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, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 14 contracts

Samples: Day Credit Agreement (Washington Post Co), Year Credit Agreement (Washington Post Co), Assignment and Assumption (Washington Post Co)

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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, all material 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 have a Material Adverse Effect; provided, however, that neither the Borrower Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, claim or charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

Appears in 9 contracts

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

Payment of Taxes, Etc. Pay and discharge, and cause each of its Material Subsidiaries to pay and discharge, before the same shall become delinquent, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Material Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim 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: Assignment and Assumption (Ca, Inc.), Assignment and Assumption (Ca, Inc.), Assignment and Assumption (Ca, Inc.)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, discharge all material taxes, assessments and governmental charges or levies imposed upon it or on its income or profits or upon any of its property; provided, however, that neither the Borrower Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and proceedings, as to which appropriate reserves are being maintainedmaintained or the failure to make payment pending such contest would not reasonably be expected to result in a Material Adverse Effect.

Appears in 8 contracts

Samples: Day Credit Agreement (Honeywell International Inc), Day Credit Agreement (Honeywell International Inc), Day Credit Agreement (Honeywell International Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries 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 provided, however, that neither the Borrower nor any of its Subsidiaries subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim 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: Master Loan Agreement (Bowlin Outdoor Advertising & Travel Centers Inc), Master Loan Agreement (Bowlin Travel Centers Inc), Credit Agreement (Bowlin Outdoor Advertising & Travel Centers Inc)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower any Account Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim levy 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: 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, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the any Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim levy 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 (ACE LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Material Subsidiaries to pay and discharge, before the same shall become delinquent, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Material Subsidiaries shall be required to pay or discharge any such tax, assessment, assessment or charge or claim that is being contested in good faith and by proper proceedings appropriate action and as to which appropriate reserves in accordance with GAAP are being maintained.

Appears in 1 contract

Samples: Assignment and Assumption (SNAP-ON Inc)

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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, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim levy that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintainedmaintained to the extent required by generally accepted accounting principles.

Appears in 1 contract

Samples: Term Loan 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, all material taxesTaxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower Company nor any of its Subsidiaries shall be required to pay or discharge any such taxTax, assessment, charge or claim 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: Assignment and Assumption (Graham Holdings Co)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower such Loan Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim levy 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: Term Loan 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, all material taxesTaxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such taxTax, assessment, charge or claim 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: Assignment and Assumption (Graham Holdings Co)

Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, all material taxes, assessments and governmental charges or levies imposed upon it or upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, assessment or charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintainedmaintained (to the extent required by GAAP).

Appears in 1 contract

Samples: Credit Agreement (Emc Corp)

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