Taxes and Obligations. The Borrower shall, and shall cause each Significant Subsidiary to, pay and discharge promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Borrower shall, to the extent required by GAAP, have set aside on its books adequate reserves with respect thereto.
Taxes and Obligations. No Restricted Person has any outstanding Liabilities of any kind (including contingent obligations, tax assessments, and unusual forward or long term commitments) that exceed $10,000,000 in the aggregate and not shown in the Initial Financial Statements, disclosed in the Disclosure Schedule or otherwise permitted under Section 7.01. Each Restricted Person has timely filed all tax returns and reports required to have been filed and has paid all taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property, except to the extent that any of the foregoing is not yet due or is being in good faith contested as permitted by Section 6.07.
Taxes and Obligations. Pay and discharge promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise which, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Borrower shall, to the extent required by GAAP, have set aside on its books adequate reserves with respect thereto.
Taxes and Obligations. Each Borrower shall pay and discharge (a) all taxes, assessments and governmental charges or levies imposed on it or its income or profits or any of its properties prior to the date on which penalties attach thereto and (b) all lawful obligations and claims which, if unpaid, might cause a lien or charge to be created against any of its properties, except any such tax, assessment, charge or levy, the payment of which is being contested in good faith by proper proceedings, provided escrows, satisfactory to the Lender, have been established by a Borrower.
Taxes and Obligations. Pay and discharge or cause to be paid and discharged, all taxes, assessments, levies, fees, and charges and all other governmental charges, general and special, ordinary and extraordinary, whether or not within the contemplation of the parties hereto, which are at any time levied upon or assessed against Borrower or its property or any part thereof, whether or not the failure to pay such tax, assessment, levy, fee, or charge might result in the creation of a lien upon such properties or any part thereof, when the same shall become due and payable, except for such items the validity of which is being contested in good faith by appropriate proceedings; and all income, excess profits, excise, sales, gross receipts, and other taxes, duties or imposts, whether of a like or different nature, assessed, levied or imposed by governmental authority on Borrower or Borrower's properties or any part thereof when the same shall become due and payable, except for such items the validity of which is being contested in good faith by appropriate proceedings.
Taxes and Obligations. 36 Section 5.04 Financial Statements, Reports, etc.................................................. 36 Section 5.05 Litigation and Other Notices........................................................ 37 Section 5.06 ERISA............................................................................... 37 Section 5.07 Maintaining Records; Access to Properties and Inspections........................... 38 Section 5.08 Use of Proceeds and Letters of Credit............................................... 38 ARTICLE VI
Taxes and Obligations. Shall pay and discharge and shall cause each of its Subsidiaries to pay and discharge all of such Person's obligations and liabilities, including, without limitation, all taxes, assessments and governmental charges upon its income and properties, when due, unless and to the extent only that such obligations, liabilities, taxes, assessments and governmental charges shall be contested in good faith and by appropriate proceedings and that, to the extent required by GAAP, proper and adequate book reserves relating thereto are established by the Company or such Subsidiary.
Taxes and Obligations. To pay and discharge when due all of its indebtedness and obligations, including, but not limited to, all taxes, assessments and governmental charges prior to the due date, unless and only to the extent that such truces, assessments and governmental charges are contested in good faith in appropriate proceedings. LEVERAGED DEVELOPMENT, LLC - LOAN AND SECURITY AGREEMENT
Taxes and Obligations. 56 SECTION 5.04. Financial Statements, Reports, etc.......................................56 SECTION 5.05. Litigation and Other Notices.............................................58 SECTION 5.06. ERISA....................................................................58 SECTION 5.07. Maintaining Records; Access to Properties and Inspections................59 SECTION 5.08. Use of Proceeds..........................................................59 SECTION 5.09. Further Assurance........................................................59 VI. NEGATIVE COVENANTS SECTION 6.01. Liens....................................................................60 SECTION 6.02. Mergers, Consolidations and Acquisitions.................................64 SECTION 6.03. Disposition of Assets....................................................65 SECTION 6.04. Consolidated Total Debt to Consolidated Total Capitalization Ratio.......66 SECTION 6.05. Public Utility Regulatory Borrowing Limits...............................66 3 114 Article Section Page ------- ------- ---- SECTION 6.06. Guarantees...............................................................66
Taxes and Obligations. Pay its Indebtedness and other --------------------- obligations promptly and in accordance with their terms and pay and discharge promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise that, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such payment and -------- ------- discharge shall not be required with respect to any such tax, assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Lessee shall establish and maintain on its books adequate reserves with respect thereto in accordance with GAAP and such contest operates to suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien.
