Common use of Taxes and Filing of Tax Returns Clause in Contracts

Taxes and Filing of Tax Returns. Except as disclosed on SCHEDULE 3, each Company and its predecessors have filed all material tax returns required to have been filed and have paid all Taxes shown to be due and payable on such returns, including interest and penalties, and all other Taxes which are payable by such party, to the extent the same have become due and payable other than Taxes with respect to which a failure to pay would not have a material adverse effect on any Company. Except as disclosed on SCHEDULE 3, Borrower does not know of any proposed material Tax assessment against any Company, and all Tax liabilities of each Company and its predecessors are adequately provided for. Except as disclosed on SCHEDULE 3 and except as hereinafter disclosed in writing to Banks, no income tax liability of any Company or any of their respective predecessors or Subsidiaries has been asserted by the Internal Revenue Service for Taxes in excess of those already paid.

Taxes and Filing of Tax Returns. Except as disclosed on SCHEDULE 3Schedule 8.8, each Company and its predecessors have filed all material tax returns required to have been filed and have paid all Taxes shown to be due and payable on such returns, including interest and penalties, and all other Taxes which are payable by such party, to the extent the same have become due and payable other than Taxes with respect to which a failure to pay would not have a material adverse effect on any Company. Except as disclosed on SCHEDULE 3Schedule 8.8, Borrower does not know of any proposed material Tax assessment against any Company, and all Tax liabilities of each Company and its predecessors are adequately provided for. Except as disclosed on SCHEDULE 3 Schedule 8.8 and except as hereinafter disclosed in writing to Banks, no income tax liability of any Company or any of their respective predecessors or Subsidiaries has been asserted by the Internal Revenue Service for Taxes in excess of those already paid.

Taxes and Filing of Tax Returns. Except as disclosed on SCHEDULE ------------------------------- Schedule 3, each Company and its predecessors have filed all material tax ---------- returns required to have been filed and have paid all Taxes shown to be due and payable on such returns, including interest and penalties, and all other Taxes which are payable by such party, to the extent the same have become due and payable other than Taxes with respect to which a failure to pay would not have a material adverse effect on any Company. Except as disclosed on SCHEDULE Schedule 3, ---------- Borrower does not know of any proposed material Tax assessment against any Company, and all Tax liabilities of each Company and its predecessors are adequately provided for. Except as disclosed on SCHEDULE Schedule 3 and except as hereinafter disclosed in writing to Banks, no income ---------- tax liability of any Company or any of their respective predecessors or Subsidiaries has been asserted by the Internal Revenue Service for Taxes in excess of those already paid.

Taxes and Filing of Tax Returns. Except as disclosed on SCHEDULE ------------------------------- Schedule 3, each Company and its predecessors have filed all material tax ---------- returns required to have been filed and have paid all Taxes shown to be due and payable on such returns, including interest and penalties, and all other Taxes which are payable by such party, to the extent the same have become due and payable other than Taxes with respect to which a failure to pay would not have a material adverse effect on any Company. Except as disclosed on SCHEDULE Schedule 3, ---------- Borrower does not know of any proposed material Tax assessment against any Company, and all Tax liabilities of each Company and its predecessors are adequately provided for. Except as disclosed on SCHEDULE Schedule 3 and except as ---------- hereinafter disclosed in writing to Banks, no income tax liability of any Company or any of their respective predecessors or Subsidiaries has been asserted by the Internal Revenue Service for Taxes in excess of those already paid.