Contested Taxes definition

Contested Taxes is defined in Section 6.7.

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Contested Taxes means a Tax payable by an Obligor:

Contested Taxes means any Impositions which Borrower is contesting in accordance with the provisions of the Loan Documents.

Examples of Contested Taxes in a sentence

• Buyer shall have the right to participate in the conduct of any Tax contest relating to the Contested Taxes at its own expense, including through its own counsel and other professional experts and shall be entitled to control such Tax contest in the event that Seller fails to do so.

• Pay, and require each of its Subsidiaries to pay, all federal, state, local and foreign Taxes owed by Borrower and each of its Subsidiaries before the same shall become delinquent, except (i) for deferred payment of any Contested Taxes or (ii) to the extent the failure to pay such Taxes would not reasonably be expected to have a Material Adverse Effect.

• Pay, and require each of its Subsidiaries to pay, all federal, state, local and foreign Taxes owed by Borrower and each of its Subsidiaries before the same shall become delinquent, except (i) for deferred payment of any Contested Taxes or (ii) to the extent the failure to pay such Taxes could not reasonably be expected to have a Material Adverse Effect.

• All of ▇▇▇▇▇▇▇▇’s, each other Loan Party’s and Parent Guarantor’s federal tax returns and all other material tax returns required to be filed have been filed by the date of this Agreement, and all material Taxes (other than Contested Taxes) resulting therefrom have been paid in full when due.

• Schedule 3.16(a) identifies all Contested Taxes and the status of any proceeding with respect thereto.

More Definitions of Contested Taxes

Contested Taxes means any tax, assessment, charge or claim whose amount, applicability or validity is diligently being contested in good faith by appropriate proceedings; provided, however, if the failure to pay such Contested Taxes results in a Lien on the Real Estate Collateral, (a) Borrowers shall obtain title insurance endorsements and bonds or other security in a manner acceptable to Collateral Agent in its reasonable but sole discretion, and (b) Borrowers must demonstrate to Collateral Agent’s reasonable satisfaction that the proceedings will conclusively operate to prevent the sale of any Real Estate Collateral in order to satisfy the Lien prior to the final determination of such proceedings.

Contested Taxes is defined in Section 5.10(g).

Contested Taxes means a Tax assessed as payable by a person where the person:

Contested Taxes is defined in Section 7.01(a)(i)(B).

Contested Taxes means a Tax payable by an Obligor where that Obligor: (a) is contesting in good faith its liability to pay that Tax;

Contested Taxes has the meaning set forth in Section 9.01(b).

Contested Taxes is defined in Section ARTICLE 7(i)(B).