Common use of Tax Liabilities Clause in Contracts

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each The Borrower shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such the Borrower or any of its properties, Equipment properties or Inventory, equipment before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same except for such items which are being contested in good faith by appropriate proceedings and have been reserved for which adequate reserves in accordance with GAAP are being maintainedGAAP.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its assets, properties, Equipment equipment or Inventoryinventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower shall, and each Borrower shall cause any of its Subsidiaries to, at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower The Borrowers shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower the Borrowers or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other material taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each The Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such the Borrower or any of its properties, Equipment equipment or Inventoryinventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower The Borrowers shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower the Borrowers or any of its their properties, Equipment equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintainedinsured against or bonded over to the satisfaction of the Bank.

Tax Liabilities. (a) Each The Borrower shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such the Borrower or any of its properties, Equipment or Inventory, properties before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintainedinsured against or bonded over to the satisfaction of the Bank.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP IFRS are being maintained.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower it or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each The Borrower shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such the Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintainedinsured against or bonded over to the satisfaction of the Agent.

Tax Liabilities. (a) Each Borrower The Borrowers shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower the Borrowers or any of its their properties, Equipment equipment or Inventoryinventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintainedproceedings.

Tax Liabilities. (a) Each Borrower shall at all times pay and discharge all property, income and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower or any of its properties, Equipment or Inventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings Proceedings and for which adequate reserves in accordance with GAAP are being maintained.

Tax Liabilities. (a) Each Borrower The Borrowers shall at all times pay and discharge all property, income property and other taxes, assessments and governmental charges upon, and all claims (including claims for labor, materials and supplies) against such Borrower the Borrowers or any of its their properties, Equipment equipment or Inventoryinventory, before the same shall become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP are being maintainedinsured against or bonded over to the satisfaction of the Bank.