Common use of TAXES AND OTHER LIABILITIES Clause in Contracts

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessments, taxes real and personal, including federal and state income taxes, except such as it may in good faith contest or as to which a bona fide dispute may arise; provided provision is made to the satisfaction of the Required Banks for prompt payment thereof in the event that it is found that the same is its obligation.

Appears in 2 contracts

Samples: Credit Agreement (McGrath Rentcorp), Credit Agreement (McGrath Rentcorp)

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TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessments, taxes real and personal, including federal and state income taxesTaxes, except such (a) as it Borrower may in good faith contest or as to which a bona fide dispute may arise; provided , and (b) for which Borrower has made provision is made to the satisfaction of the Required Banks for prompt eventual payment thereof in the event that it Borrower is found that the same is its obligationobligated to make such payment.

Appears in 2 contracts

Samples: Amended and Restated Loan Agreement (Zagg INC), Loan Agreement (Zagg INC)

TAXES AND OTHER LIABILITIES. Borrower shall Shall pay and discharge when due any and all indebtedness, obligations, assessments, taxes real assessments and personaltaxes, including federal and state income taxes, except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; provided that provision is made to the satisfaction of the Required Banks Lender for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Valence Technology Inc), Original Loan Agreement (Valence Technology Inc)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower's properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Lender for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (KBS Legacy Partners Apartment REIT, Inc.), Secured Loan Agreement (Price Legacy Corp)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower’s properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Administrative Agent for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Construction Loan Agreement (FC Global Realty Inc)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, personal and including federal and state income taxes, ; except such (i) as it the Borrower may in good faith contest or as to which a bona fide dispute may arise; provided provision is arise and (ii) for which the Borrower has made provision, to the satisfaction of the Required Banks Bank's satisfaction, for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of the Borrower.

Appears in 1 contract

Samples: Reimbursement Agreement

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, personal and including federal and state income taxes, except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Bank for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Reimbursement Agreement (Axt Inc)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by Borrower (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Administrative Agent for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Howard Hughes Corp)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtednessIndebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower’s properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; provided provision is made to the satisfaction of the Required Banks , and for prompt payment thereof in the event that it is found that the same is its obligationwhich adequate reserves have been provided.

Appears in 1 contract

Samples: Loan Agreement (Cb Richard Ellis Realty Trust)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, personal and including federal and state income taxes, except such as it the Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Bank for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of the Borrower.

Appears in 1 contract

Samples: Reimbursement Agreement (Provena Foods Inc)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessments, taxes real and personal, including federal and state income taxes, except such as it may 21 in good faith contest or as to which a bona fide dispute may arise; provided provision is made to the satisfaction of the Required Banks for prompt payment thereof in the event that it is found that the same is its obligation.

Appears in 1 contract

Samples: Credit Agreement (McGrath Rentcorp)

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TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due (and in installments if permitted by the applicable taxing authority as being "current") any and all material indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower's properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the reasonable satisfaction of the Required Banks Lender for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Hines Global Reit Ii, Inc.)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower’s properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Administrative Agent for prompt payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Construction Loan Agreement (Imax Corp)

TAXES AND OTHER LIABILITIES. Each Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to such Borrower and such Borrower’s properties (including federal and state income taxes), except as such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks Lender for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of such Borrower.

Appears in 1 contract

Samples: Construction Loan Agreement (DC Industrial Liquidating Trust)

TAXES AND OTHER LIABILITIES. Each Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and or personal, including without limitation federal and state income taxestaxes and state and local property taxes and assessments, except such (a) as it a Borrower may in good faith contest or as to which a bona fide dispute may arise; provided provision is , and (b) for which Borrowers have made provision, to the satisfaction of the Required Banks Bank's satisfaction, for prompt eventual payment thereof in the event that it any Borrower is found that the same is its obligationobligated to make such payment.

Appears in 1 contract

Samples: Credit Agreement (Gen Probe Inc)

TAXES AND OTHER LIABILITIES. Borrower shall pay and discharge when due any and all indebtedness, obligations, assessmentsassessments and taxes, taxes both real and personal, owed by or relating to Borrower and Borrower’s properties (including federal and state income taxes), except such as it Borrower may in good faith contest or as to which a bona fide dispute may arise; , provided provision is made to the satisfaction of the Required Banks for prompt eventual payment thereof in the event that it is found that the same is its obligationan obligation of Borrower.

Appears in 1 contract

Samples: Unsecured Loan Agreement (Robertson Global Health Solutions Corp)

TAXES AND OTHER LIABILITIES. The Borrower and its Subsidiaries shall pay and discharge when due any and all material indebtedness, obligations, assessmentsliabilities, taxes assessments and real and personalpersonal property taxes, including including, but not limited to, federal and state income and personal and real property taxes, except such as it may in be subject to good faith contest or as to which a bona fide dispute may arise; provided provided, however, that adequate reserves in accordance with GAAP or other provision is made to the satisfaction of the Required Majority Banks for prompt payment thereof in the event that it is found that any of the same is its obligationabove are due and owing.

Appears in 1 contract

Samples: Credit Agreement (New American Healthcare Corp)

TAXES AND OTHER LIABILITIES. The Borrower and its Subsidiaries shall pay and discharge when due any and all material indebtedness, obligations, assessmentsliabilities, taxes assessments and real and personalpersonal property taxes, including including, but not limited to, federal and state income and personal and real property taxes, except such as it may in be subject to good faith contest or as to which a bona fide dispute may arise; provided provided, however, that adequate reserves in accordance with GAAP or other provision is made to the satisfaction of the Required Banks for prompt payment thereof in the event that it is found that the same is its obligation.of

Appears in 1 contract

Samples: Credit Agreement (New American Healthcare Corp)

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