Common use of Taxes and Other Liens Clause in Contracts

Taxes and Other Liens. Each Borrower shall and shall cause each Subsidiary to pay and discharge promptly all lawful taxes, assessments and governmental charges or levies imposed upon each Borrower or any Subsidiary or upon the income or any assets or property of either Borrower or any Subsidiary as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either Borrower or any Subsidiary and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that the Borrowers and their Subsidiaries shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if such Borrower or Subsidiary shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. Each The Borrower shall will pay and shall discharge, and will cause each Subsidiary to pay and discharge discharge, promptly all lawful taxes, assessments and governmental charges or levies imposed upon each the Borrower or any Subsidiary Subsidiary, or upon the income or any assets or property of either Borrower or any Subsidiary Subsidiary, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either Borrower or any Subsidiary and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that the Borrowers and their Subsidiaries neither Borrower nor any Subsidiary shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if such Borrower or such Subsidiary shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. Each Borrower shall and shall cause each Subsidiary to pay and discharge promptly all lawful taxes, assessments and governmental charges or levies imposed upon each Borrower or any Subsidiary or upon the income or any assets or property of either Borrower or any Subsidiary as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either Borrower or any Subsidiary and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that the Borrowers Borrower and their its Subsidiaries shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if such Borrower or Subsidiary shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. Each Borrower shall and shall cause each Subsidiary to pay and discharge promptly all lawful taxes, assessments and governmental charges or levies imposed upon each Borrower or any Subsidiary or upon the income or any assets or property of either Borrower or any Subsidiary as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either Borrower or any Subsidiary and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that the Borrowers Borrower and their its Subsidiaries shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if such Borrower or such Subsidiary shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. Each The Borrower shall and shall the Guarantors will (and SWR and MSC will cause each Partnership and each Restricted Subsidiary to to) pay and discharge promptly all lawful taxes, assessments and governmental charges or levies imposed upon each Borrower or any Subsidiary or upon the income or any assets or property of either the Borrower or any Subsidiary as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either Borrower or any Subsidiary and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that Borrower, the Borrowers Guarantors and their Subsidiaries the Partnerships shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed stayed, and if such Borrower Borrower, the Guarantors or Subsidiary the Partnerships, or any of them, as the case may be, shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. Each Borrower shall and shall cause each Subsidiary to Guarantor will pay and discharge promptly all lawful taxesTaxes, assessments and governmental charges or levies imposed upon each such Borrower or any and such Subsidiary Guarantor, or upon the income or any assets or property of either such Borrower or any and such Subsidiary Guarantor, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of either each Borrower or any Subsidiary Guarantor and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that none of the Borrowers and their Subsidiaries nor any Subsidiary Guarantor shall not be required to pay any such taxTax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if any such Borrower or any such Subsidiary Guarantor shall have set up adequate reserves therefor, if required, under GAAP.