Inc), International Knife & Saw Inc, Icn Pharmaceuticals Inc

Payment of Taxes and Other Claims. The Company shall pay or --------------------------------- discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 3 contracts

Samples: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc), Cybernet Internet Services International Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it the Company or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: 3003969 Nova Scotia LTD, Sickinger Co, Atc Group Services Inc /De/

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or Property of it the Company or any of its Restricted Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its Restricted Subsidiaries; provided, however, provided that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted upon stay of execution or the enforcement thereof and diligently conducted for which adequate reserves, to the extent required under GAAP, have reserves in accordance with GAAP or other appropriate provision has been takenmade.

Appears in 3 contracts

Samples: Indenture (PLD Telekom Inc), Indenture (PLD Telekom Inc), American Communications Services Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties Properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property Property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Indenture (Transportation Technologies Industries Inc), Supplemental Indenture (TNP Enterprises Inc), Brickman Group LTD

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Restricted Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Restricted Subsidiary and (iib) all lawful claims for labor, materials and supplies thatsupplies, which, if unpaid, might by law become a Lien material liability or lien upon the property of it the Company or any of its SubsidiariesRestricted Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate appropriate reserves, to if necessary (in the extent required under good faith judgment of management of the Company), are being maintained in accordance with GAAP, have been taken.

Appears in 3 contracts

Samples: Indenture (Citadel License Inc), Indenture (Citadel License Inc), Indenture (CCC Capital Trust Ii)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the -------- ------- Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Registration Rights Agreement (Therma Wave Inc), Registration Rights Agreement (Therma Wave Inc), Registration Rights Agreement (Management Solutins Inc/)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become be come delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries' properties and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it its properties or any of its Subsidiaries' properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being or shall be contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Coinmach Laundry Corp, Appliance Warehouse of America Inc, Coinmach Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries' properties and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it its properties or any of its Subsidiaries' properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being or shall be contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Registration Rights Agreement (New World Coffee Manhattan Bagel Inc), Article Twelve (Discovery Zone Inc), Coinmach Laundry Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Restricted Subsidiaries or properties upon the income, profits or property of it or any of its Restricted Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Restricted Subsidiaries; providedPROVIDED, howeverHOWEVER, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under appropriate provision has been made in accordance with GAAP, have been taken.

Appears in 3 contracts

Samples: Dollar Indenture (MDCP Acquisitions I), Dollar Indenture (MDCP Acquisitions I), MDCP Acquisitions I

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries' properties and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might would by law become a Lien upon the property of it its properties or any of its Subsidiaries' properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith and by appropriate proceedings properly instituted and diligently conducted and for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 3 contracts

Samples: Indenture (Orbital Imaging Corp), Orbital Imaging Corp, Orbital Imaging Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or property of it the Company or any of its Subsidiaries Restricted Subsidiaries, and (ii2) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it the Company or any of its Restricted Subsidiaries; provided, however, provided that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which disputed amounts adequate reserves, reserves have been accrued to the extent required under by GAAP, have been taken.

Appears in 2 contracts

Samples: Indenture (Calenergy Co Inc), Calenergy Co Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent(1) on a timely basis, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Subsidiary, and (ii2) before the same shall become delinquent, all material lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien lien upon the property of it the Company or any of its SubsidiariesSubsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which disputed amounts adequate reserves, to the extent required under GAAP, reserves have been takenmade in accordance with GAAP.

Appears in 2 contracts

Samples: Indenture (Fidelis Insurance Holdings LTD), Indenture (Fidelis Insurance Holdings LTD)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or Property of it the Company or any of its Restricted Subsidiaries and (iib) all material lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its Restricted Subsidiaries; provided, however, PROVIDED that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted upon stay of execution or the enforcement thereof and diligently conducted for which adequate reserves, to the extent required under GAAP, have reserves in accordance with GAAP or other appropriate provision has been takenmade.

Appears in 2 contracts

Samples: Indenture (McLeodusa Inc), Indenture (McLeodusa Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) in all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials materials, and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 2 contracts

Samples: Security Agreement (Galvestons Steakhouse Corp), Securities Purchase Agreement (Galvestons Steakhouse Corp)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i1) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Subsidiary, and (ii2) all material lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a Lien lien upon the property of it the Company or any of its SubsidiariesSubsidiary unless such lien would not have a material adverse effect upon such property; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim (i) whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted or (ii) for which the Company has set apart and maintains an adequate reserves, to the extent required under GAAP, have been takenreserve.

