Common use of Government Lien Clause in Contracts

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 5 contracts

Samples: Loan and Security Agreement (Eip Microwave Inc), Loan and Security Agreement (International Food & Beverage Inc /De/), Loan and Security Agreement (Eip Microwave Inc)

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Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's or a Guarantor's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, upon any of Borrower's or a Guarantor's assets and the same is not paid on the payment date thereof;

Appears in 4 contracts

Samples: Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (Windswept Environmental Group Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's or a Guarantor's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx choate or otherwise, upon any of BorrowerXxxxxwer's or a Guarantor's assets and the same is not paid on the payment date thereof;

Appears in 2 contracts

Samples: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or choaxx xx otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Star Scientific Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;governmental

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of a Borrower's assets by the United States government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or choaxx xx otherwise, upon any of such Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Secured Revolving Credit and Letter of Credit Facility (Digital Recorders Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's or a Guarantor's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx choate or otherwise, upon any of BorrowerBorrxxxx'x or a Guarantor's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (K Tronik International Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, securing an amount of $10,000 or more upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Princeton Video Image Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx choate or otherwise, securxxx xx amount of $10,000 or more upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Cablevision Systems Corp /Ny)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx cxxxxx or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan Agreement (Versadial, Inc.)

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Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's or a Guarantor's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or choaxx xx otherwise, upon any of Borrower's or a Guarantor's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Icx Electronics Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's Client’s or a Guarantor’s assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Inventory Advance Agreement (Escalon Medical Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes tax or debts debt owing at any time hereafter to any one or more of such entities anyone becomes a lien, whether xxxxxx or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;, except such amounts as are being contested in good faith by appropriate legal or administrative proceedings.

Appears in 1 contract

Samples: Loan and Security Agreement (I/Omagic Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of any Borrower's assets by the United States government, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes tax or debts debt owing at any time hereafter to any one or more of such entities anyone becomes a lien, whether xxxxxx or choaxx xx otherwise, upon a material portion of any of Borrower's assets and the same is not paid on the payment date thereof;.

Appears in 1 contract

Samples: Loan and Security Agreement (Centrum Industries Inc)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States governmentGovernment, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes be comes a lien, whether xxxxxx or choaxx xx otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereofthere;

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Government Lien. A notice of lien, levy or assessment is filed of record with respect to any of Borrower's assets by the United States government, Government or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, or any taxes or debts owing at any time hereafter to any one or more of such entities becomes a lien, whether xxxxxx inchoate or otherwise, upon any of Borrower's assets and the same is not paid on the payment date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Optical Cable Corp)

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