Common use of Taxes and Governmental Charges Clause in Contracts

Taxes and Governmental Charges. The Borrower and its Affiliates have filed all tax returns and reports required to be filed and have paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have provided adequate reserves for the payment thereof.

Appears in 2 contracts

Samples: Credit Agreement (Evergreen Resources Inc), Credit Agreement (Evergreen Resources Inc)

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Taxes and Governmental Charges. The Borrower and its Affiliates Guarantor have filed all tax returns and reports required to be filed by all applicable jurisdictions and have paid all taxes, assessments, fees and other governmental charges levied upon it or upon any property owned by them or upon their respective property or income income, which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have has provided adequate reserves for the payment thereof.

Appears in 2 contracts

Samples: Loan Agreement (Conrad Industries Inc), Loan Agreement (Conrad Industries Inc)

Taxes and Governmental Charges. The Borrower and its Affiliates the Guarantor have filed all tax returns and reports required to be filed and have paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have provided adequate reserves for the payment thereof.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Taxes and Governmental Charges. The Borrower and its Affiliates affiliates have filed all tax returns and reports required to be filed and have paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have provided adequate reserves for the payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Evergreen Resources Inc)

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Taxes and Governmental Charges. The Borrower and its Affiliates Guarantor have filed all tax returns and reports required to be filed and have has paid all taxes, assessments, fees and other governmental charges levied upon them or upon their respective property or income which are due and payable, including interest and penalties, or are contesting the same in good faith by appropriate proceedings and have has provided adequate reserves for the payment thereof.

Appears in 1 contract

Samples: Loan Agreement (Omega Protein Corp)

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