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.
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Samples: Stock Purchase Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)
Taxes; Governmental Charges. Each Credit Party has filed all material tax returns and reports required to be filed and has paid all taxesmaterial 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 such Taxes, assessments, fees, other governmental charges, interest and penalties as are being diligently contested in good faith by appropriate actions or proceedings disclosed to the Lenders and with respect for which reserves acceptable to which such Credit Party has provided adequate reserves for the payment thereof if required in accordance with GAAPAdministrative Agent have been established.
Appears in 3 contracts
Samples: Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc), Credit Agreement (Aventine Renewable Energy Holdings Inc)
Taxes; Governmental Charges. Each Credit Party has filed all material tax returns and reports required by law to be filed and has paid all material 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 GAAPGAAP or IFRS.
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