Taxes, Compliance with Laws. The undersigned will make due and timely payment or deposit of all taxes, assessments, or contributions required by law which may be lawfully levied or assessed with respect to any of the Collateral and will execute and deliver to the Bank, on demand, appropriate certificates attesting to the timely payment or deposit of all such taxes, assessments or contributions. The undersigned will use the Collateral for lawful purposes only, and with all reasonable care and caution, and in conformity with all applicable laws, ordinances and regulations. At its own cost and expense the undersigned will keep the Collateral in proper order, repair, and condition.
Taxes, Compliance with Laws. The Issuer will promptly pay and discharge all material taxes, assessments and governmental charges or levies imposed upon the Issuer or upon or in respect of all or any part of the property of the Issuer; provided the Issuer shall not be required to pay any such tax, assessment, charge, levy, account payable or claim if the validity, applicability or amount thereof is being contested in good faith by appropriate actions or proceedings which will prevent the forfeiture or sale of any material property of the Issuer or any material interference with the use thereof by the Issuer. The Issuer will promptly comply with all laws, ordinances or governmental rules and regulations to which it is subject, the violation of which could materially and adversely affect its properties, prospects or condition.
Taxes, Compliance with Laws. The Contractor shall promptly pay when due all taxes and assessments against the premises or the equipment used in connection with the Contractor's business, and all liens or encumbrances of every kind or character created or placed upon or against any of said property, and all accounts and other indebtedness of every kind incurred by the Contractor in the conduct of said business, the failure to pay which would have a materially adverse effect on the ability of the Contractor to perform its obligations hereunder. The Contractor shall have the right to contest the validity or amount of any assessment, tax, lien or encumbrance, provided that the Contractor shall: (1) give the Licensor notice of its intention to contest; (2) diligently prosecute such contest; and (3) at all times effectively stay or prevent any official or judicial sale of such property or any thereof by reason of the non-payment of any lien, encumbrance, tax, or assessment. The Contractor shall comply with all applicable federal, state, county and municipal laws and regulations, now in effect or hereinafter enacted, including, without limitation, all environmental laws and all occupational safety and health laws, the failure to comply with which would have a materially adverse effect on the ability of the Contractor to perform its obligations hereunder, and shall timely obtain any and all permits, certificates, or licenses necessary for the full and proper conduct of its business. 4.07
Taxes, Compliance with Laws. (a) The Company will, and will cause its Subsidiaries to, promptly pay and discharge all lawful taxes, assessments and governmental charges or levies imposed upon it or upon or in respect of all or any part of its property or business; provided the Company and its Subsidiaries shall not be required to pay any such tax, assessment, charge, levy or claim if (i) the validity, applicability or amount thereof is being contested in good faith by appropriate actions or proceedings and either (aa) such proceedings will prevent the forfeiture or sale of any property of the Company and its Subsidiaries or any material interference with the use thereof by the Company and its Subsidiaries or any material interference with the conduct of the business of the Company and its Subsidiaries or (ab) no such forfeiture, sale or interference has occurred or is reasonably likely to occur and (ii) the Company or the Subsidiary shall have set aside on its books reserves deemed by the Company in its reasonable business judgment to be adequate with respect thereto or such greater amount as may be required by AAP.
Taxes, Compliance with Laws. The Debtor will make due and timely payment or deposit of all taxes, assessments, or contributions required by law which may be lawfully levied or assessed with respect to any of the Collateral (except as the Debtor may in good faith contest such taxes, assessments or contributions) and will execute and deliver to the Collateral Agent, on demand, appropriate certificates attesting to the timely payment or deposit of all such taxes, assessments or contributions. The Debtor will use the Collateral for lawful purposes only, and with all reasonable care and caution, and in conformity with all applicable laws, ordinances and regulations. At its own cost and expense, the Debtor will keep the Collateral in proper order, repair, and condition.
Taxes, Compliance with Laws. The Company, if necessary or desirable, may pay or withhold the amount of any tax attributable to any shares deliverable under this Agreement, and the Company may defer making delivery until it is indemnified to its satisfaction for that tax.
Taxes, Compliance with Laws. The Contractor shall promptly pay when due all taxes and assessments against the premises or the equipment used in connection with the Contractor's business, and all liens or encumbrances of every kind or character created or placed upon or against any of said property, and all accounts and other indebtedness of every kind incurred by the Contractor in
Taxes, Compliance with Laws. (a) The Companies will, and the Guarantor will cause the Primary Subsidiaries to, promptly pay and discharge all lawful taxes, assessments and governmental charges or levies imposed upon it or upon or in respect of all or any part of its property or business; provided the Companies and the Primary Subsidiaries shall not be required to pay any such tax, assessment, charge, levy or claim if (i) the validity, applicability or amount thereof is being contested in good faith by appropriate actions or proceedings and either (aa) such proceedings will prevent the forfeiture or sale of any property of the Companies and the Primary Subsidiaries or any material interference with the use thereof by the Companies and the Primary Subsidiaries or any material interference with the conduct of the business of the Companies and the Primary Subsidiaries or (ab) no such forfeiture, sale or interference has occurred or is reasonably likely to occur and (ii) the applicable Company or the applicable Primary Subsidiary shall have set aside on its books reserves deemed by the applicable Company or applicable Primary Subsidiary in its reasonable business judgment to be adequate with respect thereto or such greater amount as may be required by AAP.
Taxes, Compliance with Laws. The Corporation shall promptly pay when due all taxes and assessments against the premises or the equipment used in connection with its business, and all liens or encumbrances of every kind or character created or placed upon or against any of said property, and all accounts and other indebtedness of every kind incurred by the Corporation in the conduct of said business. The Corporation shall comply with all applicable federal, state, county and municipal laws and regulations, now in effect or hereafter enacted, including, without limitation, all environmental laws and all occupational safety and health laws and shall timely obtain any and all permits, certificates, or licenses necessary for the full and proper conduct of its business.
Taxes, Compliance with Laws. Buyer will pay when due any sales, use, excise, gross receipts, or other federal, state, or local taxes or other assessments (other than any tax based solely on the net income of Cardinal) and related interest and penalties in connection with or arising out of the transactions contemplated by this Agreement. If Cardinal pays any such amounts which Buyer is obligated to pay under this section, then Buyer will promptly reimburse Cardinal in an amount equal to the amount so paid by Cardinal. If and to the extent any discounts, credits, rebates or other purchase incentives are paid or applied by Cardinal with respect to the Merchandise purchased under this Agreement, then applicable provisions of the Medicare/Medicaid and state health care fraud and abuse/anti-kickback laws (collectively, “fraud and abuse laws”) may require disclosure of the applicable price reduction on Buyer’s claim or cost reports for reimbursement from governmental or other third parties. Buyer and Cardinal agree to comply with all applicable provisions of the fraud and abuse laws and to indemnify and hold each other harmless for any failure to do so.