Appears in 2 contracts

Samples: New Plan Excel Realty Trust Inc, New Plan Realty Trust

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company, QS Wholesale or any of its Subsidiaries Subsidiary and (ii) all lawful claims for labor, materials and supplies thatsupplies, which, if unpaid, might by law become a Lien material liability or lien upon the property of it the Company, QS Wholesale or any of its SubsidiariesSubsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate appropriate reserves, to if necessary (in the extent required under good faith judgment of the Company) are being maintained in accordance with GAAP, have been taken.

Appears in 2 contracts

Samples: Quiksilver (Quiksilver Inc), Quiksilver (Quiksilver Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Restricted Subsidiaries or properties upon the income, profits or property of it or any of its Restricted Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under appropriate provision has been made in accordance with GAAP, have been taken.

Appears in 2 contracts

Samples: Dollar Indenture (JSG Acquisitions I), JSG Acquisitions I

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose if the amount, applicability or validity thereof is being contested in good 51 -44- faith by appropriate proceedings properly instituted and diligently conducted for which an adequate reserves, reserve has been established therefor to the extent required under by GAAP, have been taken.

Appears in 1 contract

Samples: Outdoor Systems Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, -------- however, that the Company shall not be required to pay or discharge or cause to ------- be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Management Solutins Inc/

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Subsidiaries or properties upon the income, profits or property of it or any of its the Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Subsidiaries; provided, however, that the Company shall not be -------- ------- required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Indenture (Ametek Inc/)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become be come delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries’ properties and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it its properties or any of its Subsidiaries’ properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being or shall be contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Pledge Agreement (Coinmach Service Corp)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries Subsidiary thereof or properties of it or any of its Subsidiaries Subsidiary thereof and (iib) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its SubsidiariesSubsidiary thereof; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Subsidiary Pledge Agreement (Mounger Corp)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries' properties and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it its properties or any of its Subsidiaries' properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being or will be contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Info Usa

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it the Company or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Young America Holdings Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, 58 -50- if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: McMS Inc

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Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Subsidiaries or properties upon the income, profits or property of it or any of its the Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Second Supplemental Indenture (Tenneco Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Restricted Subsidiary or upon the income, profits or Property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Restricted Subsidiary and (ii) all lawful claims for labor, materials and supplies thatsupplies, which, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its SubsidiariesRestricted Subsidiary; providedPROVIDED, howeverHOWEVER, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under appropriate provision has been made in accordance with GAAP, have been taken.

Appears in 1 contract

Samples: Indenture (Bellwether Exploration Co)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might could reasonably be expected, by law law, to become a Lien material liability or lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reservesprovision has been made or for which adequate reserved, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Purchase Agreement (TRC Companies Inc /De/)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries Restricted Subsidiary or properties of it or any of its Subsidiaries Subsidiary and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its SubsidiariesRestricted Subsidiary; providedPROVIDED, howeverHOWEVER, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate negotiations or proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Hutchinson Products Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquentany penalty accrues thereon, (i) all income and other material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, if unpaid, might by law become a material Lien upon the property of it the Company or any of its Subsidiaries; provided, however, provided that none of the Company or any Subsidiary shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose claims the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have provision has been takenmade.

Appears in 1 contract

Samples: Indenture (Hudson United Bancorp)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (iib) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAPIFRS, have been taken.

Appears in 1 contract

Samples: cms.posadas.com

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including including, without limitation, withholding taxes and any penalties, interest and additions in addition to taxes) levied or imposed upon it its or any of its Subsidiaries Subsidiaries, income, profits or properties of it or any of its Subsidiaries property and (iib) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that that, subject to the terms of the applicable Security Documents, the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which contested amounts adequate reserves, to the extent required under GAAP, reserves have been takenmade.

Appears in 1 contract

Samples: Section (Toms Foods Inc)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any Subsidiary or upon the income, profits or property of its Subsidiaries or properties of it the Company or any of its Subsidiaries Subsidiary, and (iib) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien (other than a Permitted Lien) upon the property of it the Company, or any of its SubsidiariesSubsidiary; provided, however, that the Company shall not be -------- ------- required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for with respect to which an adequate reserves, reserve has been established by the Company to the extent required under by GAAP, have been taken.

