Common use of Compliance with Laws; Payment of Taxes Clause in Contracts

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower or any of their Subsidiaries, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc)

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Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply diligently pursued and except for any noncompliance that does not have and would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay and except for any noncompliance that does not have and would not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Material Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or diligently pursued and except where the failure to so comply would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default. The Borrower will, and will cause each of its Material Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up reserves in accordance with GAAP or (ii) and except where the failure to so to pay would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Gerber Scientific Inc)

Compliance with Laws; Payment of Taxes. The Borrower Guarantor will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower Guarantor will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower Guarantor or any of their Subsidiaries, except (i) liabilities being contested in good faith and against which, if requested by the Administrative Agent, the Borrower Guarantor will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 1 contract

Samples: Guarantee and Reimbursement Agreement (HSI IP, Inc.)

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and and, in the case of ERISA, each member of the Controlled Group to, comply in all material respects with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effectdiligently pursued. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith by appropriate proceedings diligently pursued and against which, if requested by the Agent, the Borrower will shall have set up reserves in accordance with GAAP or and (ii) where liabilities the failure so to pay would not reasonably be expected to nonpayment of which could have or cause a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings diligently pursued or where noncompliance could not, alone or in the failure to so comply would not aggregate, reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property Property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will has set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Coast Airlines Holdings Inc)

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and and, in the case of ERISA, each member of the Controlled Group to, comply in all material respects with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effectdiligently pursued. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due due, all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien Lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith by appropriate proceedings diligently pursued and against which, if requested by the Administrative Agent, the Borrower will shall have set up reserves in accordance with GAAP or and (ii) where liabilities the failure so to pay would not reasonably be expected to nonpayment of which could have or cause a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Carmike Cinemas Inc)

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Compliance with Laws; Payment of Taxes. (a) The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings diligently pursued or where the failure to so comply would could not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.

Appears in 1 contract

Samples: Credit Agreement (Airborne Freight Corp /De/)

Compliance with Laws; Payment of Taxes. The Borrower Guarantor will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower Guarantor will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower Guarantor or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the AgentAgent Bank, the Borrower Guarantor will set up reserves in accordance with GAAP or (ii) where the failure to so to pay would not reasonably be expected to have or cause a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Home Depot Inc)

Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or diligently pursued and except where the failure to so comply would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up reserves in accordance with GAAP or (ii) and except where the failure to so to pay would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Gerber Scientific Inc)

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