Common use of Laws and Taxes Clause in Contracts

Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.

Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.

Laws and Taxes. The Such Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The Such Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all tax returns required tax returnsto be filed by it, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the such Borrower.

Laws and Taxes. The Borrower has all approvals, authorizations and other rights under the 1940 Act necessary to conduct its business as currently conducted. The , the Borrower: (a) is in material compliance with all Requirements of Law applicable to it, (b) has filed all required tax returns, (c) has paid all taxes shown to be due and payable on those returns, and (d) no taxing authority has asserted or assessed any additional material tax liabilities against the Borrower.