Borrower will. Preserve and keep in force all licenses, permits, and franchises necessary for the proper conduct of its business and duly pay and discharge all taxes, assessments, and governmental charges upon Borrower or against Borrower's property before the date on which penalties attach thereto, unless and to the extent only that the same shall be contested in good faith and by appropriate proceedings.
Appears in 6 contracts
Samples: Loan Agreement (Sun Hydraulics Corp), Loan Agreement (Sun Hydraulics Corp), Loan Agreement (Sun Hydraulics Corp)
Borrower will. Preserve Reserve and keep in force all licenses, permits, and franchises necessary for the proper conduct of its business and duly pay and discharge all taxes, assessments, and governmental charges upon Borrower or against Borrower's property before the date on which penalties attach attached thereto, unless and to the extent only that the same shall be contested in good faith and by appropriate proceedings.
Appears in 1 contract
