Common use of Taxes and Other Liens Clause in Contracts

Taxes and Other Liens. Borrower will pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, and might become a Lien upon any or all of the Property; provided, that Borrower will not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has set up reserves therefor adequate under generally accepted accounting principles. If requested by Lenders, Borrower will furnish Lenders with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims not later than the date on which penalties or Liens might attach thereto, or in the event that Borrower contests any such taxes, assessments, charges, levies or claims in accordance with this Section. If requested by Lenders, Borrower will furnish the Lenders with a reasonably detailed, written description of the contested matter and all actions taken by Borrower in connection with such contest.

Taxes and Other Liens. Borrower and Guarantor will pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, and might become a Lien upon any or all of the Property; provided, that however, the Borrower will and/or Guarantor shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will shall currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has and/or Guarantor have set up reserves therefor adequate under generally accepted accounting principlesprinciples or if the claim is covered by insurance or the payment or performance bonds. If requested by Lenders, Borrower will shall furnish Lenders Lender with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims not later than the date on which penalties or Liens might attach thereto, or in the event that the Borrower and/or Guarantor contests any such taxes, assessments, charges, levies or claims in accordance with this Section. If requested by Lenderssection, Borrower will and/or Guarantor shall furnish the Lenders Lender with a reasonably detailed, written description of the contested matter and all actions taken by Borrower and/or Guarantor in connection with such contest.

Taxes and Other Liens. The Borrower will file all tax returns required by law before the due date thereof (as validly extended) and pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property any of its property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, and might become a Lien upon any or all of the PropertyCollateral; provided, that however, Borrower will shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will shall currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has the contesting party shall have set up reserves therefor adequate under generally accepted accounting principlesGAAP. If requested by Lenders, The Borrower will shall furnish Lenders the Bank with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims against the Property not later than the date on which penalties or Liens might attach thereto, or in the event that the Borrower contests any such taxes, assessments, chargescharged, levies or claims in accordance with this Section. If requested by Lenders, the Borrower will shall furnish the Lenders Bank with a reasonably detailed, written description of the contested matter and all actions taken by the Borrower in connection with such contest.

Taxes and Other Liens. The Borrower and Orange will pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, and might become a Lien upon any or all of the Property; provided, that however, the Borrower will and/or Orange shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will shall currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has and/or Orange have set up reserves therefor adequate under generally accepted accounting principlesprinciples or if the claim is covered by insurance or the payment or performance bonds. If requested by Lenders, The Borrower will shall furnish Lenders Lender with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims not later than the date on which penalties or Liens might attach thereto, or in the event that the Borrower and/or Orange contests any such taxes, assessments, charges, levies or claims in accordance with this Section. If requested by Lenderssection, Borrower will and/or Orange shall furnish the Lenders Lender with a reasonably detailed, written description of the contested matter and all actions taken by Borrower and/or Orange in connection with such contest.

Taxes and Other Liens. Borrower and Orange will pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, and might become a Lien upon any or all of the Property; provided, that however, the Borrower will and/or Orange shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will shall currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has and/or Orange have set up reserves therefor adequate under generally accepted accounting principlesprinciples or if the claim is covered by insurance or the payment or performance bonds. If requested by Lenders, Borrower will shall furnish Lenders Lender with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims not later than the date on which penalties or Liens might attach thereto, or in the event that the Borrower and/or Orange contests any such taxes, assessments, charges, levies or claims in accordance with this Section. If requested by Lenderssection, Borrower will and/or Orange shall furnish the Lenders Lender with a reasonably detailed, written description of the contested matter and all actions taken by Borrower and/or Orange in connection with such contest.

Taxes and Other Liens. Borrower will pay and discharge (or bond over) promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon the Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, would have a Material Adverse Effect, Effect and might become a Lien upon any or all of the Property; provided, that Borrower will not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof will currently be contested in good faith by appropriate proceedings diligently conducted and if Borrower has set up reserves therefor adequate under generally accepted accounting principles. , If requested by Lenders, Borrower will furnish Lenders with proof of payment acceptable to Lenders of all taxes, assessments, charges, levies or claims not later than the date on which penalties or Liens might attach thereto, or in the event that Borrower contests any such taxes, assessments, charges, levies or claims in accordance with this Section. If requested by Lenders, Borrower will furnish the Lenders with a reasonably detailed, written description of the contested matter and all actions taken by Borrower in connection with such contest.