Common use of Taxes; Governmental Charges Clause in Contracts

Taxes; Governmental Charges. The Borrower and its Subsidiaries have filed all tax returns and reports required to be filed and have paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Property or income that are due and payable, including interest and penalties.

Appears in 2 contracts

Samples: Convertible Loan Agreement (Tosi Lp), Convertible Loan Agreement (Flotek Industries Inc/Cn/)

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Taxes; Governmental Charges. The Borrower and its Subsidiaries have each Subsidiary has filed all tax returns and reports required to be filed and have has paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Property or income that are due and payable, including interest and penaltiesit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Unique Logistics International, Inc.), Loan Agreement (Bollinger Industries Inc)

Taxes; Governmental Charges. The Borrower Each Borrower, Subsidiary and its Subsidiaries have Guarantor has filed all tax returns and reports required to be filed and have has paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Property or income that are due and payable, including interest and penaltiesit.

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

Taxes; Governmental Charges. The Each Borrower and its Subsidiaries each Subsidiary have filed all tax returns and reports required to be filed and have has paid all taxes, assessments, fees and other governmental charges levied upon any of them it, except for those a taxes, assessments, charges, levies or upon any of claims that Borrowers are currently contesting in good faith by appropriate proceedings diligently conducted and for which the Borrowers or their respective Property or income that are due and payable, including interest and penaltiesSubsidiaries shall have set up reserves therefor adequate under generally accepted accounting principles.

Appears in 1 contract

Samples: Loan Agreement (Ultrak Inc)

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Taxes; Governmental Charges. The Each Borrower and its Subsidiaries each Subsidiary have filed all tax returns and reports required to be filed and have has paid all taxes, assessments, fees and other governmental charges levied upon any of them or upon any of their respective Property or income that are due and payable, including interest and penaltiesit.

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

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