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

Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Borrower and the Guarantor 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 the Guarantor with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Pendaries Petroleum LTD)

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Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Borrower Borrowers and the Guarantor Guarantors has duly and properly filed its filed, or has obtained an extension for the filing of, a United States income tax return and all other material 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 Guarantor Borrowers with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Edge Petroleum Corp)

Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Borrower and the Guarantor 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 the Guarantor Borrowers with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Stratum Holdings, Inc.)

Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Guarantor and the Borrower and the Guarantor has duly and properly filed its all United States income tax return and all other tax returns which are required to be filed by it 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 Guarantor each such entity with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Borrower and the The Guarantor 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 and the Guarantor with respect to taxes and other governmental charges are adequate.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

Proper Filing of Tax Returns; Payment of Taxes Due. Each of -------------------------------------------------- the Borrower and the The Guarantor 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 made. The respective charges made and reserves on except such returns of which the books of the Borrower and the Guarantor with respect failure to taxes and other governmental charges are adequate.file has not had or would not have a Material Adverse

Appears in 1 contract

Samples: KCS Energy Inc

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