Common use of Tax Returns and Payments; Other Fees Clause in Contracts

Tax Returns and Payments; Other Fees. (a) All material Returns required by Law to be filed (including extensions) by or in respect of the Borrower and the other Loan Parties and their assets have been filed. All Taxes levied upon the Borrower and the other Loan Parties and any of their respective properties, assets, income or franchises that are required to be paid have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower or any of the other Loan Parties, such bond has been filed or indemnity posted. (b) The Borrower and each of the other Loan Parties has paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 2 contracts

Samples: Credit Agreement (New Enterprise Stone & Lime Co., Inc.), Credit Agreement (New Enterprise Stone & Lime Co., Inc.)

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Tax Returns and Payments; Other Fees. (a) All material Returns tax returns, reports and statements required by Law to be filed (including extensions) by or in respect of Parent, the Borrower and the other Loan Parties its Subsidiaries and their assets have been filed. All Taxes taxes, assessments and other governmental charges levied upon Parent, the Borrower and the other Loan Parties its Subsidiaries and any of their respective properties, assets, income or franchises that are required to be paid due and payable have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore therefor and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower or any of the other Loan Partiesits Subsidiaries, such bond has been filed or indemnity posted. (b) The Parent, the Borrower and each of the other Loan Parties its Subsidiaries has paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 2 contracts

Samples: Credit Agreement (Greatbatch, Inc.), Credit Agreement (Greatbatch, Inc.)

Tax Returns and Payments; Other Fees. (a) All material Returns required by Law to be filed (including extensions) by or in respect of the Borrower and the other Loan Parties its Subsidiaries and their assets have been filed. All Taxes levied upon the Borrower and the other Loan Parties its Subsidiaries and any of their respective properties, assets, income or franchises that are required to be paid have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower or any of the other Loan Partiesits Subsidiaries, such bond has been filed or indemnity posted. (b) The Borrower and each of the other Loan Parties its Subsidiaries has paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 1 contract

Samples: Credit Agreement (Gateway Trade Center Inc.)

Tax Returns and Payments; Other Fees. (a) All federal and other material Returns Tax returns, reports and statements required by Law to be filed (including extensions) by or in respect of the Borrower and the other Loan Parties its Subsidiaries and their assets have been filed. All Taxes federal and other material Taxes, assessments and other governmental charges levied upon the Borrower and the other Loan Parties each of its Subsidiaries and any of their respective properties, assets, income or franchises that are required to be paid due and payable have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore therefor and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower or any of the other Loan Partiesits Subsidiaries, such bond has been filed or indemnity posted. (b) The Borrower and each of the other Loan Parties has its Subsidiaries have paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has have made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 1 contract

Samples: Credit Agreement (Vishay Precision Group, Inc.)

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Tax Returns and Payments; Other Fees. (a) All federal and other material Returns tax returns, reports and statements required by Law to be filed (including extensions) by or in respect of the Borrower and the other Loan Parties its Subsidiaries and their assets have been filed. All Taxes federal and other material taxes, assessments and other governmental charges levied upon the Borrower and the other Loan Parties each of its Subsidiaries and any of their respective properties, assets, income or franchises that are required to be paid due and payable have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore therefor and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower or any of the other Loan Partiesits Subsidiaries, such bond has been filed or indemnity posted. (b) The Borrower and each of the other Loan Parties its Subsidiaries has paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 1 contract

Samples: Credit Agreement (Vishay Precision Group, Inc.)

Tax Returns and Payments; Other Fees. (a) All material Returns tax returns, reports and statements required by Law to be filed (including extensions) by or in respect of the Borrower Parent and the other Loan Parties its Subsidiaries and their assets have been filed. All Taxes taxes, assessments and other governmental charges levied upon the Borrower Parent and the other Loan Parties its Subsidiaries and any of their respective properties, assets, income or franchises that are required to be paid due and payable have been paid, other than those presently payable without penalty or interest and other than any charge or claim being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which any reserve or other appropriate provision, if any, as shall be required by GAAP has been made therefore therefor and, if the filing of a bond or other indemnity is necessary to avoid the creation of a Lien against any of the assets of the Borrower Parent or any of the other Loan Partiesits Subsidiaries, such bond has been filed or indemnity posted. (b) The Borrower Parent and each of the other Loan Parties its Subsidiaries has paid all franchise, license and other fees and charges that have become due pursuant to any material franchise or permit in respect of its business and has made appropriate provision as is required by GAAP for any such fees and charges which have accrued.

Appears in 1 contract

Samples: Credit Agreement (Greatbatch, Inc.)

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