Common use of Proper Filing of Tax Returns; Payment of Taxes Due Clause in Contracts

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has duly and properly filed its United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 18 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Primeenergy Corp)

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Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower It has duly and properly filed its United States income tax return returns and all other tax returns which are required to be filed and has paid all taxes shown as due from it thereon, except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the its books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 2 contracts

Samples: Credit Agreement (Evolution Petroleum Corp), Credit Agreement (Cross Border Resources, Inc.)

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has and the Co-Borrowers have duly and properly filed its a United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower and the Co-Borrowers with respect to taxes and other governmental charges are adequate.

Appears in 2 contracts

Samples: Credit Agreement (Southern Mineral Corp), Credit Agreement (Southern Mineral Corp)

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower It has duly and properly filed its United States income tax return returns and all other tax returns which are required to be filed and has paid all taxes shown as due from it thereon, except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the its books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 2 contracts

Samples: Credit Agreement (Lucas Energy, Inc.), Credit Agreement (High Plains Gas, Inc.)

Proper Filing of Tax Returns; Payment of Taxes Due. The Each Borrower has duly and properly filed its United States income tax return returns and all other tax returns which are required to be filed and has paid all taxes shown to be due thereon, except such as are being contested in good faith and as to which adequate provisions and disclosures have been mademade and except such returns of which the failure to file has not had or would not have a Material Adverse Effect. The respective charges and reserves on the books of the each Borrower with respect to taxes and other governmental charges are adequate.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Proper Filing of Tax Returns; Payment of Taxes Due. The Each Borrower has duly and properly filed its United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Tradestar Services, Inc.)

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has duly and properly filed or properly extended its United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Proper Filing of Tax Returns; Payment of Taxes Due. The Each Borrower has duly and properly filed its United States income tax return returns and all other tax returns which are required to be filed and has paid all taxes shown to be due thereon, except such as are being contested in good faith and as to which adequate provisions and disclosures have been mademade and except such returns of which the failure to file has not had or would not have a Material Adverse Effect. The respective charges and reserves on the books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Stock Pledge Agreement (KCS Energy Inc)

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Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has and its Subsidiaries have duly and properly filed its their United States income tax return returns and all other tax returns which are required to be filed and has have paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower and its Subsidiaries with respect to taxes and other governmental charges are adequate.. 1.8 1.9

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has duly and properly filed its United States income tax return information returns and all other tax returns which are required to be filed and has paid all taxes taxes, if any, shown as due from the Borrower thereon, except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Proper Filing of Tax Returns; Payment of Taxes Due. The Each of the Borrower and Xxxxxxxx-Delaware has duly and properly filed its United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower and Xxxxxxxx-Delaware with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

Proper Filing of Tax Returns; Payment of Taxes Due. The Borrower has Borrowers have duly and properly filed its United States income tax return and all other tax returns which are required to be filed and has paid all taxes due except such as are being contested in good faith and as to which adequate provisions and disclosures have been made. The respective charges and reserves on the books of the Borrower Borrowers with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

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