Common use of Compliance with Laws and Payment of Assessments and Charges Clause in Contracts

Compliance with Laws and Payment of Assessments and Charges. Materially comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been provided.

Appears in 3 contracts

Samples: Credit Agreement (Ultra Petroleum Corp), Revolving Credit Agreement (Energy Partners LTD), Revolving Credit Agreement (Energy Partners LTD)

AutoNDA by SimpleDocs

Compliance with Laws and Payment of Assessments and Charges. Materially comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which accruals satisfactory to the Administrative AgentBank, in its reasonable discretion, have been provided.

Appears in 3 contracts

Samples: Credit Agreement (Cheniere Energy Inc), Credit Agreement (Tengasco Inc), Loan Agreement (Venus Exploration Inc)

Compliance with Laws and Payment of Assessments and Charges. Materially comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been provided.

Appears in 2 contracts

Samples: Reducing Revolving Credit Agreement (Energy Partners LTD), Reducing Revolving Credit Agreement (Energy Partners LTD)

Compliance with Laws and Payment of Assessments and Charges. Materially comply Comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent rent, and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which satisfactory accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been provided., unless

Appears in 1 contract

Samples: Revolving Credit Agreement (Eagle Geophysical Inc)

Compliance with Laws and Payment of Assessments and Charges. Materially comply comply, and cause any Guarantor to materially comply, with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been provided.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

AutoNDA by SimpleDocs

Compliance with Laws and Payment of Assessments and Charges. Materially comply Comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been provided.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Continental Resources Inc)

Compliance with Laws and Payment of Assessments and Charges. Materially comply Comply with all applicable statutes and government regulations, including, without limitation, ERISA, and pay all taxes, assessments, governmental charges, claims for labor, supplies, rent rent, and other obligations which, if unpaid, might become a lien other than a Permitted Encumbrance against its property, except any of the foregoing being contested in good faith and as to which satisfactory accruals satisfactory to the Administrative Agent, in its reasonable discretion, have been providedprovided and unless failure to comply or pay would not have a material adverse effect on the assets of Borrower or the value of any Borrowing Base Receivables.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eagle Geophysical Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!