Tax Liabilities. (a) The Credit Parties shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Credit Parties or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 14 contracts
Samples: Consent and Agreement (Pacific Ventures Group, Inc.), Consent and Agreement (Bitzio, Inc.), Senior Secured Revolving Credit Facility Agreement (Staffing Group, Ltd.)
Tax Liabilities. (a) The Credit Parties shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Credit Parties or any of its their properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 9 contracts
Samples: Secured Revolving Credit Facility Agreement (RiceBran Technologies), Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.), Secured Revolving Credit Facility Agreement (Comprehensive Care Corp)
Tax Liabilities. (a) The Credit Parties shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges Taxes upon, and all claims Claims (including claims for labor, materials and supplies) against the any Credit Parties Party or any of its properties, Equipment properties or InventoryAssets, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 4 contracts
Samples: Consent and Agreement (Star Mountain Resources, Inc.), Consent and Agreement (Beyond Commerce, Inc.), Consent and Agreement (Pacific Ventures Group, Inc.)
Tax Liabilities. (a) The Each Credit Parties Party shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges Taxes upon, and all claims Claims (including claims for labor, materials and supplies) against the such Credit Parties Party or any of its properties, Equipment properties or InventoryAssets, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 1 contract
Tax Liabilities. (a) The Credit Parties shall at xxxxxxx all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the againstthe Credit Parties or any of its their properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 1 contract
Tax Liabilities. (a) The a)The Credit Parties shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Credit Parties or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.
Appears in 1 contract
Samples: Consent and Agreement (Sack Lunch Productions Inc.)