Prompt Payment of Taxes. The Borrower shall (and shall ensure that each Significant Subsidiary will) duly pay all Taxes payable by it, other than (a) those taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made; or (b) whose amount does not exceed $25,000,000 (or its equivalent in any other currencies).
Prompt Payment of Taxes. Accrue its tax liability (including withholdings for employee taxes and social security) in accordance with usual accounting practice and pay or discharge (or cause to be paid or discharged) as they become due all taxes, assessments and government charges upon its property, operations, income and products (as well as all claims for labor, materials or supplies), which, if unpaid, might become a lien upon any of its property; provided that the Borrower shall, prior to payment thereof, have the right to contest such taxes, assessments and charges in good faith by appropriate proceedings so long as the Lender’s interests are protected by bond, letter of credit, escrowed funds or other appropriate security.
Prompt Payment of Taxes. Accrue its tax liability (including _______________________ withholdings for employee taxes and social security) in accordance with usual accounting practice and pay or discharge (or cause to be paid or discharged) as they become due all taxes, assessments, and government charges upon its property, operations, income and products (as well as all claims for labor, materials or supplies), which, if unpaid might become a lien upon any of its property; provided, that the BORROWER shall, prior to payment thereof, have the right to contest such taxes, assessments and charges in good faith by appropriate proceedings so long as the BANK's interests are protected by bond, letter of credit, escrowed funds or other appropriate security.
Prompt Payment of Taxes. Accrue the Borrower's and the Guarantors' tax liability in accordance with usual accounting practice and pay or discharge (or cause to be paid or discharged) as they become due all taxes, assessments, and government charges upon its property, operations, income and products (as well as all claims for labor, materials or supplies), which, if unpaid might become a lien upon any of its property; provided, that the Borrower and/or the Guarantors (as applicable) shall, prior to payment thereof, have the right to contest such taxes, assessments and charges in good faith by appropriate proceedings so long as the Bank's interests are protected by bond, letter of credit, escrowed funds or other appropriate security or adequate reserves have been established therefor.
Prompt Payment of Taxes. The Borrower shall promptly pay all Taxes payable by it other than:
Prompt Payment of Taxes. The Borrower shall (and shall ensure that each other Mining Obligor and Material Mining Subsidiary will) duly pay all Taxes payable by it, other than:
Prompt Payment of Taxes etc. VPSI will promptly pay and discharge, or cause to be paid and discharged, when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business of VPSI or any subsidiary; provided, however, that any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if VPSI shall have set aside on its books adequate reserves with respect thereto, and provided, further, that VPSI will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may have attached as security therefor. VPSI will promptly pay or cause to be paid when due, or in conformance with customary trade terms, all other indebtedness incident to operations of VPSI.
Prompt Payment of Taxes. Each Obligor shall (and shall ensure that each member of the Group will) duly pay all Taxes payable by it, other than Taxes which are being contested in good faith and by appropriate proceedings and in respect of which adequate reserves or other appropriate provisions have been made.
Prompt Payment of Taxes. The Debtor shall promptly pay any and all taxes, assessments, and/or governmental charges upon the Collateral on the dates such taxes, assessments, and/or governmental charges are due and payable, except to the extent that such taxes, assessments, and/or charges are contested in good faith by the Debtor by appropriate proceedings and for which the Debtor is maintaining adequate reserves. Upon request of the Secured Party, the Debtor shall deliver to the Secured Party such receipts and other proofs of payment as the Secured Party may reasonably request;
Prompt Payment of Taxes. On the Effective Date and throughout the term of this Agreement, RAC must not be in arrears in the payment of taxes, rents, or other obligations owing the State or any county of the State.
