Common use of Tax Returns and Taxes Clause in Contracts

Tax Returns and Taxes. The Borrower has filed all federal, state, and local tax returns required to be filed and has paid all taxes, assessments, and governmental charges and levies thereon, including interest and penalties, except where the same are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside, and no liens for taxes have been filed and no claims are being assessed by a governmental authority with respect to any taxes. The charges, accruals and reserves on the books of the Borrower with respect to taxes or other governmental charges are adequate;

Appears in 1 contract

Samples: SBM Industries Inc

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Tax Returns and Taxes. The Each Borrower has filed all federal, state, state and local tax returns required to be filed and has paid all taxes, assessments, assessments and governmental charges and levies thereon, including interest and penalties, except where the same are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside, and no liens for taxes have been filed and no claims are being assessed by a governmental authority Governmental Authority with respect to any taxes. The taxes or the charges, accruals and reserves on the books of the Borrower Borrowers with respect to taxes or other governmental charges are adequate;thereto.

Appears in 1 contract

Samples: Security Agreement (Total Tel Usa Communications Inc)

Tax Returns and Taxes. The Borrower has filed all federal, state, state and local tax returns required to be filed and has paid all taxes, assessments, assessments and governmental charges and levies thereon, including interest and penalties, except where the same are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside, and no liens for taxes have been filed and no claims are being assessed by a governmental authority with respect to any taxes. The charges, accruals and reserves on the books of the Borrower with respect to taxes or other governmental charges are adequate;

Appears in 1 contract

Samples: Premier Research Worldwide LTD

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Tax Returns and Taxes. The Borrower has filed all federalfxxxxxl, state, state and local tax returns required to be filed and has paid all taxes, assessments, taxes assessments and governmental charges and levies thereon, including interest and penalties, except where the same are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside, and no liens for taxes have been filed and no claims are being assessed by a governmental authority with respect to any taxes. The charges, accruals and reserves on the books of the Borrower with respect to taxes or other governmental charges are adequate;

Appears in 1 contract

Samples: Credit Agreement (Leak X Environmental Corporation)

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