Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower or any of their Subsidiaries, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse Effect.
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Samples: Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc)
Compliance with Laws; Payment of Taxes. The Borrower will, -------------------------------------- and will cause each of its Subsidiaries and each member of the Controlled Group to, comply in all material respects with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effectproceedings. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due pay, prior to the accrual of any penalty in respect thereof, all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien Lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if reasonably requested by the Administrative Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.
Appears in 3 contracts
Samples: Credit Agreement (Global Payments Inc), Credit Agreement (National Data Corp), Credit Agreement (National Data Corp)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Material Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or diligently pursued and except where the failure to so comply would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default. The Borrower will, and will cause each of its Material Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up reserves in accordance with GAAP or (ii) and except where the failure to so to pay would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default.
Appears in 2 contracts
Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Gerber Scientific Inc)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or and except where the failure to so comply would not have and is not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.
Appears in 2 contracts
Samples: Credit Agreement (Trion Inc), Credit Agreement (Trion Inc)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply diligently pursued and except for any noncompliance that does not have and would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay and except for any noncompliance that does not have and would not reasonably be expected to have or cause a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Culp Inc), Credit Agreement (Culp Inc)
Compliance with Laws; Payment of Taxes. The Borrower Guarantor will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower Guarantor will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower Guarantor or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the AgentAgent Bank, the Borrower Guarantor will set up reserves in accordance with GAAP or (ii) where the failure to so to pay would not reasonably be expected to have or cause a Material Adverse Effect.
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Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or diligently pursued and except where the failure to so comply would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up reserves in accordance with GAAP or (ii) and except where the failure to so to pay would does not have and could not reasonably be expected to have or cause a Material Adverse EffectEffect or an Event of Default.
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Compliance with Laws; Payment of Taxes. The Borrower -------------------------------------- and the Guarantors will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or diligently pursued, and except where the failure to so comply would not have or be reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and the Guarantors will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property Property of the Borrower or any of their SubsidiariesGuarantor, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will set up is maintaining accruals and reserves which the Borrower believes are reasonable in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.
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Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except (a) where the necessity of such compliance is being contested in good faith through appropriate proceedings diligently pursued or (b) where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (ix) liabilities being contested in good faith by appropriate proceedings diligently pursued and against which, if requested by the Administrative Agent, the Borrower will shall have set up reserves in accordance with GAAP GAAP, or (iiy) where the failure so to pay nonpayment would not reasonably be expected to have or cause a Material Adverse Effect.
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Samples: Credit Agreement (Scana Corp)
Compliance with Laws; Payment of Taxes. The Borrower Guarantor will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effect. The Borrower Guarantor will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would become a lien against the property of the Borrower Guarantor or any of their Subsidiaries, except (i) liabilities being contested in good faith and against which, if requested by the Administrative Agent, the Borrower Guarantor will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse Effect.
Appears in 1 contract
Samples: Guarantee and Reimbursement Agreement (HSI IP, Inc.)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings diligently pursued or where noncompliance could not, alone or in the failure to so comply would not aggregate, reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property Property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, which the Borrower will has set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.
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Samples: Loan and Security Agreement (Atlantic Coast Airlines Holdings Inc)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except such noncompliance as could not reasonably be expected to have or cause a Material Adverse Effect or where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effectdiligently pursued. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith by appropriate proceedings diligently pursued and against which, if requested by the Agent, which the Borrower will shall have set up reserves in accordance with as required by GAAP or (ii) where liabilities the failure so to pay would nonpayment of which could not reasonably be expected to have or cause a Material Adverse Effect.
Appears in 1 contract
Samples: Credit Agreement (Kemet Corporation)
Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and and, in the case of ERISA, each member of the Controlled Group to, comply in all material respects with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance is being contested in good faith through appropriate proceedings or where the failure to so comply would not reasonably be expected to have or cause a Material Adverse Effectdiligently pursued. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith by appropriate proceedings diligently pursued and against which, if requested by the Agent, the Borrower will shall have set up reserves in accordance with GAAP or and (ii) where liabilities the failure so to pay would not reasonably be expected to nonpayment of which could have or cause a Material Adverse Effect.
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Compliance with Laws; Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries and each member of the Controlled Group to, comply in all material respects with applicable laws (including but not limited to ERISA), regulations and similar requirements of governmental authorities (including but not limited to PBGC), except where the necessity of such compliance either is being contested in good faith through appropriate proceedings or where the failure to so comply would could not reasonably be expected to have or cause a Material Adverse Effect. The Borrower will, and will cause each of its Subsidiaries to, pay promptly when due all taxes, assessments, governmental charges, claims for labor, supplies, rent and other obligations which, if unpaid, would might become a lien against the property of the Borrower or any of their SubsidiariesSubsidiary, except (i) liabilities being contested in good faith and against which, if requested by the Agent, the Borrower will set up reserves in accordance with GAAP or (ii) where the failure so to pay would not reasonably be expected to have or cause a Material Adverse EffectGAAP.
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