Failure to Pay Taxes. The Borrower, any U.S. Guarantor, or any European Subsidiary shall fail to pay when due any tax, assessment or other governmental charge as and when due to the appropriate governmental entity.
Appears in 2 contracts
Samples: Second Waiver and Amendment Agreement, Second Waiver and Amendment Agreement (Selas Corp of America)
Failure to Pay Taxes. The Borrower, any U.S. Guarantor, or any European Subsidiary shall fail to pay when due any tax, assessment or other governmental charge as and when due to the appropriate governmental entity.
Appears in 2 contracts
Samples: Waiver and Amendment Agreement (Selas Corp of America), Waiver and Amendment Agreement (Selas Corp of America)
Failure to Pay Taxes. The Borrower, any U.S. Guarantor, or any European Subsidiary shall fail to pay when due any tax, assessment or other governmental charge as and when due to the appropriate governmental entity, unless such entity shall be disputing any such tax, assessment or charge in good faith by appropriate proceedings, diligently conducted, and adequate reserve shall have been made therefore as required by GAAP.
Appears in 1 contract
Samples: Third Waiver and Amendment Agreement (Selas Corp of America)
