Common use of Payment of Liabilities, Including Taxes, Etc Clause in Contracts

Payment of Liabilities, Including Taxes, Etc. The Borrower shall duly pay and discharge, and shall cause its Subsidiaries to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices), all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, the Borrower may choose not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The Borrower Borrowers -------------------------------------------- shall duly pay and discharge, and shall cause its their respective Subsidiaries which are not Borrowers, to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices)) promptly as and when the same shall become due and payable, all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, the relevant Borrower may choose -------- ------- not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The Borrower Company shall duly pay --------------------------------------------- and discharge, and shall cause its Subsidiaries to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices)) promptly as and when the same shall become due and payable, all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments Taxes and governmental charges Charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, the Borrower Company may choose not to pay any such liabilities, including taxes, assessments -------- ------- Taxes or chargesCharges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The Borrower shall -------------------------------------------- duly pay and discharge, and shall cause its Subsidiaries to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices)) promptly as and when the same shall become due and payable, all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, -------- ------- the Borrower may choose not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The Borrower shall duly pay and discharge, and shall cause its Subsidiaries to pay and discharge timely all obligations, accounts, liabilities, taxes, assessments and governmental charges and levies (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices), all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, the Borrower may choose not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The -------------------------------------------- Borrower shall duly pay and discharge, and shall cause its Subsidiaries to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices)) promptly as and when the same shall become due and payable, all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, however, -------- ------- the Borrower may choose not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

Payment of Liabilities, Including Taxes, Etc. The Borrower shall --------------------------------------------- duly pay and discharge, and shall cause its Subsidiaries to pay and discharge timely (subject, where applicable, to specified grace periods and, in the case of trade payables, to normal payment practices), all liabilities which singularly are in excess of $100,000 or which in the aggregate exceed $500,000 to which they are subject or which are asserted against them, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon them or any of their properties, assets, income or profits, prior to the date on which penalties attach thereto; provided, provided however, -------- ------- the Borrower may choose chose not to pay any such liabilities, including taxes, assessments or charges, if the same are being contested in good faith and for which such reserves (including reserves for any additional amounts which would be payable as a result of the failure to discharge timely any such liabilities) or other appropriate provisions, if any, as shall be required by GAAP shall have been made.