Common use of Tax Returns and Taxes Clause in Contracts

Tax Returns and Taxes. Each Obligor has filed all material Tax returns and Tax reports required by law to have been filed by it and has paid all Taxes thereby shown to be owing, except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books.

Appears in 13 contracts

Samples: Credit Agreement (SilverCrest Metals Inc.), Credit Agreement (Equinox Gold Corp.), Credit Agreement (New Gold Inc. /FI)

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Tax Returns and Taxes. Each Obligor and each Specified Entity has filed all income and other material Tax returns and Tax reports required by law to have been filed by it and has paid all Taxes thereby shown to be owing and all Taxes upon its respective properties and assets which are owing, except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books.

Appears in 4 contracts

Samples: Revolving Credit Facility (Gatos Silver, Inc.), Credit Agreement (Gatos Silver, Inc.), Credit Agreement (Gatos Silver, Inc.)

Tax Returns and Taxes. Each Obligor has filed all material Tax returns and Tax reports required by law to have been filed by it and has paid all Taxes thereby shown to be owing, except (i) any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles GAAP shall have been set aside on its booksbooks or (ii) where the failure to so file or pay could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Wheaton Precious Metals Corp.), Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Silver Wheaton Corp.)

Tax Returns and Taxes. Each Obligor has filed all material Tax returns and Tax reports required by law Applicable Law to have been filed by it it, such Tax returns and reports are correct and complete, and each Obligor has paid all Taxes thereby shown to be owing, except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books.

Appears in 1 contract

Samples: Credit Agreement (Endeavour Silver Corp)

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Tax Returns and Taxes. Each Obligor has filed all material Tax tax returns and Tax tax reports required by law to have been filed by it and has paid all Taxes taxes and governmental charges thereby shown to be owing, except any such Taxes taxes or charges which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles Generally Accepted Accounting Principles shall have been set aside on its books.

Appears in 1 contract

Samples: Credit Agreement (Breakwater Resources LTD)

Tax Returns and Taxes. Each Obligor has filed all material Tax tax returns and Tax tax reports required by law to have been filed by it and has paid all Taxes taxes and governmental charges thereby shown to be owing, except any such Taxes taxes or charges which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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