Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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 6 contracts
Sources: Securities Purchase Agreement (Aqualiv Technologies, Inc.), Securities Purchase Agreement (American Natural Energy Corp), Securities Purchase Agreement (Aqualiv Technologies, Inc.)
Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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 6 contracts
Sources: Securities Purchase Agreement (Meridian Waste Solutions, Inc.), Securities Purchase Agreement (Meridian Waste Solutions, Inc.), Securities Purchase Agreement (Visualant Inc)
Tax Liabilities. The Company and each of its subsidiaries shall at At all times pay and discharge all material Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries Subsidiaries or any of its or their properties or Assets, 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 3 contracts
Sources: Securities Purchase Agreement (Crossroads Systems Inc), Securities Purchase Agreement (Crossroads Systems Inc), Securities Purchase Agreement (Crossroads Systems Inc)
Tax Liabilities. The Company and each of its subsidiaries the Guarantors shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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 3 contracts
Sources: Securities Purchase Agreement (Pervasip Corp), Securities Purchase Agreement (Medytox Solutions, Inc.), Securities Purchase Agreement (Osl Holdings, Inc.)
Tax Liabilities. The Company and each of its subsidiaries the Guarantors shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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 maintainedmaintained or as otherwise provided in this Agreement.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (Growlife, Inc.)
Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge all Taxes taxes upon, and all Claims claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assetsassets, 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
Sources: Committed Equity Facility Agreement (MusclePharm Corp)
Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the any Company and each of its subsidiaries or any of its or their properties or Assets, 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. The Company and each of its subsidiaries shall at all times To pay and discharge all material Taxes upon, and all material Claims (including claims for labor, materials and supplies) against against, the Company and each of its subsidiaries Subsidiaries or any of its or their properties or Assets, 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
Sources: Securities Purchase Agreement (Industrial Services of America Inc /Fl)
Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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 G▇▇▇ are being maintained.
Appears in 1 contract
Sources: Securities Purchase Agreement (Millennium Healthcare Inc.)
Tax Liabilities. The Company and each of its subsidiaries shall at all times pay and discharge discharge- all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries or any of its or their properties or Assets, 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
Sources: Securities Purchase Agreement (Dynamic Ventures Corp.)
Tax Liabilities. The Company and each of its subsidiaries Subsidiaries shall at all times pay and discharge all Taxes upon, and all Claims (including claims for labor, materials and supplies) against the Company and each of its subsidiaries Subsidiaries or any of its or their properties or Assets, 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
Sources: Securities Purchase Agreement (Cyclone Power Technologies Inc)