Common use of Tax Payments Clause in Contracts

Tax Payments. Except pursuant to a tax sharing agreement having customary terms and conditions which has been approved by the Arrangers (such approval not to be unreasonably withheld or delayed), Holdings and the Borrower will not, and will not permit any Subsidiary to, (i) make payments in respect of Applicable Taxes (whether owed by them or any other Person) in amounts (in the aggregate for Holdings and the Subsidiaries) in excess of those that would be payable by (or at times other than when such taxes would be payable by) Holdings and the Subsidiaries as a separate consolidated group for tax purposes or (ii) provide funds to the Parent or any Affiliates of the Parent (other than Holdings and the Subsidiaries) for the payment of Applicable Taxes of members of any consolidated tax group including the Parent or Holdings and the Subsidiaries in amounts in excess of, or at times other than, those permitted by clause (i) above.