Common use of Taxes; Governmental Charges Clause in Contracts

Taxes; Governmental Charges. Each Credit Party has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Properties or income which are due and payable after all available extension periods, including interest and penalties or have except to the extent being diligently contested in good faith by appropriate proceedings and with respect to which such Credit Party has provided adequate reserves for the payment thereof if required in accordance with GAAP.

Taxes; Governmental Charges. Each Credit Party has filed all tax returns and reports required by law to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Properties or income which are due and payable after all available extension periodspayable, including interest and penalties or have penalties, except to the extent being diligently contested in good faith by appropriate proceedings and with respect to which such Credit Party has provided adequate reserves for the payment thereof if required in accordance with GAAP.