Common use of Discharge of Indebtedness Clause in Contracts

Discharge of Indebtedness. Borrower and each of its Guarantors shall promptly pay and discharge any and all Indebtedness and lawful claims which, if unpaid, might become a lien or charge upon the Collateral, except such as may in good faith be contested or disputed or for which arrangements for deferred payment have been made, provided appropriate reserves are maintained, to the satisfaction of Lender, for the eventual payment thereof.

Discharge of Indebtedness. The Borrower and each Subsidiary of its Guarantors the Borrower shall promptly pay and discharge any and all Indebtedness and lawful claims which, if unpaid, might become a lien Lien or charge upon the Collateral, except such as may in good faith be contested or disputed in good faith or for which arrangements for deferred payment have been made, provided appropriate reserves are maintained, to the satisfaction of the Lender, for the eventual payment thereof.

Discharge of Indebtedness. Borrower and each of its Guarantors shall promptly pay and discharge any and all Indebtedness and lawful claims which, if unpaid, might become a lien or charge Lien upon the CollateralCollateral or other property of Borrower, except such as may in good faith be contested or disputed or for which arrangements for deferred payment have been made, provided appropriate reserves are maintained, to the satisfaction of Lender, for the eventual payment thereof.