Taxes and Other Indebtedness. With respect to Borrower and its Subsidiaries, promptly pay and discharge when due, and cause each Subsidiary to promptly pay and discharge when due, any and all Indebtedness (other than Permitted Indebtedness), Liens (other than Permitted Liens), charges, taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits, or upon any of its Properties prior to the date upon which penalties accrue thereon, and lawful claims which, if unpaid, are or might become a Lien (other than a Permitted Lien) or material charge upon its Property or otherwise would be reasonably likely to have a Material Adverse Effect, except for items being contested by Borrower in good faith where Borrower has provided adequate reserves to satisfy such item if the contest is not successful.
Taxes and Other Indebtedness. Except for amounts being contested as permitted in the Loan Documents, Borrower will pay and discharge (a) before delinquency all taxes, assessments, and governmental charges or levies imposed upon it, its income or profits, or any property belonging to it, including the Collateral; (b) when due all lawful claims (including claims for labor, materials, and supplies) which, if unpaid, might become a lien or encumbrance upon any of its assets; and (c) when due all its other indebtedness, including trade payables.
Taxes and Other Indebtedness. Borrower and its Subsidiaries shall promptly pay and discharge when due (i) all Taxes prior to the date upon which penalties accrue thereon except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, (ii) all Indebtedness which, if unpaid, could become a Lien (other than a Permitted Lien) upon the property of Borrower or its Subsidiaries and (iii) all other Indebtedness which, if unpaid, could reasonably be expected to have a Material Adverse Effect, except such Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of Lender.
Taxes and Other Indebtedness. Seller shall pay and discharge, subject to the right of protest set forth in Section 5.11, before delinquency, all taxes, assessments, and governmental charges or levies imposed upon it, upon its income or profits, or upon any property belonging to it, when due, all valid and lawful claims (including, without limitation, claims for labor, materials, and supplies), which, if unpaid, might become a Lien or Encumbrance upon any of its assets or property, and before delinquency, all its other indebtedness. Upon written request by Xxxxx, Seller shall send evidence of such payment to Buyer, or Buyer may retain a tax service for confirmation of payment of such amounts.
Taxes and Other Indebtedness. Except for taxes and assessments being contested in accordance with the Deed of Trust and except for taxes and assessments that Administrative Agent has agreed in its sole and absolute discretion may be paid in installments as provided in the Deed of Trust, Borrower shall pay and discharge (i) before delinquency all taxes, assessments, and governmental charges or levies imposed upon it, upon its income or profits, or upon any property belonging to it, or upon the Note, any Deed of Trust, or the indebtedness evidenced or secured thereby, (ii) when due all lawful claims (including, without limitation, claims for labor, materials, and supplies), which, if unpaid, might become a Lien or Encumbrance upon any of its assets or property, and (iii) all its other material trade credit. Upon the request of Administrative Agent, Borrower shall deliver to Administrative Agent receipts or other evidence satisfactory to Administrative Agent showing payment of all taxes and assessments on the Collateral. Borrower shall pay when due all dues and charges for water and water delivery, electricity, gas, sewers, waste removal, bills for repairs, and any and all other claims, encumbrances and expenses incident to the ownership of the Collateral.
Taxes and Other Indebtedness. Subject to Borrower’s right to contest the validity and amount of any such items in accordance with the Deed of Trust, Borrower shall pay and discharge before delinquency, all taxes, assessments, and governmental charges or levies imposed upon it, upon its income or profits, or upon any property belonging to it, when due, all valid and lawful claims (including, without limitation, claims for labor, materials, and supplies), which, if unpaid, might become a Lien or Encumbrance upon any of its assets or property, and before delinquency, all its other indebtedness. Subject to the foregoing right to contest, Borrower shall provide evidence to Bank no later than thirty (30) days after the date on which ad valorem taxes would be delinquent that such taxes have been paid in full.
Taxes and Other Indebtedness. Promptly pay and discharge when due, and cause each Subsidiary to promptly pay and discharge when due, any and all Indebtedness (other than Permitted Indebtedness), Liens (other than Permitted Liens), charges, taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits, or upon any of its properties prior to the date upon which penalties accrue thereon, and lawful claims which, if unpaid, are or might become a Lien (other than a Permitted Lien) or material charge upon its property or otherwise would be reasonably likely to have a Material Adverse Effect, except for items being contested in good faith where adequate reserves have been provided to satisfy such item if the contest is not successful. Without limiting the generality of the foregoing, Purchaser shall pay all custom duties, taxes and charges when due and shall not be entitled to agree upon a deferred payment of such duties, taxes and charges; provided, however, that Purchaser may incur and maintain deferred custom duty obligations so long as (i) such obligations are for the importation of equipment used in the business of Purchaser, (ii) the aggregate principal amount thereof does not exceed at any one time Ten Million Dollars
Taxes and Other Indebtedness. Borrower shall, or shall cause each Subsidiary to, pay and discharge (i) before delinquency all taxes, assessments, and governmental charges or levies imposed upon it, upon its income or profits, or upon any of its assets or property, (ii) when due all lawful claims (including, without limitation, claims for labor, materials, and supplies), that, if unpaid, might become a Lien or Encumbrance upon any of its assets or property, and (iii) when due, all its other indebtedness.
Taxes and Other Indebtedness. Except for (i) Liens and Impositions being contested in accordance with the Deed of Trust, (ii) income taxes or franchise taxes for which no lien has been filed, which are contested in good faith and for which Borrower is maintaining adequate reserves, and (iii) Impositions that Bank has agreed in its sole and absolute discretion may be paid in installments as provided in the Deed of Trust, Borrower shall pay and discharge (A) before delinquency all taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits, or upon any property belonging to it, (B) when due all lawful claims (including, without limitation, claims for labor, materials and supplies), which, if unpaid, might become a Lien or Encumbrance upon any of its assets or property subject to a Lien created under the Loan Documents, other than such claims which Borrower may contest pursuant to the terms and conditions of the Deed of Trust, and (C) when due all its other indebtedness.
Taxes and Other Indebtedness. Borrower will pay and discharge (i) before delinquency all taxes, assessments, and governmental charges or levies ("Impositions") imposed upon it, upon its income or profits, or upon any of its assets or property, (ii) when due all lawful claims (including, without limitation, claims for labor, materials, and 12 13 supplies), that, if unpaid, might become a Lien or Encumbrance upon any of its assets or property, and (iii) when due all its other indebtedness, provided, however, Borrower shall have the right before any delinquency occurs to contest or object to the amount or validity of any Imposition by appropriate proceedings, but this shall not be deemed or construed in any way as relieving, modifying, or extending Borrower's covenant to pay any such Imposition, unless Borrower has given prior written notice to Bank of Borrower's intent to so contest or object to an Imposition, and unless, in Bank's absolute and sole discretion, (i) Borrower shall demonstrate to Bank's satisfaction that the proceedings to be initiated by Borrower shall conclusively operate to prevent the sale of the Collateral or any part thereof or interest therein to satisfy such Imposition. Notwithstanding the preceding, Borrower shall not be required to notify Bank, and Bank shall not have any review rights with respect to any Imposition involving an amount in controversy of $500,000.00 or less.
