Common use of Taxes; Governmental Charges Clause in Contracts

Taxes; Governmental Charges. Each Loan Party has timely filed or caused to be timely filed all material federal, state, province and foreign income tax returns which are required to be filed, and has paid or cause to be paid all taxes as shown on such returns or on any assessments received by it to the extent that such taxes have become due, except for such taxes and assessments as are being contested in good faith in appropriate proceedings and reserved for in accordance with IFRS.

Appears in 6 contracts

Samples: Senior Secured Note Purchase Agreement (TILT Holdings Inc.), Junior Secured Note Purchase Agreement (TILT Holdings Inc.), Junior Secured Note Purchase Agreement (TILT Holdings Inc.)

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Taxes; Governmental Charges. Each Loan Party has timely filed or caused to be timely filed all material federal, state, province and foreign income tax returns which are required to be filed, and has paid or cause caused to be paid all taxes as shown on such returns or on any assessments assessment received by it to the extent that such taxes have become due, except for such taxes and assessments as are being contested in good faith in appropriate proceedings and reserved for in accordance with IFRSGAAP.

Appears in 4 contracts

Samples: Security Agreement (WHX Corp), Loan and Security Agreement (WHX Corp), Security Agreement (Steel Partners Ii Lp)

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