Taxes; Governmental Charges. Each of the Company and its Subsidiaries has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees, and other governmental charges levied upon any of them or upon any of their respective properties or income which are due and payable, including interest and penalties, or has provided adequate reserves for the payment thereof, except where the failure to so file, pay, or reserve would not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Willis Michael T), Stock and Warrant Purchase Agreement (Equalnet Holding Corp), Stock and Warrant Purchase Agreement (Crane James R)
Taxes; Governmental Charges. Each of the Company and its Subsidiaries Sellers has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees, and other governmental charges levied upon any of them or upon any of their respective properties or income which are due and payable, including interest and penalties, or has provided adequate reserves for the payment thereof, except where the failure to so file, pay, or reserve would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Note and Warrant Purchase Agreement (Equalnet Holding Corp), Note and Warrant Purchase Agreement (Harris James T)
