Common use of Litigation and Taxes Clause in Contracts

Litigation and Taxes. There is no Proceeding pending, or to Borrower’s knowledge, threatened, against Borrower or its officers, managers, members or shareholders, or against or affecting any of its assets. In addition, there is no outstanding judgments, orders, writs, decrees or other similar matters or items against or affecting Borrower, its business or assets. Borrower has not received any material complaint from any Customer, supplier, vendor or employee. Borrower has duly filed all applicable income or other tax returns and has paid all income or other taxes when due. There is no Proceeding, controversy or objection pending or threatened in respect of any tax returns of Borrower.

Appears in 3 contracts

Samples: Credit Agreement, Security Agreement (THEDIRECTORY.COM, Inc.), Credit Agreement (Social Reality)

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Litigation and Taxes. There is no Proceeding pending, or to each Borrower’s knowledge, threatened, against any Borrower or its their respective officers, managers, members or shareholders, or against or affecting any of its their respective assets. In addition, there is no outstanding judgments, orders, writs, decrees or other similar matters or items against or affecting any Borrower, its business or assets. No Borrower has not received any material complaint from any Customer, supplier, vendor or employee. Each Borrower has duly filed all applicable income or other tax returns and has paid all income or other taxes when due. There is no Proceeding, controversy or objection pending or threatened in respect of any tax returns of any Borrower.

Appears in 1 contract

Samples: Credit Agreement (T.O Entertainment, Inc.)

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Litigation and Taxes. There is no Proceeding pending, or to Borrower’s knowledge, threatened, against Borrower Borrower, any of its Subsidiaries or its officers, managers, members their respective officers or shareholders, or against or affecting any of its their respective assets. In addition, there is no outstanding judgments, orders, writs, decrees or other similar matters or items against or affecting the Borrower, its business or assets. Borrower has not received any material complaint from any Customercustomer, supplier, vendor or employee. Borrower has duly filed all applicable income or other tax returns and has paid all income or other taxes when due. There is no Proceeding, controversy or objection pending or threatened in respect of any tax returns of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Jammin Java Corp.)

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