Common use of Prompt Payment of Taxes, etc Clause in Contracts

Prompt Payment of Taxes, etc. Promptly pay and discharge, or cause to be paid and discharge, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security therefore. The Company will promptly pay or cause to be paid when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s Board of Directors, all other indebtedness incident to operations of the Company.

Appears in 9 contracts

Samples: Securities Purchase Agreement (Youblast Global, Inc.), Common Stock Purchase Agreement (Sahara Media Holdings, Inc.), Common Stock Purchase Agreement (AMBER Ready, Inc)

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Prompt Payment of Taxes, etc. Promptly The Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay or cause to be paid when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s Board of DirectorsBoard, all other indebtedness incident to operations of the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Pfenex Inc.), Investors’ Rights Agreement (Pfenex Inc.)

Prompt Payment of Taxes, etc. Promptly Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, assessment charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay or cause to be paid when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s 's Board of Directors, all other indebtedness incident to operations of the Company.

Appears in 1 contract

Samples: Strategic Alliance Agreement (Carreker Antinori Inc)

Prompt Payment of Taxes, etc. Promptly The Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay pay, or cause to be paid paid, when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s 's Board of Directors, all other indebtedness incident to operations of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Navigation Technologies Corp)

Prompt Payment of Taxes, etc. Promptly The Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay or cause to be paid when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s Board of Directors, all other indebtedness incident to operations of the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Claria Corp)

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Prompt Payment of Taxes, etc. Promptly The Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and or if the Company shall have set aside on its books adequate reserves with respect thereto thereto, and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay or cause to be paid when due, or in conformance conformity with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s 's Board of Directors, all other material amounts of indebtedness incident to the operations of the Company.

Appears in 1 contract

Samples: Investor Rights Agreement (Molecular Simulations Inc)

Prompt Payment of Taxes, etc. Promptly The Company will promptly pay and discharge, or cause to be paid and dischargedischarged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of the Company or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto thereto; and provided, further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security thereforetherefor. The Company will promptly pay or cause to be paid when due, or in conformance with customary trade terms or otherwise in accordance with policies related thereto adopted by the Company’s Board of Directors, all other indebtedness incident to operations of the Company.

Appears in 1 contract

Samples: Shareholders Rights Agreement (NTR Acquisition Co.)

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