Common use of Taxes and Other Liens Clause in Contracts

Taxes and Other Liens. The Borrowers will pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowers, or upon the income or any assets or property of Borrowers, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither Borrower shall be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers Each Borrower will pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowerseach Borrower, or upon the income or any assets or property of Borrowersany Borrower, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers any Borrower and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither such Borrower shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers such Borrower shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers will pay and discharge --------------------- promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowers, Borrowers or upon the income or any assets or property of Borrowers, Borrowers as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of any Borrowers and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither no Borrower shall be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers such Borrower shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers will pay Pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowersany Borrower, or upon the Collateral, income or any assets or other property of BorrowersBorrower, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers Borrower and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither Borrower shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested Contested in good faith by appropriate proceedings diligently conductedGood Faith, levy and execution thereon have been stayed and continue to be stayed and if Borrowers Borrower shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers Borrower will pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the BorrowersBorrower, or upon the income or any assets or property of BorrowersBorrower, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers Borrower and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither Borrower shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested Contested in good faith Good Faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers Borrower shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers Borrower will pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowers, Borrower or upon the income or any assets or property of Borrowers, the Borrower as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or (other encumbrance than a Permitted Lien) upon any or all of the assets or property of Borrowers Borrower and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither Borrower shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed stayed, and if Borrowers Borrower shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers will pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowers, or upon the income or any assets or property of Borrowers, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither no Borrower shall be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers shall have set up adequate reserves therefor, if required, under GAAP.

Taxes and Other Liens. The Borrowers Each Borrower will pay and discharge --------------------- promptly all taxes, assessments and governmental charges or levies imposed upon the Borrowerseach Borrower, or upon the income or any assets or property of Borrowersany Borrower, as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien or other encumbrance upon any or all of the assets or property of Borrowers any Borrower and which could reasonably be expected to result in a Material Adverse Effect; provided, however, that neither such Borrower shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted, levy and execution thereon have been stayed and continue to be stayed and if Borrowers such Borrower shall have set up adequate reserves therefor, if required, under GAAP.