Common use of Taxes and Reports Clause in Contracts

Taxes and Reports. All Tax returns, reports and statements of each Credit Party required by any Applicable Law to be filed with any Governmental Authority have been duly and properly filed except to the extent the failure to file, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. All such returns, reports and statements are complete and accurate in all material respects. All Taxes due or anticipated to become due in respect of each Credit Party, or any of their respective Properties, incomes or franchises, have been duly paid by, or have been adequately provided for in accordance with GAAP on the books of, such Credit Party other than those which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. In addition, except as may be permitted by Section 6.1(e) or 6.2(a)(ii)(A), no Liens have been filed or registered, and no claims are being asserted (or, to the Credit Parties’ knowledge, threatened), with respect to any such Taxes which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Axtel Sab De Cv), Credit Agreement (Axtel Sab De Cv)

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Taxes and Reports. All Tax returns, reports and statements of each Credit Party required by any Applicable Law to be filed with any Governmental Authority have been duly and properly filed except to the extent the failure to file, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. All such returns, reports and statements are complete and accurate in all material respects. All Taxes due or anticipated to become due in respect of each Credit Party, or any of their respective Properties, incomes or franchises, have been duly paid by, or have been adequately provided for in accordance with GAAP on the books of, such Credit Party other than those which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. In addition, except as may be permitted by Section 6.1(e) or 6.2(a)(ii)(A), no Liens have been filed or registered, and no claims are being asserted (or, to the Credit Parties’ knowledge, threatened), with respect to any such Taxes which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.. Credit Agreement 40

Appears in 1 contract

Samples: Credit Agreement (Axtel Sab De Cv)

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Taxes and Reports. All Tax returns, reports and statements of each Credit Party required by any Applicable Law to be filed with any Governmental Authority have been duly and properly filed except to the extent the failure to file, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. All such returns, reports and statements are complete and accurate in all material respects. All Taxes due or anticipated to become due in respect of each Credit Party, or any of their respective Properties, incomes or franchises, have been duly paid by, or have been adequately provided for in accordance with GAAP on the books of, such Credit Party other than those which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. In addition, except as may be permitted by Section 6.1(e) or 6.2(a)(ii)(A), no Liens have been filed or registered, and no claims are being asserted (or, to the Credit Parties’ knowledge, threatened), Bredie Credit Agreement 39 with respect to any such Taxes which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Samples: Assignment and Assumption (Axtel Sab De Cv)

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