Common use of Governmental Charges and Other Indebtedness Clause in Contracts

Governmental Charges and Other Indebtedness. Borrower shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness which, if unpaid, could become a Lien upon the property of Borrower and (iii) all other Indebtedness which, if unpaid, could reasonably be expected to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of Lender.

Appears in 3 contracts

Samples: Credit and Security Agreement (Toro Co), Credit and Security Agreement, Credit and Security Agreement (Toro Co)

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Governmental Charges and Other Indebtedness. Borrower and its Subsidiaries shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness indebtedness which, if unpaid, could become a Lien upon the property of Borrower or its Subsidiaries and (iii) all other Indebtedness which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of LenderAgent.

Appears in 3 contracts

Samples: Annual Report, Credit Agreement (Lam Research Corp), Credit Agreement (Lam Research Corp)

Governmental Charges and Other Indebtedness. Borrower Lessee and its Subsidiaries shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness which, if unpaid, could become a Lien upon the property of Borrower Lessee or its Subsidiaries and (iii) all other Indebtedness indebtedness which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of LenderAgent.

Appears in 1 contract

Samples: Participation Agreement (Fair Isaac & Company Inc)

Governmental Charges and Other Indebtedness. Borrower shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness which, if unpaid, could become a Lien upon the property of Borrower and (iii) all other Indebtedness which, if unpaid, could reasonably be expected to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of as may be reasonably required by Lender.

Appears in 1 contract

Samples: Credit Agreement (Patriot Capital Funding, Inc.)

Governmental Charges and Other Indebtedness. Borrower Lessee and its Subsidiaries shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower charges prior to the date upon which penalties accrue thereon, (ii) all Indebtedness indebtedness which, if unpaid, could become a Lien upon the property of Borrower Lessee or its Subsidiaries and (iii) all other Indebtedness which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effectadverse effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of Lenderthe Lessor.

Appears in 1 contract

Samples: Loan Agreement (Lam Research Corp)

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Governmental Charges and Other Indebtedness. Borrower Guarantor and its Subsidiaries shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness indebtedness which, if unpaid, could become a Lien upon the property of Borrower Guarantor or its Subsidiaries and (iii) all other Indebtedness which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of LenderAgent.

Appears in 1 contract

Samples: Guaranty (Lam Research Corp)

Governmental Charges and Other Indebtedness. Borrower Lessee and its Subsidiaries shall promptly pay and discharge when due (i) all taxes and other Governmental Charges imposed on Borrower prior to the date upon which penalties accrue thereon, (ii) all Indebtedness indebtedness which, if unpaid, could become a Lien upon the property of Borrower Lessee or its Subsidiaries and (iii) all other Indebtedness indebtedness which, if unpaid, could is reasonably be expected likely to have a Material Adverse Effect, except such taxes and Indebtedness as may in good faith be contested or disputed, or for which arrangements for deferred payment have been made, provided that in each such case appropriate reserves are maintained to the reasonable satisfaction of LenderAgent.

Appears in 1 contract

Samples: Participation Agreement (Etec Systems Inc)

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