Tax Returns. Each Borrower and Guarantor has filed, or caused to be filed, in a timely manner all material tax returns, reports and declarations which are required to be filed by it. All information in such tax returns, reports and declarations is complete and accurate in all material respects. Each Borrower and Guarantor has paid or caused to be paid all material taxes due and payable or claimed due and payable in any assessment received by it, except taxes the validity of which are being contested in good faith by appropriate proceedings diligently pursued and available to such Borrower or Guarantor and with respect to which adequate reserves have been set aside on its books. Adequate provision has been made for the payment of all material accrued and unpaid Federal, State, county, local, foreign and other taxes whether or not yet due and payable and whether or not disputed.
Tax Returns. EachTaxes. The Borrower and Guarantor has filed,filed or caused to be filed, in a timely mannerfiled all federal tax returns and all other material tax returns, reports and declarations whichreturns that are required to be filed by it. All information init and all such tax returns, reports and declarations is complete and accuratereturns are correct in all material respects. EachThe Borrower and Guarantor has paid or caused to be paidmade adequate provisions for the payment of all Taxes shown on such tax returns and all material taxes due and payableassessments made against it or claimed due and payable in any assessment received by it, except taxesof its property (other than # any amount of Tax the validity of which areis currently being contested in good faith by appropriate proceedings diligently pursued and available to such Borrower or Guarantor and with respect to which adequate reserves in accordance with GAAP have been set asideprovided on its books. Adequate provision has been made for the paymentbooks of all material accrued and unpaid Federal, State, county, local, foreign and other taxes whetherthe Borrower, or # to the extent that the failure to do so could not yet due and payable and whether or not disputed.reasonably be expected to have a Material Adverse Effect).
Tax Returns. Each BorrowerTaxes. All federal and Guarantor has filed, or caused to be filed, in a timely mannerstate income tax returns, and all other material tax returns, reports and declarations which are required to be filed by it. All informationany Borrowers and any Guarantor in such tax returns, reportsany jurisdiction have been filed when due (after giving effect to any extensions permitted by applicable law and declarations is completeregulations), and accurate in all federal and state income taxes and all other material respects. Each Borrowertaxes, assessments, and Guarantor has paidother governmental charges imposed upon Borrowers, or caused to be paid all material taxesupon any of their properties, income or franchises, which are due and payable or claimed duepayable, have been paid when due, except for taxes, assessments and payable in any assessment received by it, except taxesother governmental charges with respect to which # the validity of which arethereof is being contested in good faith by appropriateproper proceedings diligently pursued and available to such Borrower or Guarantor andwhich stay the enforcement of any Lien resulting from non-payment thereof, # adequate reserves in accordance with respect to which adequate reservesGAAP have been set aside on its books. Adequate provision has been made for the payment thereof, and # the maximum amount in controversy, individually or in the aggregate, does not exceed $10,000,000. The provisions for reserves for Taxes on the books of Borrowers are adequate in all material accruedrespects for all unaudited Fiscal Years and unpaid Federal, State, county, local, foreign and other taxes whether or not yet due and payable and whether or not disputed.for its current fiscal period.
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