Common use of Payment of Taxes, Compliance with Laws, etc Clause in Contracts

Payment of Taxes, Compliance with Laws, etc. The Company shall pay and discharge all lawful taxes, assessments and governmental charges or levies imposed upon it or its income or property before the occurrence of any default, as well as all lawful claims for labor, materials and supplies which, if not paid when due, might become a lien or charge upon its property or any part thereof; provided, however, that the Company shall not be required to pay and discharge any such tax, assessment, charge, levy or claim so long as the validity thereof is being contested by the Company in good faith by appropriate proceedings and an adequate reserve therefor has been established on its books. The Company shall comply with all applicable laws and regulations in the conduct of its business, including, without limitation, all applicable federal and state securities laws in connection with the issuance of any securities.

Payment of Taxes, Compliance with Laws, etc. The Company shall pay and discharge all lawful taxes, assessments and governmental charges or levies imposed upon it or upon its income income, franchise or property before the occurrence of any same shall become in default, as well as all lawful claims for labor, materials and supplies which, which if not paid when due, might become a lien or charge upon its property or any part thereof; provided, however, that the Company shall not be required to pay and discharge any such tax, assessment, charge, levy or claim so long as the validity thereof is being contested by the Company in good faith by appropriate proceedings and an adequate reserve therefor has been established on its books. The Company shall comply with all applicable laws and regulations in the conduct of its business, including, without limitation, all applicable federal and state securities laws in connection with the issuance of any securities.

Payment of Taxes, Compliance with Laws, etc. The Company shall will pay and discharge all lawful taxesTaxes, assessments and governmental charges or levies imposed upon it or upon its income or property before the occurrence of any same shall become in default, as well as all lawful claims for labor, materials and supplies which, if not paid when due, might become a lien or charge upon its property or any part thereof; provided, however, that the Company shall not be required to pay and discharge any such tax, assessment, charge, levy or claim so long as the validity thereof is being contested by the Company in good faith by appropriate proceedings and an adequate reserve therefor has been established on its books. The Company shall will comply with all applicable laws and regulations in the conduct of its business, including, without limitation, all applicable federal and state securities laws in connection with the issuance of any securitiesshares of its capital stock.