Covenant to Pay Permitted Liens. Company shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any Collateral.
Appears in 15 contracts
Samples: Credit and Security Agreement (Spectranetics Corp), Credit and Security Agreement (Emcore Corp), Credit and Security Agreement
Covenant to Pay Permitted Liens. Company shall pay when due due, subject to applicable cure periods, each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any Collateral.
Appears in 2 contracts
Samples: Credit and Security Agreement (Capstone Turbine Corp), Credit and Security Agreement (Capstone Turbine Corp)
Covenant to Pay Permitted Liens. Company Companies shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any Collateral.
Appears in 2 contracts
Samples: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)
Covenant to Pay Permitted Liens. Each Company shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any Collateral.
Appears in 1 contract
Samples: Credit and Security Agreement (Adams Resources & Energy, Inc.)
Covenant to Pay Permitted Liens. Company shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any CollateralCollateral unless contested by Company in good faith.
Appears in 1 contract
Samples: Credit and Security Agreement (Merrimac Industries Inc)
Covenant to Pay Permitted Liens. Company shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any CollateralCollateral except those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside.
Appears in 1 contract
Samples: Credit and Security Agreement (Pinnacle Data Systems Inc)
Covenant to Pay Permitted Liens. Company shall pay when due each account payable due to any Person holding a Permitted Lien (as a result of such payable) on any Collateral, except as expressly provided in Section 5.3(a).
Appears in 1 contract
Samples: Credit and Security Agreement (Physicians Formula Holdings, Inc.)
