Common use of Taxes and Other Obligations Clause in Contracts

Taxes and Other Obligations. Borrower (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them and its properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its properties; PROVIDED, HOWEVER, that Borrower may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety (90) days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its operations. Borrower shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. Borrower Tweeter and each Subsidiary (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them it and its properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its properties; PROVIDEDprovided, HOWEVERhowever, that Borrower Tweeter and any Subsidiary may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety sixty (9060) days from the due date in the case of trade debt), all material lease obligations, trade debt and all other material Indebtedness incident to its operations. Borrower Tweeter and each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paidpaid (except to the extent contested in accordance with the terms of Section 8.2), as the case may be, in order to maintain its good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. The Borrower and each Subsidiary (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them it and its properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its properties; PROVIDEDprovided, HOWEVERhowever, that the Borrower and any Subsidiary may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced commenced, and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but but, unless contested in good faith, not later than ninety (90) 60 days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its operations. The Borrower and each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. The Borrower and each Subsidiary (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them it and its properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its properties; PROVIDED, HOWEVERand (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but, unless contested in good faith, not later than 60 days from the due date in the case of trade debt), all lease obligations, trade debt and all other Indebtedness incident to its operations, provided, however, that the Borrower and any Subsidiary may contest any such charges charges, claims or claims obligations in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced commenced. The Borrower and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety (90) days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its operations. Borrower each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. The Borrower and each Subsidiary (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, charges imposed upon each of them it and its properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its properties; PROVIDEDprovided, HOWEVERhowever, that the Borrower and any Subsidiary may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced commenced, and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety (90) 90 days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its operations. The Borrower and each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. Borrower The Parent and each Subsidiary --------------------------- (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them and its their properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its their properties; PROVIDEDprovided, HOWEVERhowever, that Borrower the Parent and any Subsidiary may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced commenced, and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety (90) 60 days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its their operations. The Borrower and each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its their good standing with the Internal Revenue Service and state, local and foreign tax authorities.

Taxes and Other Obligations. Borrower The Company and each --------------------------- Subsidiary (a) will duly pay and discharge, or cause to be paid and discharged, before the same shall become in arrears, all material taxes, assessments and other governmental charges, imposed upon each of them and its their properties, sales and activities, or upon the income or profits therefrom, as well as the claims for labor, materials, or supplies which if unpaid might by law result in a lien or charge upon any of its their properties; PROVIDEDprovided, HOWEVERhowever, that Borrower the Company and any Subsidiary may contest any such charges or claims in good faith so long as (i) an adequate reserve therefor has been established and is maintained if and as required by generally accepted accounting principles and (ii) no action to foreclose any such lien has been commenced commenced, and (b) will promptly pay or cause to be paid when due, or in conformance with customary trade terms (but not later than ninety (90) 60 days from the due date in the case of trade debt), all material lease obligations, trade debt and all other Indebtedness incident to its their operations. Borrower The Borrowers and each Subsidiary shall cause all applicable tax returns and all amounts due thereunder to be filed and paid, as the case may be, in order to maintain its their good standing with the Internal Revenue Service and state, local and foreign tax authorities.