Common use of Payment of Taxes, Etc Clause in Contracts

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become a lien upon its property; provided, however, that neither any Credit Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 15 contracts

Samples: Term Loan Agreement (Nisource Inc/De), Revolving Credit Agreement (Nisource Inc/De), Revolving Credit Agreement (Nisource Inc/De)

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Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 13 contracts

Samples: Credit Agreement (Kroger Co), Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 10 contracts

Samples: Credit Agreement (Applera Corp), Term Loan Agreement (Applera Corp), Credit Agreement (Applera Corp)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its property, except to the extent that any failure to do so would not, and (ii) all legal claims whichwould not be reasonably expected to, if unpaid, might by law become have a lien upon its propertyMaterial Adverse Effect; provided, however, that neither any Credit Party the Parent nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 8 contracts

Samples: Credit Agreement (Invesco Ltd.), Credit Agreement (Invesco Ltd.), Credit Agreement (Invesco Ltd.)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful material claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Account Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 6 contracts

Samples: Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful material claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 5 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Payment of Taxes, Etc. Pay The Borrower will pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not reasonably be expected to have a lien upon its propertyMaterial Adverse Effect; provided, however, provided that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Mony Group Inc), Credit Agreement (Mony Group Inc), Credit Agreement (Mony Group Inc)

Payment of Taxes, Etc. Pay The Borrower will pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its propertyProperty, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not reasonably be expected to have a lien upon its propertyMaterial Adverse Effect; provided, however, provided that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 3 contracts

Samples: Credit Agreement (Hanover Insurance Group, Inc.), Credit Agreement (Hanover Insurance Group, Inc.), Credit Agreement (Hanover Insurance Group, Inc.)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal material lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 3 contracts

Samples: Debtor in Possession Loan Agreement (Eastman Kodak Co), Loan Agreement, Loan Agreement

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party such Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 3 contracts

Samples: Credit Agreement (Mirae Asset Discovery Funds), Credit Agreement (Mirae Asset Discovery Funds), Credit Agreement (Ground Round Restaurants Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its ---------------------- Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not have a lien upon its propertyMaterial Adverse Effect; provided, however, that -------- ------- neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 3 contracts

Samples: Credit Agreement (Renaissance Hotel Group N V), Credit Agreement (Marriott International Inc), Credit Agreement (Marriott International Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal material lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 2 contracts

Samples: Credit Agreement (Kroger Co), Credit Agreement (Autodesk Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its --------------------- Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not have a lien upon its propertyMaterial Adverse Effect; provided, however, that -------- ------- neither any Credit Party the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 2 contracts

Samples: Credit Agreement (Marriott International Inc /Md/), Credit Agreement (Marriott International Inc /Md/)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 2 contracts

Samples: Credit Agreement (SAIC Gemini, Inc.), Credit Agreement (Science Applications International Corp)

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Payment of Taxes, Etc. Pay and discharge, and cause each of its --------------------- Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become a lien upon its property; provided, however, that neither any Credit Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Nisource Inc)

Payment of Taxes, Etc. Pay The Borrower will pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxesTaxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its propertyProperty, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not reasonably be expected to have a lien upon its propertyMaterial Adverse Effect; provided, however, provided that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such taxTax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its propertyProperty, and (ii) all legal lawful claims which, if unpaid, might by law Law become a lien upon its propertyProperty; provided, however, that neither any Credit Party the Guarantor nor any of its Subsidiaries Subsidiary shall be required to pay or discharge any such tax, assessment, charge or claim which is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Guaranty (Black Hills Corp /Sd/)

Payment of Taxes, Etc. Pay and discharge, and cause each of its ---------------------- Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments assessments, claims and governmental charges or levies imposed upon it or upon its property, and (ii) all legal claims which, if unpaid, might by law become except to the extent that any failure to do so would not have a lien upon its propertyMaterial Adverse Effect; provided, however, that -------- ------- neither any Credit Party the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Credit Agreement (New Marriott Mi Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Loan Parties nor any of its their Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Credit Agreement (Icg Holdings Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful material claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal material lawful claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim which that is being contested in good faith f ith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Loan Agreement

Payment of Taxes, Etc. Pay and discharge, and cause each of its Material Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property, property and (ii) all legal lawful material claims whichthat, if unpaid, might by law become a lien Lien upon its property; provided, however, that neither any Credit Party the Borrower nor any of its Material Subsidiaries shall be required to pay or discharge any such material tax, assessment, charge charge, levy or claim which that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 1 contract

Samples: Credit Agreement (Yahoo Inc)

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