Common use of Payment of Taxes and Trade Debt Clause in Contracts

Payment of Taxes and Trade Debt. Pay and discharge all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or business, or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all lawful claims, which, if unpaid, might become a lien or charge upon any properties of the Company, provided that the Company shall not be required to pay any such tax, assessment, charge, levy or claim that is being contested in good faith and by appropriate proceedings if the Company shall have set aside on its books and shall have funded, in accordance with generally accepted accounting principles, adequate reserves with respect thereto. Pay when due, or in conformity with customary trade terms, all lease obligations, all trade debt, and all other Indebtedness incident to the operations of the Company, except such as are being contested in good faith and by appropriate proceedings if the Company shall have set aside on its books and shall have funded, in accordance with generally accepted accounting principles, adequate reserves with respect thereto.

Payment of Taxes and Trade Debt. Pay and ------------------------------- discharge all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or business, or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all lawful claims, which, if unpaid, might become a lien or charge upon any properties of the CompanyCompany or a Company Subsidiary, provided that the Company shall not be required to pay any such tax, assessment, charge, levy or claim that is other than those which are being contested in good faith and by appropriate proceedings if the Company or such Company Subsidiary shall have set aside on its books and shall have fundedprovided, in accordance with generally accepted accounting principles, adequate reserves with respect thereto. Pay when due, or ; and pay in conformity with customary trade terms, all lease obligations, all trade debt, and all other Indebtedness indebtedness incident to the operations of the Companyits operations, except such as are being contested in good faith and by appropriate proceedings if the Company shall have set aside on its books and shall have fundedprovided, in accordance with generally accepted accounting principles, adequate appropriate reserves with respect thereto.

Payment of Taxes and Trade Debt. Pay and discharge ------------------------------- all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or business, or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all lawful claims, which, if unpaid, might become a lien or charge upon any properties of the CompanyCompany or a Company Subsidiary, provided that the Company shall not be required to pay any such tax, assessment, charge, levy or claim that is other than those which are being contested in good faith and by appropriate proceedings if the Company or such Company Subsidiary shall have set aside on its books and shall have fundedprovided, in accordance with generally accepted accounting principles, adequate reserves with respect thereto. Pay when due, or ; and pay in conformity with customary trade terms, all lease obligations, all trade debt, and all other Indebtedness indebtedness incident to the operations of the Companyits operations, except such as are being contested in good faith and by appropriate proceedings if the Company shall have set aside on its books and shall have fundedprovided, in accordance with generally accepted accounting principles, adequate appropriate reserves with respect thereto.