TAXES AND OTHER LIABILITIES. Pay and discharge, and cause each Subsidiary to pay and discharge, when due any and all indebtedness, obligations, assessments and taxes, both real or personal, including without limitation Federal and state income taxes and state and local property taxes and assessments, except such as Borrower may in good faith contest or as to which a bona fide dispute may arise, and for which Borrowers have made provision for adequate reserves in accordance with GAAP, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/)
TAXES AND OTHER LIABILITIES. Pay and discharge, and cause each Subsidiary to pay and discharge, when due any and all indebtedness, obligationsits tax liabilities, assessments and taxes, both real or personal, including without limitation Federal and state income taxes and state and local property taxes and assessmentsgovernmental charges, except such as Borrower may in good faith contest or as to which a bona fide dispute may arise, and for which Borrowers have Borrower has made provision for adequate reserves in accordance with GAAP, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co)
TAXES AND OTHER LIABILITIES. Pay and discharge, and cause each Subsidiary to pay and discharge, when due any and all indebtedness, obligationsits tax liabilities, assessments and taxes, both real or personal, including without limitation Federal and state income taxes and state and local property taxes and assessmentsgovernmental charges, except such as Borrower or, as applicable, a Subsidiary, may in good faith contest or as to which a bona fide dispute may arise, and for which Borrowers have Borrower has made provision for adequate reserves in accordance with GAAPGAAP in all of the foregoing cases, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Columbia Sportswear Co), Credit Agreement (Columbia Sportswear Co)
TAXES AND OTHER LIABILITIES. Pay and discharge, and cause each Subsidiary to pay and discharge, when due before delinquent any and all indebtedness, obligations, assessments and taxes, both real or personal, including without limitation Federal and state income taxes and state and local property taxes and assessments, except such as Borrower may in good faith contest or as to which a bona fide dispute may arise, and for which Borrowers have Borrower has made provision for adequate reserves in accordance with GAAP, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, and cause each Subsidiary to pay and discharge, when due any and all indebtedness, obligations, assessments and taxes, both real or personal, including without limitation Federal and state income taxes and state and local property taxes and assessments, except such as Borrower may in good faith contest or as to which a bona fide dispute may arise, and for which Borrowers have made provision for adequate reserves in accordance with GAAP, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Credit Agreement (Penford Corp)