Payment of Taxes; Claims. Each Grantor represents and warrants that all Claims imposed upon or assessed against the Collateral have been paid and discharged except to the extent such Claims constitute Permitted Encumbrances.
Payment of Taxes; Claims. Debtor shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Pledged Collateral.
Payment of Taxes; Claims. Each Obligor will timely file all Tax returns as and when required pursuant to Applicable Law and pay and discharge or cause to be paid and discharged, promptly when due, all Taxes imposed upon them or in respect of the Project or any of the Project Assets or upon the income or profits therefrom as well as all claims of any kind (including claims for labour, materials, supplies and rent) which, if unpaid, might become a Lien upon any of its property or assets (other than Taxes the amount, applicability or validity of which are being contested in good faith by appropriate proceedings diligently conducted), withhold and collect all Taxes required to be withheld and collected by them and remit such Taxes to the appropriate Governmental Authority at the time and in the manner required by Applicable Law, and pay and discharge immediately upon knowledge by an Obligor of the existence of any Lien unless such Lien is a Permitted Lien.
Payment of Taxes; Claims. Pledgor shall pay, prior to the date on which material penalties attach thereto, all property and other material taxes, assessments and governmental charges or levies imposed upon, and all lawful claims (including claims for labor, materials and supplies) against, the Pledged Collateral which, if unpaid might become a Lien upon the Pledged Collateral. Notwithstanding the foregoing, Pledgor may at its own expense contest the amount or applicability of any of the obligations described in the preceding sentence as permitted under the Credit Agreement.
Payment of Taxes; Claims. The Borrower shall pay promptly when due all taxes, assessments and governmental charges or levies imposed upon, and all claims against, the Sinking Fund Collateral.
Payment of Taxes; Claims. Petrobras Finance shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all Taxes levied or imposed upon Petrobras Finance, except for any Tax the payment of which is being contested by it or on its behalf in good faith and by appropriate methods, and for which adequate reserves have been established to the extent required by general accounting principles in the United States and (ii) all other claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of Petrobras Finance.
Payment of Taxes; Claims. The Company shall pay promptly when due all property and other taxes, assessments and governmental charges or levies (other than those the Company is contesting in good faith and with respect to which it has made sufficient reserves on its financial statements) imposed upon, and all claims (including claims for labor, materials and supplies) against, the Collateral.
Payment of Taxes; Claims. Pledgor shall pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Pledged Collateral. Notwithstanding the foregoing, Pledgor may at its own expense contest the amount or applicability of any such taxes, assessments, governmental charges or levies by appropriate legal proceedings; provided, that (i) any such contest shall be conducted in good faith by appropriate proceedings promptly instituted and diligently conducted and (ii) in connection with such contest, Pledgor shall have made provision for the payment of such contested amount on Pledgor's books if and to the extent required by generally accepted accounting principles then used by Pledgor in the preparation of its financial statements or deposited with Collateral Agent a sum sufficient to pay and discharge such obligation and Collateral Agent's estimate of all interest and penalties related thereto.
Payment of Taxes; Claims. Debtor
(i) shall timely pay all property and other taxes, assessments and governmental charges or levies imposed upon the Collateral or any part thereof,
(ii) shall timely pay all lawful claims which, if unpaid, might become a lien or charge upon the Collateral or any part thereof (other than a Permitted Security Interest), unless, in each case of clauses (i) or (ii) above, same is being contested by Debtor in good faith by appropriate proceedings and (iii) shall maintain appropriate accruals and reserves for all such liabilities in a timely fashion in accordance with generally accepted accounting principles.
Payment of Taxes; Claims. The Debtor shall, and shall cause each of its Subsidiaries to, pay or discharge, or cause to be paid or discharged, before they become delinquent:
(i) all Taxes imposed upon the Debtor or any Subsidiary or upon their income or profits or in respect of business, or Property and file all tax returns in respect thereof;
(ii) all lawful claims for labour, materials and supplies;
(iii) all required payments under any of its Financial Indebtedness; and
(iv) all other obligations; provided, however, that the Debtor and any Subsidiary shall not be required to pay or discharge or to cause to be paid or discharged, any such amount so long as its validity or quantum is contested in good faith by appropriate proceedings, or a reserve has been established in its Books and Records in accordance with IFRS in an amount satisfactory to the Debentureholder in its sole discretion, acting reasonably.
