Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties or equipment before the same shall become delinquent and before penalties accrue thereon, except for such items which are being contested in good faith and have been reserved for in accordance with GAAP.
Appears in 3 contracts
Sources: Credit Agreement (Ipalco Enterprises Inc), Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises Inc)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties properties, Equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Bank.
Appears in 2 contracts
Sources: Loan and Security Agreement (Huron Consulting Group Inc.), Loan and Security Agreement (Huron Consulting Group Inc.)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties properties, equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Bank.
Appears in 2 contracts
Sources: Loan and Security Agreement (Banyan Rail Services Inc.), Loan and Security Agreement (Bhit Inc)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties properties, Equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which are being contested in good faith and have been reserved for in accordance with GAAP.
Appears in 2 contracts
Sources: Loan and Security Agreement (First Horizon Pharmaceutical Corp), Loan and Security Agreement (Fortune Industries, Inc.)
Tax Liabilities. The Borrower shall at all times pay and discharge all property income and other material taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties or equipment properties, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPwhich adequate reserves are being maintained.
Appears in 1 contract
Sources: Revolving Credit Facility Loan Agreement (IPC Alternative Real Estate Income Trust, Inc.)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties properties, Equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Agent.
Appears in 1 contract
Tax Liabilities. The Borrower Borrowers shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower Borrowers or any of its properties their properties, equipment or equipment inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Bank.
Appears in 1 contract
Tax Liabilities. The Borrower Borrowers shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower Borrowers or any of its properties their properties, equipment or equipment inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith and have been reserved for in accordance with GAAPby appropriate proceedings.
Appears in 1 contract
Sources: Subordinated Loan Agreement (TRC Companies Inc /De/)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties properties, Equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of Bank.
Appears in 1 contract
Sources: Loan and Security Agreement (CFC International Inc)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties or equipment properties, in each case before the same shall become any such amount becomes delinquent and before penalties accrue thereon, except for such items which are being contested in good faith and have been reserved for in accordance with GAAP.
Appears in 1 contract
Sources: Loan and Security Agreement (Itt Educational Services Inc)
Tax Liabilities. The Borrower Borrowers shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower Borrowers or any of its properties their properties, equipment or equipment Inventory, before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Bank.
Appears in 1 contract
Sources: Loan and Security Agreement (FreightCar America, Inc.)
Tax Liabilities. The Borrower shall at all times pay and discharge all property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against the Borrower or any of its properties or equipment before the same shall become delinquent and before penalties accrue thereon, except for such items which unless and to the extent that the same are being contested in good faith by appropriate proceedings and have been reserved for in accordance with GAAPare insured against or bonded over to the satisfaction of the Bank.
Appears in 1 contract
Sources: Loan Agreement (Eloyalty Corp)