Common use of Taxes and Claims Clause in Contracts

Taxes and Claims. The Borrower will pay or discharge, and will cause each Subsidiary to pay or discharge, at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, and governmental charges imposed on it or its income or profits or any of its property, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its property; provided, however, that neither the Borrower nor any Subsidiary shall be required to pay or discharge any tax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves have been established.

Taxes and Claims. The Borrower will shall, and shall cause each of its Subsidiaries to, pay or discharge, and will cause each Subsidiary to pay or discharge, discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, and governmental charges imposed on it or its income or profits or any of its propertyProperty, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its propertyProperty; provided, however, that neither the Borrower nor any Subsidiary of its Subsidiaries shall be required to pay or discharge any tax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been established.

Taxes and Claims. The Borrower will shall, and shall cause each of its Subsidiaries to, pay or discharge, and will cause each Subsidiary to pay or discharge, discharge at or before maturity or before becoming delinquent (a) all taxesTaxes, levies, assessments, and governmental charges imposed on it or its income or profits or any of its propertyProperty, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its propertyProperty; provided, however, that neither the Borrower nor any Subsidiary of its Subsidiaries shall be required to pay or discharge any taxTax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been established.

Taxes and Claims. The Borrower will shall, and shall cause each of its Subsidiaries to, pay or discharge, and will cause each Subsidiary to pay or discharge, discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, and governmental charges imposed on it or its income or profits or any of its propertyProperty, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its propertyProperty; provided, however, that neither the Borrower nor any Subsidiary of its Subsidiaries shall be required to pay or discharge any tax, levy, assessment, or governmental charge which is being contested in good CREDIT AGREEMENT – Page 68 faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been established.

Taxes and Claims. The Each Borrower will shall, and shall cause each of its Subsidiaries to, pay or discharge, and will cause each Subsidiary to pay or discharge, discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, and governmental charges imposed on it or its income or profits or any of its propertyProperty, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its propertyProperty; provided, however, that neither the no Borrower nor or any Subsidiary of its Subsidiaries shall be required to pay or discharge any tax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been established.