Common use of Discharge of Liens and Taxes Clause in Contracts

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 8 contracts

Samples: Loan Agreement, Loan Agreement (LGL Group Inc), Loan Agreement (Coda Octopus Group, Inc.)

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Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims (to the extent due and owing) that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 3 contracts

Samples: Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC)

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that which may become a lien on any of its property or assets, except excepting to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 3 contracts

Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)

Discharge of Liens and Taxes. Borrower has Borrowers have duly and timely filed, paid and/or discharged all taxes Taxes or other claims that may become a lien Lien on any of its property their respective properties or assets, except to the extent that (a) such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintainedmaintained or (b) the aggregate amount of any such unpaid Taxes or other claims do not exceed $100,000 at any time outstanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Woodbridge Liquidation Trust), Loan and Security Agreement (Woodbridge Liquidation Trust)

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 2 contracts

Samples: Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that which may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 2 contracts

Samples: Loan Agreement (Cybex International Inc), Loan Agreement (Farmstead Telephone Group Inc)

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims that may be, constitute or become a lien on any of its property the Property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 1 contract

Samples: Loan Agreement (Energy Fuels Inc)

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Discharge of Liens and Taxes. Borrower has duly Borrower, and its subsidiaries, have filed, paid paid, and/or discharged prior to delinquency all taxes or other claims that claims, of which Borrower has received notice, which may become a lien on any of its property properties or assets, except excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve for the payment thereof is being maintained.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

Discharge of Liens and Taxes. Borrower has and Guarantor have duly filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 1 contract

Samples: Loan Agreement (ARC Group, Inc.)

Discharge of Liens and Taxes. Borrower has and Guarantor have duly filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained, and except for taxes for 2015, which are not yet due and payable.

Appears in 1 contract

Samples: Loan Agreement (Optibase LTD)

Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all taxes or other claims claims, to the extent due and payable, that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained.

Appears in 1 contract

Samples: Loan Agreement (Lannett Co Inc)

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