Taxes; Governmental Charges. Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 3 contracts
Sources: Credit Agreement (Parallel Petroleum Corp /De/), Credit Agreement (Newpark Resources Inc), Credit Agreement (Range Resources Corp)
Taxes; Governmental Charges. Each Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 2 contracts
Sources: Credit Agreement (3tec Energy Corp), Credit Agreement (3tec Energy Corp)
Taxes; Governmental Charges. Each Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 2 contracts
Sources: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp)
Taxes; Governmental Charges. Each Borrower and each Guarantor has filed all tax --------------------------- returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it them or its their assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 2 contracts
Sources: Loan Agreement (Gothic Energy Corp), Loan Agreement (Gothic Energy Corp)
Taxes; Governmental Charges. Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it them or its their assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have presents a risk (other than a remote risk) of having a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Credit Agreement (Southwest Royalties Holdings Inc)
Taxes; Governmental Charges. Borrower and Guarantor have each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it them or its their assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Loan Agreement (Gothic Energy Corp)
Taxes; Governmental Charges. Borrower and each Guarantor has have filed all --------------------------- tax returns and reports required to be filed and has have paid all taxes, assessments, fees and other governmental charges levied upon it them or its their assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has have been provided and with respect to which levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Loan Agreement (Diagnostic Health Services Inc /De/)
Taxes; Governmental Charges. Each Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Taxes; Governmental Charges. Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested Contested in good faith Good Faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Taxes; Governmental Charges. Borrower and each Guarantor has have --------------------------- filed all tax returns and reports required to be filed and has have paid all taxes, assessments, fees and other governmental charges levied upon it them or its their assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has have been provided and with respect to which levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Loan Agreement (Diagnostic Health Services Inc /De/)
Taxes; Governmental Charges. Borrower and each Guarantor has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Loan Agreement (Maynard Oil Co)
Taxes; Governmental Charges. Borrower and each Guarantor Subsidiary has filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Taxes; Governmental Charges. Borrower and each Guarantor has have timely filed all tax returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Taxes; Governmental Charges. Each Borrower and each Guarantor has filed all tax --------------------------- returns and reports required to be filed and has paid all taxes, assessments, fees and other governmental charges levied upon it or its assets, properties or income which are due and payable, including interest and penalties, the failure of which to pay could reasonably be expected to have a Material Adverse Effect, except such as are being contested in good faith by appropriate proceedings and for which adequate reserves for the payment thereof as required by GAAP has been provided and levy and execution thereon have been stayed and continue to be stayed.
Appears in 1 contract
Sources: Credit Agreement (3tec Energy Corp)