Common use of Payment of Trade Liabilities, Taxes, etc Clause in Contracts

Payment of Trade Liabilities, Taxes, etc. Buyer and each of ----------------------------------------- its Subsidiaries will (a) timely file all required Tax Returns; (b) timely pay all Taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) timely withhold and pay over to the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (e) pay and discharge when due all other Liabilities now or hereafter owed by it; and (f) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer and each of its Subsidiaries may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings and has set aside on its books adequate reserves therefor.

Payment of Trade Liabilities, Taxes, etc. Buyer The Company and each of ----------------------------------------- its Subsidiaries will (a) timely file all required Tax Returns; (b) timely pay all Taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) timely withhold and pay over to the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (e) pay and discharge when due all other Liabilities now or hereafter owed by it; and (f) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer The Company and each of its Subsidiaries may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings and has set aside on its books adequate reserves therefor.

Payment of Trade Liabilities, Taxes, etc. Buyer The Borrower and each of ----------------------------------------- its Subsidiaries Restricted Subsidiary will (a) timely file all required Tax Returnstax returns; (b) timely pay all Taxestaxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) timely withhold and pay over to in the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due ordinary course of its business consistent with past practices all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (ed) pay and discharge when due all other Liabilities now or hereafter owed by it; and (fe) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer The Borrower and each of its Subsidiaries Restricted Subsidiary may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings (promptly instituted and diligently concluded) and has set aside on its books adequate reserves therefor, or to the extent any such failure to pay or discharge any of the foregoing would not result in a Material Adverse Change.

Payment of Trade Liabilities, Taxes, etc. Buyer and each of ----------------------------------------- its Subsidiaries Each Restricted Person will (a) timely file all required Tax Returnstax returns including any extensions; (b) timely pay all Taxestaxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or propertyproperty before the same become delinquent; (c) timely withhold and within ninety (90) days past the original invoice billing date therefor same becomes due pay over to the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (ed) pay and discharge when due all other Liabilities now or hereafter owed by it, other than royalty payments suspended in the ordinary course of business; and (fe) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer and each of its Subsidiaries Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings proceedings, if necessary, and has set aside on its books adequate reserves therefortherefore which are required by GAAP.

Payment of Trade Liabilities, Taxes, etc. Buyer and each of Each Restricted ----------------------------------------- its Subsidiaries Person will (a) timely file all required Tax Returnstax returns (including any extensions); (b) timely pay all Taxestaxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) timely withhold and within one hundred twenty (120) days after the date such goods are delivered or such services are rendered, pay over to the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (ed) pay and discharge when due all other Liabilities now or hereafter owed by it, other than royalty payments suspended in the ordinary course of business; and (fe) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer and each of its Subsidiaries Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings proceedings, if necessary, and has set aside on its books adequate reserves therefortherefor which are required by GAAP.

Payment of Trade Liabilities, Taxes, etc. Buyer The Company and each of ----------------------------------------- its Subsidiaries will (a) timely file all required Tax Returns; (b) timely pay all Taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (c) timely withhold and pay over to the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay when due all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (e) pay and discharge when due all other Liabilities now or hereafter owed by it; and (f) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer The Company and each of its Subsidiaries may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings and has set aside on its books adequate reserves therefor.

Payment of Trade Liabilities, Taxes, etc. Buyer and each of ----------------------------------------- its Subsidiaries Each Restricted Person will (a) timely file all required Tax Returnstax returns including any extensions; (b) timely pay all Taxestaxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or propertyproperty before the same become delinquent; (c) timely withhold and pay over to within ninety (90) days past the proper Governmental Entity all amounts required to be withheld and paid over under Applicable Laws; (d) pay original invoice billing date therefore, or, if earlier, when due in accordance with its terms, pay and discharge all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; (ed) pay and discharge when due before the same becomes delinquent all other Liabilities now or hereafter owed by it; and (fe) maintain appropriate accruals and reserves for all of the foregoing in accordance with U.S. GAAP. Buyer and each of its Subsidiaries Each Restricted Person may, however, delay paying paying, filing or discharging any of the foregoing so long as (a) it is in good faith contesting the validity thereof by appropriate proceedings proceedings, if necessary, and has set aside on its books adequate reserves therefortherefore that are required by GAAP or (b) the failure to pay, file or discharge relates to taxes or Liabilities which do not exceed $2,000,000 in the aggregate at any one time and where such failure could not reasonably be expected to have a Material Adverse Effect.