Common use of Taxes and Claims Clause in Contracts

Taxes and Claims. Borrower shall, and shall cause each Obligated Party 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 Borrower nor any Obligated Party 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. Borrower Each Loan Party shall, and shall cause each Obligated Party of its Subsidiaries to, pay or 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 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 Borrower no Loan Party nor any Obligated Party 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. Borrower shallwill, and shall will cause each Obligated other ---------------- Loan Party 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 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 Borrower nor any Obligated no Loan Party shall be -------- ------- required to pay or discharge any tax, levy, assessment, or governmental charge (i) which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been establishedestablished or (ii) if the failure to pay the same would not result in a Lien on the property of any Loan Party.

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

Taxes and Claims. Borrower Each Loan Party shall, and shall cause each Obligated Party of its Subsidiaries to, pay or 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 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 Borrower any Loan Party nor any Obligated Party 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. Borrower Each Loan Party shall, and shall cause each Obligated Party of its Subsidiaries to, pay or 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 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 Borrower any Loan Party nor any Obligated Party of its Subsidiaries shall be required to pay or discharge any taxTax, levy, assessment, or governmental charge or claim 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. Borrower shallwill, and shall will cause each Obligated other Loan Party 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 Propertyproperty, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become a Lien upon any of its Propertyproperty; providedPROVIDED, howeverHOWEVER, that neither Borrower nor any Obligated no Loan Party shall be required to pay or discharge any tax, levy, assessment, or governmental charge (i) which is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been establishedestablished or (ii) if the failure to pay the same would not result in a Lien on the property of any Loan Party.

Taxes and Claims. Borrower shall, and shall cause each Obligated Party of its Affiliates 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 Borrower nor any Obligated Party of its Affiliates 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. Borrower shallThe Borrowers will, and shall will cause each Obligated Loan Party to, pay or discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, assessments and governmental charges imposed on it or its income or profits or any of its Property, Property and (b) all lawful claims for labor, material, material and supplies, which, if unpaid, might become a Lien upon any of its Property; provided, however, that neither Borrower the Borrowers nor any Obligated Loan Party shall be required to pay or discharge any tax, levy, assessmentassessment or governmental charge, or governmental charge which claim for labor, material or supplies, whose amount, applicability or validity is being contested in good faith by appropriate proceedings being diligently pursued, pursued and for which adequate reserves in accordance with GAAP have been establishedestablished under GAAP.

Taxes and Claims. Borrower shallThe Borrowers will, and shall will cause each Obligated Loan Party to, pay or discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, assessments and governmental charges imposed on it or its income or profits or any of its Property, Property and (b) all lawful claims for labor, material, material and supplies, which, if unpaid, might become a Lien upon any of its Property; provided, however, that neither Borrower the Borrowers nor any Obligated Loan Party shall be required to pay or [ ] discharge any tax, levy, assessmentassessment or governmental charge, or governmental charge which claim for labor, material or supplies, whose amount, applicability or validity is being contested in good faith by appropriate proceedings being diligently pursued, pursued and for which adequate reserves in accordance with GAAP have been establishedestablished under GAAP.

Taxes and Claims. Borrower shall, and shall cause each Obligated Party of its Subsidiaries to, pay or discharge at or before maturity or before becoming delinquent (a) all taxes, levies, assessments, 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, material and supplies, whichthat, if unpaid, might become a Lien upon any of its Property; provided, however, provided that neither Borrower nor any Obligated Party of its Subsidiaries shall be required to pay or discharge any tax, levy, assessment, assessment or governmental charge which that is being contested in good faith by appropriate proceedings diligently pursued, and for which adequate reserves in accordance with GAAP have been establishedestablished or that could not reasonably be expected to result in a Material Adverse Event.

Taxes and Claims. Borrower shall, and shall cause each Obligated Party 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 40 Credit and Security Agreement its Property; provided, however, that neither Borrower nor any Obligated Party 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.