Common use of Discharge of Liens and Taxes Clause in Contracts

Discharge of Liens and Taxes. The Borrower and its subsidiaries, if any, and each Guarantor have filed, paid and/or discharged all taxes or other claims which may become a lien on any of their respective properties or assets, excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve (in an amount acceptable to Bank) for the payment thereof is being maintained.

Appears in 1 contract

Samples: T Loan Agreement (International Absorbents Inc)

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Discharge of Liens and Taxes. The Borrower and its subsidiaries, if any, and each Guarantor have has duly filed, paid and/or discharged all taxes or other claims which are due and which may become a lien on any of their respective properties its property or assets, excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve (in an amount acceptable to Bank) for the payment thereof is being maintained.

Appears in 1 contract

Samples: Loan Agreement (Shells Seafood Restaurants Inc)

Discharge of Liens and Taxes. The Borrower and its subsidiaries, if anyhas, and where pertinent has caused each Guarantor have filedsubsidiary, paid to duly file, pay and/or discharged discharge all taxes or other claims which may become a lien on any of their respective properties its property or assets, excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve (in an amount acceptable to Bank) for the payment thereof is being maintained.

Appears in 1 contract

Samples: Revolving Loan Agreement (Proxymed Inc /Ft Lauderdale/)

Discharge of Liens and Taxes. The Borrower and its subsidiaries, if any, and each Guarantor have filed, paid paid, and/or discharged all taxes or other claims which may become a lien on any of their respective properties or assets, excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve (in an amount acceptable to Bank) for the payment thereof is being maintained. 2.07.

Appears in 1 contract

Samples: T Loan Agreement (Lynch Corp)

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Discharge of Liens and Taxes. The Borrower and its subsidiaries, if any, and each Guarantor have filed, paid paid, and/or discharged all taxes or other claims which may become a lien on any of their respective properties or assets, excepting to the extent that such items are being appropriately contested in good faith and for which an adequate reserve (in an amount acceptable to Bank) for the payment thereof is being maintained. 2.07.

Appears in 1 contract

Samples: Loan Agreement (Delta Natural Gas Co Inc)

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