Common use of Taxes and Other Payments Clause in Contracts

Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, or extensions have been obtained and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 4 contracts

Samples: Progress Precision Inc., Progress Precision Inc., Progress Precision Inc.

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Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 2 contracts

Samples: Progress Precision Inc., Progress Precision Inc.

Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 1 contract

Samples: Progress Precision Inc.

Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, filed or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 1 contract

Samples: Progress Precision Inc.

Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof there of on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 1 contract

Samples: Mortgage (Progress Precision Inc.)

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Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by Mortgagor have been filed, or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-non- payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 1 contract

Samples: Progress Precision Inc.

Taxes and Other Payments. All Federal and material foreign, state and local tax returns and other reports required by applicable law to be filed by it Mortgagor have been filed, or extensions have been obtained obtained, and all taxes and other Impositions imposed upon Mortgagor or the Mortgaged Property and which have become due and payable on or prior to the date hereof have been paid, except such taxes, assessments and governmental charges in an aggregate amount not exceeding $0 or to the extent contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves, if any, have been set aside for the payment thereof on Mortgagor's financial statements to the extent required by and in accordance with GAAP. Mortgagor has no actual knowledge of any basis for any additional assessment or charge in respect of any such taxes or other Impositions. Mortgagor has paid or will pay in the ordinary course of business in full all sums owing or claimed for labor, material, supplies, personal property (whether or not forming a Fixture hereunder) and services of every kind and character used, furnished or installed in or on the Mortgaged Property.

Appears in 1 contract

Samples: Progress Precision Inc.

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