To Pay Taxes. It will from time to time pay or cause to be paid all taxes, rates, levies, assessments, ordinary or extraordinary, government fees or dues lawfully levied, assessed or imposed upon or in respect of its property (real or personal), assets and undertaking or any part thereof or upon the income and profits of the Company as and when the same become due and payable, and that it will exhibit or cause to be exhibited to the Lenders when requested the receipts and vouchers establishing such payments, and will duly observe and conform to all valid requirements of any governmental authority relative to any of its property or rights which are material to its overall undertaking, provided, however, that the Company shall have the right to contest in good faith by legal proceedings any such taxes, rates, levies, assessments, government fees or dues and, upon such contest, may delay or defer payment or discharge thereof if the Company shall have set aside on its books reserves (segregated to the extent required by sound accounting practice) deemed by it to be adequate with respect thereto, or if in the opinion of the Directors, the failure to pay and discharge promptly the same shall be in the interests of the Company and not disadvantageous in any material respect to the Lenders.
To Pay Taxes. It will from time to time pay or cause to be paid all taxes, rates, levies, assessments, ordinary or extraordinary, government fees or dues lawfully levied, assessed or imposed upon or in respect of its property (real or personal), assets and undertaking or any part thereof or upon the income and profits of the Guarantor as and when the same become due and payable, and that it will exhibit or cause to be exhibited to the Trustee when requested the receipts and vouchers establishing such payments, and will duly observe and conform to all valid requirements of any governmental authority relative to any of its property or rights which are material to its overall undertaking, provided, however, that the Guarantor shall have the right to contest in good faith by legal proceedings any such taxes, rates, levies, assessments, government fees or dues and, upon such contest, may delay or defer payment or discharge thereof if the Guarantor shall have set aside on its books reserves (segregated to the extent required by sound accounting practice) deemed by it to be adequate with respect thereto, or if in the opinion of the Directors, the failure to pay and discharge promptly the same shall be in the interests of the Guarantor and not disadvantageous in any material respect to the Debentureholders.
To Pay Taxes. Power to pay any taxes fees or duties (and any interest and penalties chargeable thereon) in relation to the Trust Fund or any part thereof in arty circumstances whatsoever and notwithstanding that such taxes fees or duties are not legally enforceable against the Trustees.
To Pay Taxes. The Corporation shall, and shall the cause the Material Subsidiaries to pay, and discharge promptly when due, all taxes, assessments and other governmental charges or levies imposed upon it or upon its properties or assets or upon any part thereof, as well as all claims of any kind (including claims for labour, materials and supplies) which, if unpaid, would by law become a Lien; provided however that the Corporation shall not be required to pay any such tax, assessment, charge or levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings and if the Corporation shall have set aside on its books the reserve to the extent required by generally accepted accounting principles applied in the United States or Canada, as the case may be, in an amount which is reasonably adequate with respect thereto.
To Pay Taxes. The Borrower will pay or cause to be paid all taxes, rates, government fees and dues levied, assessed or imposed upon it and upon its property or any part thereof, as and when the same become due and payable, save and except when, and so long as, the validity of any such taxes, rates, fees, dues, levies, assessments or imposts is in good faith, by proper legal proceedings, being contested by it, provided such proceedings effectively postpone enforcement of any lien arising from non-payment;
To Pay Taxes. It will pay all taxes, levies, assessments and government fees or dues lawfully levied, assessed or imposed in respect of the Collateral and the Security Interests or any part thereof as and when the same shall become due and payable, save and except such taxes, rates, levies, assessments and government fees or dues as are in good faith being disputed by the Obligor, and shall exhibit to the Trustee, when required, the receipts and vouchers establishing such payments.
To Pay Taxes. The Corporation will from time to time pay or cause to be paid, and cause each of its Subsidiaries to pay, all taxes, rates, levies, assessments, ordinary or extraordinary, government fees or dues lawfully levied, assessed or imposed upon or in respect of its property (real or personal), assets and undertaking or any part thereof or upon the income and profits of the Corporation and each of its Subsidiaries, as applicable, as and when the same become due and payable, and that it will exhibit or cause to be exhibited to the Debentureholders and the Trustee when requested the receipts and vouchers establishing such payments, and will duly observe and conform to all valid requirements of any governmental authority relative to any of its property or rights which are material to its overall undertaking, provided, however, that the Corporation and each of its Subsidiaries, as applicable, shall have the right to contest in good faith by legal proceedings any such taxes, rates, levies, assessments, government fees or dues and, upon such contest, may delay or defer payment or discharge thereof if the Corporation or its Subsidiaries, as applicable, shall have set aside on its books reserves (segregated to the extent required by sound accounting practice) deemed by it to be adequate with respect thereto, or if in the opinion of the directors or the directors of such Subsidiary, as applicable, the failure to pay and discharge promptly the same shall be in the interests of the Corporation or such Subsidiary, as applicable, and not disadvantageous in any material respect to the Debentureholders.
To Pay Taxes. That it will pay the real estate and personal property taxes assessed upon the premises during said term as they shall fall due.
To Pay Taxes. The Companies will from time to time pay or cause to be paid all rents, taxes, rates, levies or assessments, ordinary or extraordinary government fees or dues, lawfully levied, assessed or imposed upon or in respect of the Mortgaged Property or any part thereof, as and when the same become due and payable, that they will diligently prevent any lien from arising against the Mortgaged Property in respect of the failure to make such payment, that they will exhibit or cause to be exhibited to the Holder, when required, the receipts and vouchers establishing such payment, and that they will duly observe and conform to all valid requirements of any Governmental Authority relating to any of the property mortgaged or charged hereby and to all covenants, terms and conditions upon or under which the Mortgaged Property is held, save and except when and so long as a Company is in good faith contesting the validity of any such rents, taxes, rates, levies, assessments, fees or dues, requirements, covenants, terms and conditions and a Company has satisfied the Holder that any such contestation will involve no forfeiture of any part of the property mortgaged or charged hereby and, if required by the Holder, furnished security satisfactory to it.
To Pay Taxes. The Corporation will, and will cause each the Subsidiaries to, pay or cause to be paid all taxes, rates, government fees and dues levied, assessed or imposed upon them and upon their property or any part thereof, as and when the same become due and payable, save and except when and so long as the validity of any such taxes, rates, fees, dues, levies, assessments or imposts is in good faith by proper legal proceedings contested by them in which event they shall satisfy Lender and if requested by Lender furnish security satisfactory to Lender that such contestation will involve no forfeiture of any of their property and to duly observe and conform to all valid and material requirements of any governmental authority relative to any of its property and all covenants, terms and conditions upon or under which such property is held provided, however, that nothing herein contained shall require them to observe any such requirements so long as they shall, in good faith, be contesting their obligation to observe such requirements.