Appears in 1 contract

Samples: New Millennium Homes LLC

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company -------- ------- shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently dili- gently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Collins & Aikman Floor Coverings Inc

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Subsidiaries or properties upon the income, profits or property of it or any of its the Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Subsidiaries; provided, however, that the Company shall not be -------- ------- required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted and for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Leslies Poolmart Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquentany penalty accrues thereon, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Subsidiaries Restricted Subsidiary or properties of it upon the income, profits or property or any of its Subsidiaries Restricted Subsidiary and (ii) all lawful claims for labor, materials and supplies thatwhich, if unpaid, might would by law become a Lien upon the property of it the Company or any of its SubsidiariesRestricted Subsidiary; provided, however, provided that neither the Company nor any Restricted Subsidiary shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose claims the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have provision has been takenmade.

Appears in 1 contract

Samples: Associated Materials Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.proceedings

Appears in 1 contract

Samples: Ameristar Casinos Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries’ properties and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it its properties or any of its Subsidiaries’ properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being or shall be contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Registration Rights Agreement (New World Restaurant Group Inc)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Subsidiaries or properties upon the income, profits or property of it or any of its the Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate provision has been made or for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Note Agreement (Casual Male Retail Group Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Restricted Subsidiaries or properties of it or any of its Restricted Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Restricted Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Supplemental Indenture (Ifco Systems Nv)

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, all (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Subsidiaries or properties upon the income, profits or property of it the Company or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the any property of it the Company or any of its Subsidiaries; provided, -------- however, that the Company shall not be required to pay or discharge or cause to ------- be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly promptly instituted and diligently conducted and for which an adequate reserves, reserve has been established to the extent required under by GAAP, have been taken.

Appears in 1 contract

Samples: Tultex Corp

Payment of Taxes and Other Claims. The Company shall --------------------------------- pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Prestolite Electric Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be -------- ------- required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Sheffield Steel Corp

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Restricted Subsidiaries or properties upon the income, profits or Property of it the Company or any of its Restricted Subsidiaries and (iib) all lawful claims for labor, materials material and supplies thatwhich, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its Restricted Subsidiaries; provided, however, provided that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted upon stay of execution or the enforcement thereof and diligently conducted for which adequate reserves, to the extent required under GAAP, have reserves in accordance with GAAP or other appropriate provision has been takenmade.

Appears in 1 contract

Samples: Indenture (Usn Communications Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material Lien upon or a material liability affecting the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Weight Watchers International Inc

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or its properties of it or any of its Subsidiaries Subsidiaries’ properties and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might would by law become a Lien upon the property of it its properties or any of its Subsidiaries’ properties; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith and by appropriate proceedings properly instituted and diligently conducted and for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Note and Security (Orbimage Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company -------- ------- shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have been taken.

Appears in 1 contract

Samples: Dade International Inc

Payment of Taxes and Other Claims. SECTION 1.1. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under and in accordance with GAAP, have been taken.

Appears in 1 contract

Samples: Indenture (Terex Corp)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquentany penalty accrues thereon, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it the Company or any of its Subsidiaries Restricted Subsidiary or properties of it upon the income, profits or property or any of its Subsidiaries Restricted Subsidiary and (ii) all lawful lawful, material claims for labor, materials and supplies thatwhich, if unpaid, might would by law become a Lien upon the property of it the Company or any of its SubsidiariesRestricted Subsidiary; provided, however, provided that neither the Company nor any Restricted Subsidiary shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose claims the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have provision has been takenmade.

Appears in 1 contract

Samples: Indenture (Associated Materials Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties upon the income, profits or property of it or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Note Purchase Agreement (Alarmguard Holdings Inc)

Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its Subsidiaries or properties Properties of it the Company or any of its Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property Property of it the Company or any of its Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings properly instituted and diligently conducted for which adequate reserves, or where the failure to effect such payment is not adverse in any material respect to the extent required under GAAP, have been takenHolders.

Appears in 1 contract

Samples: Mariner Health Care Inc

Payment of Taxes and Other Claims. The Company shall will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (ia) all material taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon it or any of its the Subsidiaries or properties upon the income, profits or property of it or any of its the Subsidiaries and (iib) all lawful claims for labor, materials and supplies thatwhich, in each case, if unpaid, might by law become a material liability or Lien upon the property of it or any of its the Subsidiaries; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose the amount, applicability or validity of which is being contested in good faith by appropriate proceedings properly instituted and diligently conducted and for which adequate reserves, to the extent required under GAAP, have appropriate provision has been takenmade.

Appears in 1 contract

Samples: Indenture (Leslies Poolmart Inc)

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