Common use of Government Lien Clause in Contracts

Government Lien. A notice of lien, levy or assessment is filed of record against any Borrower’s or Guarantor’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 tax or debt owing at any time hereafter to anyone becomes a lien, whether cxxxxx or otherwise, upon any Borrower’s or Guarantor’s assets and the lien is not paid on the payment due date, except amounts that are being contested in good faith by appropriate legal or administrative proceedings.

Appears in 1 contract

Samples: Compensation Agreement (Origo Acquisition Corp)

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Government Lien. A Except for Permitted Liens, a notice of lien, levy or assessment is filed of record against with respect to any of Borrower’s 's or Guarantor’s Parent'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 tax taxes or debt debts owing at any time hereafter to anyone any one or more of such entities becomes a lien, whether cxxxxx inchoate or otherwise, upon Borrower's or any Borrower’s or Guarantor’s Parent's assets and the lien same is not paid on the payment due date, except amounts that are being contested in good faith by appropriate legal or administrative proceedings.date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (AMERI Holdings, Inc.)

Government Lien. A notice of lien, levy or assessment is filed of record against any Borrower’s or Guarantor’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 tax or debt owing at any time hereafter to anyone becomes a lien, whether cxxxxx xxxxxx or otherwise, upon any Borrower’s or Guarantor’s assets and the lien is not paid on the payment due date, except amounts that are being contested in good faith by appropriate legal or administrative proceedings.

Appears in 1 contract

Samples: Compensation Agreement (Hightimes Holding Corp.)

Government Lien. A notice of lien, levy or assessment is filed of record against 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 tax taxes or debt debts owing at any time hereafter to anyone any one or more of such entities becomes a lien, whether cxxxxx xxxxxx or otherwise, upon any of Borrower’s or a Guarantor’s assets and the lien same is not paid on the payment due date, except amounts that are being contested in good faith by appropriate legal or administrative proceedings.date thereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Corporate Resource Services, Inc.)

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Government Lien. A notice of lien, levy or assessment is filed of record against any with respect to either a Borrower’s 's or Guarantor’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 tax or debt owing at any time hereafter to anyone becomes a lien, whether cxxxxx xxxxxx or otherwise, upon any either Borrower’s 's or Guarantor’s assets and the lien same is not paid on the payment due datedate thereof, except such amounts that as are being contested in good faith by appropriate legal or administrative proceedings.

Appears in 1 contract

Samples: Loan and Security Agreement (American BioCare, Inc.)

Government Lien. A notice of lien, levy or assessment is filed of record against any of any Borrower’s or Guarantor’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 tax or debt owing at any time hereafter to anyone becomes a lien, whether cxxxxx or otherwise, upon any of Borrower’s or Guarantor’s assets and the lien is not paid on the payment due date, except amounts that are being contested in good faith by appropriate legal or administrative proceedings.

Appears in 1 contract

Samples: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)

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