Contest Conditions definition

Contest Conditions has the meaning set forth in Section 11.1 of this Lease.

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Contest Conditions shall have the meaning set forth in Section 12.1.

Contest Conditions shall have the meaning set forth in Section 12.1. “Contest Security” shall have the meaning set forth in Section 12.1.1.

Examples of Contest Conditions in a sentence

The Borrower and each of its Subsidiaries will timely pay and discharge all material income Taxes and all other material Taxes for which it is responsible and make timely Tax filings with respect to material Taxes prior to the date on which penalties, fines or interest attach thereto; provided that the Borrower or such Subsidiary may permit any such Tax to remain unpaid or unfiled if it meets the Permitted Contest Conditions.
Landlord need not join in any Contest unless (a) Tenant has complied with the Contest Conditions; and (b) such Contest must be initiated or prosecuted in Landlord’s name.
So long as the Contest Conditions remain satisfied, Landlord shall enter no objection to any Contest.
Tenant shall have the sole right and authority to Contest Real Estate Taxes, in compliance with the Contest Conditions.
The Borrower and each of its Subsidiaries has timely filed or caused to be filed all material income Tax returns and all other material Tax returns and reports which are required to be filed by it, and has paid or caused to be paid all material income Taxes and all other material Taxes due, except such Taxes, if any, as are being contested pursuant to Permitted Contest Conditions.
Except for the last two years of the Term, so long as the Contest Conditions remain satisfied, Landlord shall enter no objection to any Contest.
Tenant shall have the sole right and authority to contest Real Estate Taxes, in compliance with the Contest Conditions.
Except as specified on Schedule 3.11, each Borrower Group Company has timely filed or caused to be filed all material tax returns and reports required to have been filed by it and has paid, or has caused to be paid, all material taxes required to have been paid by it, other than taxes that are being contested in accordance with the Permitted Contest Conditions.
If Tenant in good faith wishes to contest the amount or validity of any lien, then Tenant shall have the right to do so; provided that (a) Tenant shall first provide Landlord with at least ten (10) Business Days’ written notice prior to any such contest, (b) Tenant shall first record a surety bond sufficient to release such lien; and (c) Tenant shall cause the Contest Conditions to remain satisfied during such contest.
Tenant may contest any Imposition, subject to compliance with the Tenant Contest Conditions.

More Definitions of Contest Conditions

Contest Conditions shall have the meaning set forth in Section 11.1 of this Lease. "Control" (including as used in the terms “Controlling,” “Controlled by,” or “under common Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether by ownership of Equity Interests, by contract, or otherwise.

Contest Conditions means that (i) neither the Property nor any part thereof or interest therein will be sold, forfeited or lost if Borrower pays the amount or satisfies the condition being contested, and Borrower would have the opportunity to do so, in the event of Borrower’s failure to prevail in the contest, (ii) Lender would not, by virtue of such permitted contest, be exposed to any risk of civil or criminal liability, and neither the Property nor any part thereof or any interest therein would be subject to the imposition of any Lien for which Borrower has not furnished additional security as provided in clause (iii) below, as a result of the failure to comply with any Legal Requirement of such proceeding which would not be released if Borrower pays the amount or satisfies the condition being contested, and Borrower would have the opportunity to do so, in the event of Borrower’s failure to prevail in the contest, and (iii) Borrower shall have furnished to Lender additional security in respect of the claim being contested or the loss or damage that may result from Borrower’s failure to prevail in such contest in such amount as may be requested by Lender, but in no event less than 125% of the amount of such claim.