Common use of Prompt Payment of Taxes Clause in Contracts

Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, other than (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; or (b) whose amount does not exceed $25,000,000 (or its equivalent in any other currencies).

Appears in 5 contracts

Samples: Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc)

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Prompt Payment of Taxes. The Borrower shall (and shall ensure that the Parent and each Significant Subsidiary will) duly pay all Taxes payable by it, other than (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; or (b) whose amount does not exceed $25,000,000 (or its equivalent in any other currencies).

Appears in 2 contracts

Samples: Facility Agreement (MTS Inc), Facility Agreement (Mobile Telesystems Ojsc)

Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, other than (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; or (b) whose amount does not exceed $EUR 25,000,000 (or its equivalent in any other currencies).

Appears in 1 contract

Samples: Facility Agreement (Mobile Telesystems Ojsc)

Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, it other than those taxes (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; made or (b) whose amount does not exceed $25,000,000 100,000,000 (or its equivalent in any other currency or currencies).

Appears in 1 contract

Samples: $300,000,000 Ekn Supported Facility Agreement (Mobile Telesystems Ojsc)

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Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, other than those taxes (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; or (b) whose amount does not exceed $25,000,000 (or its equivalent in any other currency or currencies).

Appears in 1 contract

Samples: Facility Agreement (Mobile Telesystems Ojsc)

Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, it other than (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; made or (b) whose amount does not exceed $25,000,000 (or its equivalent in any other currencies).

Appears in 1 contract

Samples: Loan Agreement (Mobile Telesystems Ojsc)

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