Common use of Taxation Clause in Contracts

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 9 contracts

Samples: Agreement (Grindrod Shipping Holdings Ltd.), Agreement (Solutia Inc), Agreement (Grindrod Shipping Holdings Ltd.)

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Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).,

Appears in 8 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Taxation. (a) 17.21.1 It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 6 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)

Taxation. (a) It The Borrower has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 5 contracts

Samples: Agreement (Anthracite Capital Inc), Agreement (Anthracite Capital Inc), Multicurrency Revolving Facility Agreement (Anthracite Capital Inc)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties where failure to do so is reasonably likely to have a Material Adverse Effect (save to the extent that (i) payment is being contested in good faith, and (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 4 contracts

Samples: Agreement (Luxottica Group Spa), Facility Agreement (Luxottica Group Spa), Agreement (Luxottica Group Spa)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save except to the extent that (ia) such payment is being contested in good faith, (iib) it has maintained adequate reserves for those Taxes and (iiic) such payment can be lawfully withheld).

Appears in 3 contracts

Samples: Export Finance Agreement (Votorantim Pulp & Paper Inc), Export Finance Agreement (Votorantim Pulp & Paper Inc), Export Finance Agreement (Votorantim Pulp & Paper Inc)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties (penalties; save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).that:

Appears in 3 contracts

Samples: Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save except to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 2 contracts

Samples: Agreement (SunOpta Inc.), Multipurpose Facilities Agreement (SunOpta Inc.)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 2 contracts

Samples: Agreement (Sterlite Industries (India) LTD), Term Facility Agreement (Sterlite Industries (India) LTD)

Taxation. (a) It and each of its Subsidiaries has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring material penalties (save except to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (Alliance Data Systems Corp)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon on it or its assets within the time period allowed without incurring penalties (save to the extent that (i) the payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).;

Appears in 2 contracts

Samples: Facilities Agreement (Iron Mountain Inc), Facilities Agreement (Iron Mountain Inc/Pa)

Taxation. (a) It has duly and punctually paid and discharged all material Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save except to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 2 contracts

Samples: Agreement (Aluminum Corp of China), Agreement (Aluminum Corp of China)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save except to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).that:

Appears in 2 contracts

Samples: Term Facility Agreement (Grupo Financiero Galicia Sa), Common Terms Agreement (Sedibelo Resources LTD)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves to make a payment for those Taxes and (iii) payment can be lawfully withheld).

Appears in 2 contracts

Samples: Agreement (Golden Telecom Inc), Golden Telecom Inc

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Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that that: (i) payment is being contested in good faith, (ii) it has maintained adequate reserves are being maintained for those Taxes and (iii) payment can be lawfully withheld; or failure to pay is caused by administrative or technical error that is remedied as soon as possible after receipt of notification thereof from the relevant Tax authorities).

Appears in 1 contract

Samples: Agreement (SGL Carbon Aktiengesellschaft)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and Taxes, (iii) payment can be lawfully withheldwithheld and (iv) any failure to punctually pay or discharge such Taxes is unlikely to have a Material Adverse Effect).

Appears in 1 contract

Samples: Agreement (Melrose PLC)

Taxation. (a) It and each of its Subsidiaries has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save except to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 1 contract

Samples: Subscription Agreement

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring interest or penalties (save to the extent that the Lender is satisfied that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those the payment of such Taxes and (iii) payment can be lawfully withheld).

Appears in 1 contract

Samples: Term Loan Facility Agreement (CAMAC Energy Inc.)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Taxation. (a) It has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld)) where such failure to pay or discharge or in incurring penalties would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Facilities Agreement (Benfield Greig Group PLC)

Taxation. (a) It Each of it and its Subsidiaries has duly and punctually paid and discharged all Taxes imposed upon it or its assets within the time period allowed without incurring penalties (save in each case to the extent that (i) payment is being contested in good faith, (ii) it has maintained adequate reserves for those Taxes and (iii) payment can be lawfully withheld).

Appears in 1 contract

Samples: Facility Agreement (SinoTech Energy LTD)

Taxation. (a) It has duly and punctually paid and discharged all material Taxes imposed upon it or any of its assets within the time period allowed without incurring penalties (penalties, save to the extent that (ia) payment of such Taxes is being contested in good faith, faith and (iib) it has maintained adequate reserves (that are, in its good faith determination, adequate) for those Taxes and (iii) payment can be lawfully withheld)such Taxes.

Appears in 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Taxation. (a) It has duly and punctually paid and discharged (i) all Taxes imposed upon it or its assets within the time period allowed without incurring penalties and (ii) all other Tax liabilities from time to time when they arise and within any applicable grace period (save in each case to the extent that (iA) payment is being contested in good faith, (iiB) it has maintained adequate reserves for those Taxes or liabilities and (iiiC) payment can be lawfully withheld).

Appears in 1 contract

Samples: Agreement (E-House (China) Holdings LTD)

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