Common use of Taxes; Pensions Clause in Contracts

Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely file, all federal taxes, assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Zhone Technologies Inc), Loan and Security Agreement (Zhone Technologies Inc)

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Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely filepay, all federal foreign, federal, state and local taxes, assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereofhereof and other than taxes which do not, individually or in the aggregate, exceed One Hundred Thousand Dollars ($100,000), and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cyan Inc), Loan and Security Agreement (Cyan Inc)

Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely filepay, all federal foreign, federal, state and local taxes, assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for (i) any taxes in an amount less than Twenty-Five Thousand Dollars ($25,000.00) or (ii) deferred payment of any taxes contested pursuant to the terms of Section 5.9 5.8 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pandion Therapeutics Holdco LLC), Loan and Security Agreement (Pandion Therapeutics Holdco LLC)

Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely filepay, all federal foreign, federal, state and local taxes, assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except except, in each case, for deferred payment of any taxes contested pursuant to the terms of Section 5.9 5.8 hereof, and taxes with respect to which the amount does not exceed the amount (either individually or in the aggregate) set forth in Section 5.8 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Frequency Therapeutics, Inc.)

Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), or validly filed extensions therefor) and timely pay, and require each of its Subsidiaries to timely filepay, all federal foreign, federal, state and local taxes, assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof and taxes with respect to which the amount does not exceed the amount set forth in Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 1 contract

Samples: Loan and Security Agreement (iRhythm Technologies, Inc.)

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Taxes; Pensions. (a) Timely file, and require each of its Subsidiaries to timely filefile (in each case, unless subject to a valid extension), all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely filepay, all federal foreign, federal, state, and local taxes, assessments, deposits deposits, and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for (i) taxes that do not exceed $50,000.00 and (ii) deferred payment of any taxes contested pursuant to the terms of Section 5.9 4.8(a) hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay pay, and require each of its Subsidiaries to pay, all amounts necessary to fund all present pension, profit sharing sharing, and deferred compensation plans in accordance with their terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Imunon, Inc.)

Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required federal tax returns and reports (and all required state, local, and foreign, material tax returns and reports), and timely pay, and require each of its Subsidiaries to timely filepay, all foreign, federal taxes, and state income and payroll taxes and any other material assessments, deposits and contributions (and all state, local, and foreign, material taxes, assessments, deposits and contributions) owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and except for any failure to file or pay that does not result in any Lien attaching to the Collateral, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Pixelworks, Inc)

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