Statutory Lien Payments definition
Examples of Statutory Lien Payments in a sentence
Except as would not individually or in the aggregate, reasonably be expected to give rise to a Material Adverse Effect, the Borrower and each of its Subsidiaries, to the extent applicable, has discharged all obligations (including interest and penalties, but other than current obligations for which the time for remittance has not expired) in respect of the Statutory Lien Payments which, if unpaid, might become a Lien on any of its respective assets.
Except as would not individually or in the aggregate, reasonably be expected to give rise to a Material Adverse Effect, each Loan Party and each of its Subsidiaries, to the extent applicable, has discharged all obligations (including interest and penalties, but other than current obligations for which the time for remittance has not expired) in respect of the Statutory Lien Payments which, if unpaid, might become a Lien on any of its respective assets.
Each Loan Party has remitted all material contributions required pursuant to the Canada Pension Plan, provincial pension plan contributions, employment insurance premiums, employer health taxes and other Taxes payable under Applicable Law by it in respect of its employees (the Statutory Lien Payments) and has remitted such amounts to the proper Governmental Authority within the time required under the Applicable Law.
Borrower will and will cause its Subsidiaries to make timely payment or deposit of all tax payments and withholding taxes required of it and them by applicable laws, including those laws concerning F.I.C.A, F.U.T.A, state disability, municipal, local state, provincial and federal income taxes, and the Tax Act and Statutory Lien Payments, and will, upon request, furnish Agent with proof satisfactory to Agent indicating that Borrower and its Subsidiaries have made such payments or deposits.
Companies will make timely payment or deposit of all tax payments and withholding taxes required of them by Applicable Law, including the Canadian Income Tax Act, Statutory Lien Payments and those laws concerning F.I.C.A., F.U.T.A., state disability, and local, state, provincial and federal income taxes, and will, upon request, furnish Agent with proof satisfactory to Agent indicating that the applicable Company has made such payments or deposits.
Communications (Canada) has remitted all Canada Pension Plan contributions, provincial pension plan contributions, workers compensation assessments, employment insurance premiums, employer health taxes, municipal real estate taxes and other taxes payable under the Applicable Law by it (the "Statutory Lien Payments") and has remitted such amounts to the proper Governmental Authority within the time required under the Applicable Law.
The Company shall, and shall cause each of the other Borrowers and the Subsidiaries of each Borrower to, make timely payment or deposit of all tax payments and withholding taxes required of it by any Borrower (as defined in the New Credit Agreement) or its Subsidiaries under Applicable Laws, including the Canadian Income Tax Act, Statutory Lien Payments, those laws concerning F.I.C.A., F.U.T.A., state or provincial disability, and local, state, provincial and federal income taxes.