Tax Liability. Borrower and its Subsidiaries have filed all tax returns which are required to be filed, and have paid, or made provision for the payment of, all taxes with respect to the periods, Property or transactions covered by said returns, or pursuant to any assessment received by Borrower or any of its Subsidiaries, except (a) such taxes, if any, as are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established and maintained and (b) immaterial taxes so long as no material Property of Borrower or any Subsidiary is at impending risk of being seized, levied upon or forfeited.
Appears in 17 contracts
Samples: Credit Agreement (Golden State Water CO), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)
Tax Liability. Borrower and its Subsidiaries have filed all tax returns which are required to be filed, and have paid, or made provision for the payment of, all taxes with respect to the periods, Property or transactions covered by said returns, or pursuant to any assessment received by Borrower or any of its Subsidiaries, except (a) such taxes, if any, as are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established and maintained and (b) immaterial taxes so long as no material Property of Borrower or any Subsidiary of its Subsidiaries is at impending risk of being seized, levied upon or forfeited.
Appears in 13 contracts
Samples: Reducing Revolving Loan Agreement (Station Casinos Inc), Loan Agreement (Station Casinos Inc), Revolving Loan Agreement (Viasat Inc)
Tax Liability. Borrower and its Subsidiaries the other Obligors have filed all tax returns which are required to be filed, and have paid, or made provision for the payment of, all taxes with respect to the periods, Property or transactions covered by said returns, or pursuant to any assessment received by Borrower or any of its Subsidiaries, except (a) such taxes, if any, as are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established and maintained and (b) immaterial taxes so long as no material Property of Borrower or any Subsidiary is at impending risk of being seized, levied upon or forfeited.
Appears in 3 contracts
Samples: Credit Agreement (California Steel Industries Inc), Credit Agreement (Keystone Automotive Industries Inc), Credit Agreement (Modtech Holdings Inc)
Tax Liability. Borrower The Company and its Subsidiaries have filed all tax returns which are required to be filed, and have paid, or made provision for the payment of, all taxes with respect to the periods, Property property or transactions covered by said returns, or pursuant to any assessment received by Borrower the Company or any of its Subsidiaries, except (a) such taxes, if any, as are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established and maintained and (b) immaterial taxes so long as no material Property property of Borrower the Company or any Subsidiary of its Subsidiaries is at impending risk of being seized, levied upon or forfeited.
Appears in 1 contract
Samples: Guarantee (Safeskin Corp)
Tax Liability. Borrower Lessee and its Subsidiaries have filed all tax returns which are required to be filed, and have paid, or made provision for the payment of, all taxes with respect to the periods, Property property or transactions covered by said returns, or pursuant to any assessment received by Borrower Lessee or any of its Subsidiaries, except EXCEPT (a) such taxes, if any, as are being contested in good faith by appropriate proceedings and as to which adequate reserves have been established and maintained and (b) immaterial taxes so long as no material Property property of Borrower Lessee or any Subsidiary of its Subsidiaries is at impending risk of being seized, levied upon or forfeited.
Appears in 1 contract
