Payment of Taxes; Liens. Each Obligor will promptly pay, or cause to be paid, all taxes, assessments and other governmental charges which may lawfully be levied or assessed (i) upon the income or profits of such Obligor, (ii) upon any fee simple owned real property and all material leases and material personal property, belonging to such Obligor, or upon any part thereof, or (iii) by reason of any lawful claims for labor, material and supplies which, if unpaid, might become a lien or charge against the property of such Obligor; provided, however, such Obligor shall not be required to pay any such tax, assessment, charge, levy, or claim so long as the validity thereof shall be actively contested in good faith by appropriate proceedings and such Obligor shall have set aside on its books adequate reserves with respect to any such tax, assessment, charge, levy, or claim so contested; but provided further that any such tax, assessment, charge, levy, or claim shall be paid forthwith upon the commencement of proceedings to foreclose any lien securing the same and the failure to promptly thereafter bond off such lien within 60 days after the filing thereof.
Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its property, and (ii) all lawful claims which, if unpaid, might by law become a lien upon its property, except any thereof which is being contested in good faith and by appropriate proceedings.
Payment of Taxes; Liens. The Borrower will, and will cause its Subsidiaries to, pay and discharge promptly when due:
Payment of Taxes; Liens. Each Borrower will promptly pay, or cause to be paid, all taxes, assessments and other governmental charges which may lawfully be levied or assessed (i) upon the income or profits of such Borrower, (ii) upon any property, real, personal or mixed, belonging to such Borrower, or upon any part thereof, or (iii) by reason of employee benefit plans sponsored by such Borrower, and also any lawful claims for labor, material, and supplies which, if unpaid, might become a lien or charge against any such property; provided, however, no Borrower shall be required to pay any such tax, assessment, charge, levy, or claim so long as the validity thereof shall be actively contested in good faith by proper proceedings; but provided further that any such tax, assessment, charge, levy, or claim shall be paid forthwith upon the commencement of proceedings to foreclose any lien securing the same.
Payment of Taxes; Liens. Each Owner shall pay or cause to be paid prior to delinquency the real estate taxes, assessments, special district charges and all other public, governmental, quasi-public or quasi-governmental charges which are or may become a lien upon the Owner's Parcel or Parcels ("Impositions"), and all other liens or charges which may be or become superior to this Declaration or any amendments thereto. If any Owner fails to pay any Imposition or other lien or charge as provided herein, the Association shall have the right, but no obligation, to cure such default. All costs and expenses, including attorneys' fees and costs, incurred by the Association in connection with any such cure may be recovered by the Association as a Reimbursement Assessment against said Owner and its Parcel or Parcels. An Owner shall have the right, at its own cost and expense, and in its own name, to contest or protest or seek to have reviewed, reduced, equalized or abated any Imposition levied upon its Parcel(s) by first paying such Imposition and thereafter filing a claim for refund or pursuing such other remedy as may then be available under and in accordance with California law. Upon final determination of any such proceeding, the protesting Owner shall pay the Impositions for which EXHIBIT F -29- PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems] it is responsible pursuant to this Section as they are finally determined and all penalties, interest, costs and expense which may thereupon be due or have resulted therefrom. An Owner shall notify the Association in writing of any contest or protest so filed by an Owner, and shall provide the Association, upon request, with any and all documents pertaining thereto.
Payment of Taxes; Liens. The Borrower and each of its Subsidiaries will pay or cause to be paid when due, subject to any permitted extensions, all taxes, assessments, and other governmental charges which may lawfully be levied or assessed (a) upon the income or profits of the Borrower or such Subsidiary; (b) upon any property, real, personal or mixed, belonging to the Borrower or such Subsidiary, or upon any part thereof; or (c) by reason of employee benefit plans sponsored by the Borrower or such Subsidiary, and will also pay or cause to be paid when due, subject to any permitted extensions, any lawful claims for labor, material, or supplies which, if unpaid, might become a lien or charge against any property of the Borrower or such Subsidiary except to the extent that the failure to make such payments, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; provided, however, the Borrower or such Subsidiary shall not be required to pay any such tax, assessment, charge, levy, or claim that is past due so long as the validity thereof shall be actively contested in good faith by appropriate proceedings and the Borrower or such Subsidiary shall have set aside on its books adequate reserves (determined in accordance with GAAP) with respect to any such tax, assessment, charge, levy, or claim so contested; but provided further that any such tax, assessment, charge, levy, or claim shall be paid forthwith upon the commencement of proceedings to foreclose any lien securing the same.
Payment of Taxes; Liens. Pay and discharge all taxes, assessments and governmental charges upon it, its income and assets as and when such taxes, assessments and charges are due and payable, except and to the extent only that (a)
Payment of Taxes; Liens. Borrower will promptly pay, or cause to be paid, all taxes, assessments, and other governmental charges which may lawfully be levied or assessed (a) upon the income or profits of Borrower; (b) upon any property, real, personal or mixed, belonging to Borrower, or upon any part thereof; or (c) by reason of employee benefit plans sponsored by Borrower, and will also pay or promptly pay, or cause to be paid, any lawful claims for labor, material, or supplies which, if unpaid, might become a lien or charge against any property of Borrower; provided, however, Borrower shall not be required to pay any such tax, assessment, charge, levy, or claim so long as the validity thereof shall be actively contested in good faith by appropriate proceedings and Borrower shall have set aside on its books adequate reserves (determined in accordance with Generally Accepted Accounting Principles) with respect to any such tax, assessment, charge, levy, or claim so contested; but provided further that any such tax, assessment, charge, levy, or claim shall be paid forthwith upon the commencement of proceedings to foreclose any lien securing the same.
Payment of Taxes; Liens. Each Borrower will (and will cause its respective Subsidiaries, Controlled Affiliates and, to the extent there shall be recourse liability to such Borrower therefor, its Non-Controlled Affiliates, to) promptly pay, or cause to be paid: (a) all taxes, assessments, and other governmental charges which may lawfully be levied or assessed: (i) upon such Person's income or profits, (ii) upon all of the Mortgaged Properties and other Collateral belonging to such Person and upon materially all of the other property, real, personal or mixed, belonging to such Person, or (iii) by reason of employee benefit plans sponsored by such Person, and (b) all lawful claims for labor, material or supplies which, if unpaid, might become a Lien or charge against any such property; provided, however, no such Person shall be required to pay any such tax, assessment, charge, levy, or claim so long as the validity thereof shall be actively contested in good faith by appropriate proceedings and such Person shall have set aside on its books adequate reserves (determined in accordance with Generally Accepted Accounting Principles) with respect to any such tax, assessment, charge, levy, or claim so contested, in accordance with Section 4.7; but provided further that any such tax, assessment, charge, levy, or claim shall be paid forthwith upon the commencement of proceedings to foreclose any Lien securing the same.
Payment of Taxes; Liens. The Borrower and its Subsidiaries shall promptly pay and discharge all material taxes, assessments, levies, or other governmental charges, which may be lawfully levied or assessed on any of the Borrower’s or its Subsidiaries’ real or personal property, income, receipts, or profits. The Borrower and its Subsidiaries shall also promptly pay and discharge all material charges, levies, or claims for labor, or materials or supplies which may give rise to a lien on or charge against any of the Borrower’s or its Subsidiaries’ property; provided, however, that if the Borrower, in good faith, contests or has a bona fide dispute over such taxes, assessments, levies, charges, or claims, then in such case, provision shall be made to Holder’s reasonable satisfaction for eventual payment thereof in the event the same shall be found to be an obligation of the Borrower.
