Common use of Taxes and Other Claims Clause in Contracts

Taxes and Other Claims. The Company and each Significant Subsidiary shall file all federal, state and local tax returns required to be filed by it and shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all taxes, assessments and governmental charges which are material to the Company and its Subsidiaries, on a consolidated basis (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon the Company or its Subsidiaries or upon the income, profits or property of the Company or any such Significant Subsidiary, and (ii) all lawful claims of materialmen, mechanics, carriers, warehousemen, landlords and other like persons which are material to the Company and its Subsidiaries, on a consolidated basis and, if unpaid, might by law become a lien upon the property of the Company or any such Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment or governmental charge or claim whose amount, applicability or validity is being contested in good faith and for which disputed amounts adequate reserves have been made in the opinion of the Company's management or as required by generally accepted accounting principles.

Taxes and Other Claims. The Company and each Significant Subsidiary shall file all federal, state and local tax returns required to be filed by it and shall pay or discharge or cause to be paid or discharged, before the same shall become 12 17 delinquent, (i) all taxes, assessments and governmental charges which are material to the Company and its Subsidiaries, on a consolidated basis (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon the Company or its Subsidiaries or upon the income, profits or property of the Company or any such Significant Subsidiary, and (ii) all lawful claims of materialmen, mechanics, carriers, warehousemen, landlords and other like persons which are material to the Company and its Subsidiaries, on a consolidated basis and, if unpaid, might by law become a lien upon the property of the Company or any such Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment or governmental charge change or claim whose amount, applicability or validity is being contested in good faith and for which disputed amounts adequate reserves have been made in the opinion of the Company's management or as required by generally accepted accounting principles.. ARTICLE IV NOTEHOLDERS'

Taxes and Other Claims. The Company and each Significant Subsidiary shall file all federal, state and local tax returns required to be filed by it and shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all taxes, assessments and governmental charges which are material to the Company and its Subsidiaries, on a consolidated basis (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon the Company or its Subsidiaries or upon the income, profits or property of the Company or any such Significant Subsidiary, and (ii) all lawful claims of materialmen, mechanics, carriers, warehousemen, landlords and other like persons which are material to the Company and its Subsidiaries, on a consolidated basis and, if unpaid, might by law become a lien upon the property of the Company or any such Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment or governmental charge change or claim whose amount, applicability or validity is being contested in good faith and for which disputed amounts adequate reserves have been made in the opinion of the Company's management or as required by generally accepted accounting principles.