Common use of Discharge Encumbrances Clause in Contracts

Discharge Encumbrances. The Collateral Agent may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral. Debtor agrees to reimburse the Collateral Agent upon demand for any payment so made, plus interest thereon from the date of the Collateral Agent's demand at the Highest Lawful Rate.

Discharge Encumbrances. The Collateral Agent may, at its option, discharge any taxes, liens, security interests or other encumbrances taxes and Lien at any time levied or placed on the Collateral. Debtor agrees The Obligors agree to reimburse the Collateral Agent upon demand for any payment so made, plus interest thereon from the date of the Collateral Agent's demand at the Highest Lawful Rate.

Discharge Encumbrances. The Collateral Agent may, at its option, discharge any taxes, liens, security interests or other encumbrances taxes and Lien at any time levied or placed on the CollateralCollateral other than any such taxes or Liens that the Company is contesting in good faith by appropriate proceedings; provided that adequate reserves with respect thereto are being maintained on the books of the Company in accordance with GAAP. Debtor The Company agrees to reimburse the Collateral Agent upon demand for any payment so made, plus interest thereon from the date of the Collateral Agent's demand at the Highest Lawful Rate.

Discharge Encumbrances. The Collateral Agent may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral. Debtor agrees to reimburse the Collateral Agent upon demand for any payment so made, plus interest thereon from the date of the Collateral Agent's demand at the Highest Lawful Rate.. Section 5.02