Common use of Liens securing Secured Obligations Clause in Contracts

Liens securing Secured Obligations. 6.15.2 Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which reserves, if any, required in accordance with Agreement Accounting Principles shall have been set aside on its books.

Liens securing Secured Obligations. 6.15.2 Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which reserves, if any, required adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on its books, unless and until any Lien resulting therefrom attaches to its Property or becomes enforceable against its other creditors.