Common use of Taxes and Liens Clause in Contracts

Taxes and Liens. Promptly pay, or cause to be paid, all taxes, assessments and other governmental charges which may lawfully be levied or assessed upon the income or profits of the Company, or upon any property, real, personal or mixed, belonging to the Company, or upon any part thereof, and also any lawful claims for labor, material and supplies which if unpaid, might become a lien or charge against any such property; provided, however, the Company shall not be required to pay any such tax, assessment, charge, levy or claim so long as the validity thereof shall be actively contested in good faith by proper proceedings; but, provided further that any such tax, assessment, charge, levy or claim shall be paid or bonded in a manner satisfactory to the Holder upon the commencement of proceedings to foreclose any lien securing the same.

Taxes and Liens. Promptly pay, or cause to be paid, all taxes, assessments and other governmental charges which that may lawfully be levied or assessed upon the income or profits of the CompanyBorrower, or upon any property, real, personal or mixed, belonging to the Companyit, or upon any part thereof, and also any lawful claims for labor, material and supplies which that, if unpaid, might become a lien or charge against any such property; provided, provided however, the Company Borrower shall not be required to pay any such tax, assessment, charge, levy or claim so long as the validity thereof shall be actively contested in good faith by proper proceedings; but, but provided further that any such tax, assessment, charge, levy or claim shall be paid or bonded in a manner satisfactory to the Holder forthwith upon the commencement of proceedings to foreclose any lien securing the same.

Taxes and Liens. Promptly pay, or cause to be paid, all taxes, assessments and other governmental charges which may lawfully be levied or assessed upon the income or profits of the Company, or upon any property, real, personal or mixed, belonging to the Company, or upon any part thereof, and also any lawful claims for labor, material and supplies which if unpaid, might become a lien or charge against any such property; provided, -------- however, the Company shall not be required to pay any such tax, assessment, charge, levy or claim so long as the validity thereof shall be actively contested in good faith by proper proceedings; but, provided further that any such tax, assessment, charge, levy or claim shall be paid or bonded in a manner satisfactory to the Holder upon the commencement of proceedings to foreclose any lien securing the same.