Examples of Properly Contested in a sentence
Each Loan Party has filed all federal and all material state and local Tax returns and other reports each is required by law to file or has properly filed for extensions of time for the filing thereof and has paid all Taxes, assessments, fees and other governmental charges that are due and payable (other than any amount the validity of which is currently being Properly Contested).
Pay, when due, all Taxes, assessments and other Charges lawfully levied or assessed upon such Loan Party or any of the Collateral, including real and personal property taxes, assessments and charges and all franchise, income, employment, social security benefits, withholding and sales Taxes except (a) to the extent being Properly Contested or (b) to the extent such failure could not reasonably be expected to result in a Lien on any Collateral (other than Permitted Liens).