Compliance with Laws; Payment of Obligations. The Borrower shall comply and shall cause each of its Subsidiaries to comply with all laws, rules, regulations and orders of any Governmental Authority and pay all Taxes, assessments, governmental charges, claims for labor, supplies, rent and any other obligation, except to the extent the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; provided that such payment shall not be required with respect to any Tax so long as the validity and amount shall be contested in good faith by appropriate proceedings and the Borrower has set aside on its books adequate reserves.
Compliance with Laws; Payment of Obligations. (a) Each Loan Party and each Subsidiary of any Loan Party will comply in all material respects with all material permits, licenses, authorizations, approvals, entitlements, accreditations and privileges of each Governmental Authority and all applicable Laws.
Compliance with Laws; Payment of Obligations. (a) The Loan Parties will, and will cause each of their Subsidiaries to, comply with all applicable permits, licenses, authorizations, approvals, entitlements and accreditations of each Governmental Authority and all applicable Laws, except (i) where the failure to comply, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect or (ii) such Law is being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves in accordance with GAAP shall have been set aside on its books.
Compliance with Laws; Payment of Obligations. (a) Holdings and each Borrower will, and will cause each of their Subsidiaries to, comply with all permits, licenses, authorizations, approvals, entitlements, accreditations and privileges of each Governmental Authority and all applicable Laws (including any and all zoning, building, ordinance, code or approval or any building permits or any restrictions of record or agreements affecting each property owned, leased, subleased or otherwise occupied by Holdings or any of its Subsidiaries), except where the failure to comply, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
Compliance with Laws; Payment of Obligations. The Borrower will comply in all material respects with all governmental rules and regulations and all other material applicable laws, rules, regulations and orders, such compliance to include (without limitation):
Compliance with Laws; Payment of Obligations. (a) The Borrower will, and will cause each of its Subsidiaries to, comply with all permits, licenses, authorizations, approvals, entitlements, accreditations and privileges of each Governmental Authority and all applicable Laws, except where the failure to comply, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
Compliance with Laws; Payment of Obligations. The Borrower shall comply with all valid and applicable statutes, rules and regulations, and shall pay all taxes, assessments, governmental charges, claims for labor, supplies and rent, and other obligations which, if unpaid, might become a lien against the Project (except liabilities being contested in good faith and against which, if requested by the Credit Institution, the Borrower shall set up reserves satisfactory to the Credit Institution).
Compliance with Laws; Payment of Obligations. The HoldCo Borrower shall comply with all laws, rules, regulations and orders of any Governmental Authority and pay all Taxes, assessments, governmental charges, claims for labor, supplies, rent and any other obligation, except to the extent the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; provided that such payment shall not be required with respect to any Tax so long as the validity and amount shall be contested in good faith by appropriate proceedings and the HoldCo Borrower has set aside on its books adequate reserves.
Compliance with Laws; Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries to, comply in all material respects with all governmental rules and regulations and all other material applicable laws, rules, regulations and orders, such compliance to include: (a) the maintenance and preservation of its corporate existence and qualification as a foreign corporation in any jurisdiction where the Borrower or its Subsidiaries have assets or conduct business, except where failure to maintain and preserve such existence or qualification would not reasonably be expected to have a Material Adverse Effect; and (b) the payment, before the same become delinquent, of (i) all its Indebtedness having a principal amount of $5,000,000 or more, including all taxes, assessments and governmental charges imposed upon it or upon its property, and (ii) all lawful claims for labor, materials and supplies or otherwise that, if unpaid, could reasonably be expected to give rise to a material Lien upon any Collateral or Negative Pledge Property, except, in each case, to the extent being diligently contested in good faith by appropriate proceedings which suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien and for which adequate reserves in accordance with GAAP shall have been set aside on its books. SECTION 7.1.3
Compliance with Laws; Payment of Obligations. (a) Comply, and cause each Subsidiary to comply, in all material respects with all material applicable laws (including ERISA and Environmental Laws), rules, regulations, decrees, orders, judgments, licenses and permits, except in such instances in which (i) such requirement of law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (ii) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect; and (b) pay and discharge, and cause each Subsidiary to pay and discharge, as the same shall become due and payable, all its obligations and liabilities, including (i) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Company or such Subsidiary; (ii) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (iii) all Debt, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Debt. Without limiting the generality of the foregoing or any of the other provision of this Agreement, (i) the conviction of (or a plea of guilty (or such other plea with the equivalent legal effect as a plea of guilty) by) the Company or any Subsidiary of any felony under any state or Federal law (including with respect to any Pending Matter), with respect to which all direct appeals as a matter of right have been exhausted and/or (ii) the entry by a court of competent jurisdiction or any administrative agency under state or Federal law of any injunction or other form of equitable relief against the Company or any Subsidiary enjoining all or a material portion of its ongoing business operations shall constitute a violation of this Section 10.4.
