Common use of Taxes, Charges and Liens Clause in Contracts

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature. Imposed upon Borrower or its properties, income, or profits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might BUSINESS LOAN AGREEMENT become a lien or charge upon any of Borrower’s properties, income, or profits. Provided however, Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (1) the legality of the same shall be contested in good faith by appropriate proceedings, and (2) Borrower shall have established on Borrower’s books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with GAAP.

Taxes, Charges and Liens. Pay Borrower shall pay and discharge when due all of its indebtedness and other obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature. Imposed upon , imposed on Borrower or its properties, income, or profits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might BUSINESS LOAN AGREEMENT become a lien or charge upon on any of Borrower’s properties, income, or profits. Provided however, Xxxxxxxx will Borrower shall not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (1i) the legality of the same shall be contested in good faith by appropriate proceedings, and (2ii) Borrower shall have established on Borrower’s its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with GAAP.

Taxes, Charges and Liens. Pay Borrower shall pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature. Imposed , imposed upon Borrower or its properties, assets, income, or profits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might BUSINESS LOAN AGREEMENT become a lien or charge upon any of Borrower’s properties, assets, income, or profits. Provided ; provided however, Xxxxxxxx Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (1a) the legality of the same shall be contested in good faith by appropriate proceedings, and (2b) Borrower shall have established on Borrower’s books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with GAAP.

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, . taxes, governmental charges, levies and liens, of every kind and nature. Imposed , imposed upon Borrower or its Its properties, . income, or profits, prior to the date xxxx on which penalties would attach, and all lawful claims that, if unpaid, might BUSINESS LOAN AGREEMENT become a lien or charge upon any of Borrower’s properties, income, or profits. Provided however, Xxxxxxxx will not be required to pay and discharge any such assessment, taxlax, charge, xxxx, xxxx or claim so long as (1I) the legality of the same shall be contested in good faith by appropriate proceedings, and (2) Borrower shall have established on BorrowerXxxxxxxx’s books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with GAAP.