Payment of Debts and Taxes. Pay all Debt and perform all obligations promptly and in accordance with their terms, and pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower's property. Borrower shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
Payment of Debts and Taxes. The Borrower and its Subsidiaries shall pay all debts, liabilities, taxes, assessments and other governmental charges when due in the ordinary course; provided, however, that no such debt, liability, tax, assessment or other governmental charge need be paid if such is being contested in good faith by appropriate legal proceedings promptly initiated and diligently conducted and if such reserves or other appropriate provision, if any, as shall be required by GAAP shall have been made therefor.
Payment of Debts and Taxes. 12 7.13 INSURANCE .......................................... 12 ARTICLE 8: NEGATIVE COVENANTS .............................. 12
Payment of Debts and Taxes. Except as would not reasonably be expected to have a material adverse effect on Borrower, and giving effect to applicable extensions and grace periods, (i) pay all Debt and perform all obligations promptly and in accordance with their terms, and (ii) pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower's property. Borrower shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
Payment of Debts and Taxes. (i) The Borrower and each Guarantor: (a) has filed all required federal and material state and local tax returns with appropriate taxing authorities respecting its operations, assets and properties; and (b) has paid or caused to be paid all taxes shown on those returns to the extent due, and has paid all tax or other assessments imposed by Governmental Authorities, except in either case taxes which are being contested in good faith and for which adequate bonds or other sureties as required by law have been posted by the Borrower or Guarantor.
Payment of Debts and Taxes. Except as set forth on Schedule 3.06 hereto, and to the extent to which the failure to do so would have a Material Adverse Effect, the Seller: (a) has duly and timely filed all required Tax Returns with the appropriate taxing authorities, which Tax Returns are true, correct and complete in all material respects; (b) has duly and timely paid or caused to be paid all Taxes for which the Seller is or may be liable as shown on those Tax Returns; (c) has made full provision for the payment of all Taxes that have accrued but which were not due and payable on or before the Closing Date; and (d) has duly and timely withheld or collected and paid over to the appropriate taxing authorities all Taxes required to have been withheld or collected and paid over by it. To the extent to which the failure to do so would have a Material Adverse Effect, no adjustment relating to any such Tax Return has been proposed formally or informally by any taxing authority or any representative thereof, and there is no request for information currently outstanding that could affect any Tax for which the Seller is or may be liable or to which any of the Assets or the Business may be subject. To the Seller's knowledge, there is no pending audit, examination, investigation, action or other proceeding relating to the assessment or allocation of any Tax for which any of the Assets may be subject and to the Seller's knowledge, no such audit, examination, investigation, action, proceeding, adjustment or request has been threatened. There is no outstanding waiver or agreement that extends the statute of limitations for any period with respect to the assessment or collection of any Tax for which the Seller is or may be liable relating to any of the Assets. There is no Tax Lien on any of the Assets. The Seller is current in its payment of debts and performance of obligations with respect to the Assets (other than Taxes), except to the extent payment or performance is not or would not yet be required under applicable law and except to the extent failure to so pay or perform would not have a Material Adverse Effect.
Payment of Debts and Taxes. (i) All required tax returns have been filed with the appropriate taxing authorities with respect to the operations, assets and properties of Borrower and each Guarantor, except to the extent that (a) extensions of time to make such filing have been duly granted by the appropriate taxing authorities and those extensions have not expired, or (b) payment is not yet required; and Borrower and each Guarantor has paid or caused to be paid all taxes shown on those returns to the extent due.
Payment of Debts and Taxes. Pay all Debt and perform all obligations promptly and in accordance with their terms, and pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Borrower or any such Subsidiary, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon Borrower's or any such Subsidiary's property. Neither Borrower nor or any such Subsidiary shall, however, be required to pay or discharge any such obligation, tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings.
Payment of Debts and Taxes. 16 11.11 FDA CONSENT DECREE . . . . . . . . . . . . . . . . . . . . . . . . 16 11.12 INSURANCE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 11.13
Payment of Debts and Taxes. Pay all Debt and perform all obligations promptly and in accordance with their terms, and pay and discharge promptly all taxes, assessments, and governmental charges or levies imposed upon Guarantor, on a consolidated basis, its property, or revenues prior to the date on which penalties attach thereto, as well as all lawful claims for labor, material, supplies, or otherwise which, if unpaid, might become a lien or charge upon the property of Guarantor, Borrower, or any Material Subsidiary. Guarantor, Borrower, and the Material Subsidiaries shall not, however, be required to pay or discharge any such tax, assessment, charge, levy, or claim so long as its enforceability, amount, or validity is contested in good faith by appropriate proceedings, and adequate reserves are maintained.
