Example ContractsClausespayment of expenses and taxesVariants
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Payment of Taxes. Except as otherwise permitted under [Section 5.5], all tax returns and reports of Parent, each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Parent, any Loan Party and their respective Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, each Loan Party and each of their respective Subsidiaries have made adequate provision in accordance with Applicable Accounting Principles for all taxes not yet due and payable.

Payment of Taxes. Except as set forth on [Schedule 4.20] and as otherwise permitted under [Section 5.5], all tax returns and reports of Parent, each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Parent, anya Loan Party and their respectiveits Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent,Except as set forth on [Schedule 4.20], each Loan Party and each of their respectiveits Subsidiaries have made adequate provision in accordance with Applicable Accounting PrinciplesGAAP for all taxes not yet due and payable. No Borrower knows of any proposed tax assessment against a Loan Party or any of its Subsidiaries that is not being actively contested by such Loan Party or such Subsidiary diligently, in good faith, and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor.

Payment of Taxes. Except as otherwise permitted under [Section 5.5], all taxmaterial Tax returns and reports of Parent, each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxesmaterial Taxes shown on such taxTax returns to be due and payable and all assessments, fees and other governmental charges upon Parent, anya Loan Party and their respectiveits Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, eachEach Loan Party and each of their respectiveits Subsidiaries have made adequate provision in accordance with Applicable Accounting PrinciplesGAAP for all taxesTaxes not yet due and payable. No Borrower knows of any proposed Tax assessment against a Loan Party or any of its Subsidiaries that is not being appropriately contested by such Loan Party or such Subsidiary diligently, in good faith, and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor.

Payment of Taxes. Except as otherwise permitted under [Section 5.5], all taxTax returns and reports of Parent,Parent and each Loan Party andof its Restricted Subsidiaries required to be filed by any of them have been timely filed, and all taxesTaxes shown or required to be shown on such taxTax returns to be due and payable and all assessments, fees and other governmental chargesTaxes upon Parent,Parent or any Loan Party and their respectiveof its Restricted Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, each Loan Partypayable, except for # any Taxes which are the subject of a Permitted Protest, or # to the extent that the failure of to pay such Taxes could not reasonably be expected to result in a Material Adverse Effect and does not give rise to any Lien which is not a Permitted Lien. Parent and each of their respectiveits Restricted Subsidiaries have made adequate provision in accordance with Applicable Accounting PrinciplesGAAP for all taxesTaxes not yet due and payable. Neither Parent nor any Borrower knows of any proposed Tax assessment against Parent or any of its Restricted Subsidiaries that is not being actively contested by Parent or such Restricted Subsidiary diligently, in good faith, and by appropriate proceedings; provided, that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor.

Payment of

SECTION # Taxes. Except as otherwise permitted under [Section 5.5], all tax returns and reports of Parent, each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Parent, any Loan Party and their respective Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, eachEach Loan Party and each of their respective SubsidiariesSubsidiary has timely filed or caused to be filed all Tax returns and reports required to have madebeen filed and has paid or caused to be paid all Taxes required to have been paid by it, except # Taxes that are being contested in good faith by appropriate proceedings and for which such Loan Party or such Subsidiary, as applicable, has set aside on its books adequate provisionreserves or # to the extent that the failure to do so could not be expected to result in accordancea Material Adverse Effect. No tax liens have been filed and no claims are being asserted with Applicable Accounting Principles for all taxes not yet due and payable.respect to any such taxes.

Payment

SECTION #Payment of Taxes. Except as otherwise permitted under [Section 5.5],There have been filed on behalf of the Loan Parties and their respective Subsidiaries all material Federal, state and local income, excise, property and other tax returns and reports of Parent, each Loan Party and its Subsidiarieswhich are required to be filed by any of them have been timely filed, and all taxes showndue pursuant to such returns or pursuant to any assessment received by or on behalf of the Loan Parties or any Subsidiary have been paid other than those being contested in good faith and by appropriate proceedings diligently conducted and with respect to which such tax returns to be duePerson has established adequate reserves in accordance with GAAP. The charges, accruals and payable and all assessments, fees and other governmental charges upon Parent, anyreserves on the books of the Loan PartyParties and their respective Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, eachin respect of taxes or other governmental charges are, in the opinion of the Loan Parties, adequate. No Loan Party and eachhas been given or been requested to give a waiver of their respective Subsidiaries have made adequate provision in accordance with Applicable Accounting Principles for all taxes not yet due and payable.the statute of limitation relating to the payment of Federal, state, local or foreign taxes.

Payment

SECTION #Payment of Taxes. Except as otherwise permitted under [Section 5.5],There have been filed on behalf of the Loan Parties and their respective Subsidiaries all Federal, state and local income, excise, property and other tax returns and reports of Parent, each Loan Party and its Subsidiarieswhich are required to be filed by any of them have been timely filed, and all taxes showndue pursuant to such returns or pursuant to any assessment received by or on behalf of the Loan Parties or any Subsidiary have been paid other than those being contested in good faith and by appropriate proceedings diligently conducted and with respect to which such tax returns to be duePerson has established adequate reserves in accordance with GAAP. The charges, accruals and payable and all assessments, fees and other governmental charges upon Parent, anyreserves on the books of the Loan PartyParties and their respective Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Parent, eachin respect of taxes or other governmental charges are, in the opinion of the Loan Parties, adequate. No Loan Party and eachhas been given or been requested to give a waiver of their respective Subsidiaries have made adequate provision in accordance with Applicable Accounting Principles for all taxes not yet due and payable.the statute of limitation relating to the payment of Federal, state, local or foreign taxes.

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