Common use of Taxes Are Paid Clause in Contracts

Taxes Are Paid. The Borrower has filed all tax returns which are required and has paid or made provision for the payment of all taxes which have or may become due pursuant to said returns or pursuant to any assessments levied against the Borrower or its personal or real property by any taxing agency, federal, state or local. No tax liability has been asserted by the Internal Revenue Service or other taxing agency, federal, state, or local for taxes materially in excess of those already provided for and the Borrower knows of no basis for any such deficiency assessment.

Appears in 9 contracts

Samples: Loan Agreement, Security Agreement, Loan Agreement

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Taxes Are Paid. The Borrower has filed all tax returns which are required and has paid or made provision for the payment of all taxes which have or may become due pursuant to said returns or pursuant to any assessments levied against the Borrower or its the Borrower's personal or real property by any taxing agency, federal, state or local. No tax liability has been asserted by the Internal Revenue Service or other taxing agency, federal, state, state or local for taxes materially in excess of those already provided for and the Borrower knows of no basis for any such deficiency assessment.

Appears in 1 contract

Samples: Loan Agreement (Aspenbio Inc)

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Taxes Are Paid. The Borrower has filed all tax returns which are required and has paid or made provision provisions for the payment of all taxes which have or may become due pursuant to said returns or pursuant to any assessments levied against the Borrower or its personal or real property by any taxing agency, federal, state state, or local. No tax liability has been asserted by the Internal Revenue Service or other taxing agency, federal, state, state or local for taxes materially in excess of those already provided for for, and the Borrower knows of no basis for any such deficiency assessment.

Appears in 1 contract

Samples: CDC/SBC Loan Agreement (Adcare Health Systems Inc)

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