Common use of Taxes, Assessments and Charges Clause in Contracts

Taxes, Assessments and Charges. Promptly pay over to the appropriate authorities all sums for taxes deducted and withheld from wages as well as the employer’s contributions and other governmental charges imposed upon or asserted against Borrower’s income, profits, properties and rental charges or otherwise which are or might become a lien charged upon Borrower’s properties, unless the same are being contested in good faith by appropriate proceedings and adequate reserves shall have been established on Borrower’s books with respect thereto.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement (Wsi Industries, Inc.), Loan Agreement (Minn Shares Inc)

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Taxes, Assessments and Charges. Promptly pay over to the appropriate authorities all sums for taxes deducted and withheld from wages as well as the employer’s contributions relating thereto and promptly pay all taxes, assessments and other governmental charges imposed upon or asserted against Borrower’s income, profits, properties and activities and all claims for labor, materials, supplies, rental charges or otherwise which are or might become a lien charged upon Borrower’s properties, unless the same are being contested in good faith by appropriate proceedings and adequate reserves shall have been established on Borrower’s books with respect theretohereto.

Appears in 2 contracts

Samples: Loan Agreement (Entrx Corp), Loan Agreement (Zamba Corp)

Taxes, Assessments and Charges. Promptly pay over to the appropriate authorities all sums for taxes deducted and withheld from wages as well as the employer’s 's contributions and other governmental charges imposed upon or asserted against Borrower’s 's income, profits, properties and rental charges or otherwise which are or might become a lien charged upon Borrower’s 's properties, unless the same are being contested in good faith by appropriate proceedings and adequate reserves shall have been established on Borrower’s 's books with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Summer Energy Holdings Inc), Loan Agreement (Scio Diamond Technology Corp)

Taxes, Assessments and Charges. Promptly pay over to the appropriate authorities all sums for taxes deducted and withheld from wages as well as the employer’s 's contributions and other governmental charges imposed upon or asserted against the Borrower’s 's income, profits, properties and rental charges or otherwise which are or might become a lien charged upon the Borrower’s 's properties, unless the same are being contested in good faith by appropriate proceedings and adequate reserves shall have been established on the Borrower’s 's books with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Luxemburg Bancshares Inc)

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Taxes, Assessments and Charges. Promptly pay over to the appropriate authorities all sums for taxes deducted and withheld from wages as well as the employer’s 's contributions and other governmental charges imposed upon or asserted against the Borrower’s income, profits, properties and rental charges or otherwise which are or might become a lien charged upon the Borrower’s properties, unless the same are being contested in good faith by appropriate proceedings and adequate reserves shall have been established on the Borrower’s books with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Clearfield, Inc.)

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