Common use of PAYMENT AND PERFORMANCE OF LIABILITIES Clause in Contracts

PAYMENT AND PERFORMANCE OF LIABILITIES. The Borrower shall pay each -------------------------------------- Liability due Lender when due (or when demanded if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability due Lender and pay each Liability due others in accordance with its current custom and practice. If Borrower has any dispute with any Person with respect to any Liability, Borrower shall give Paragon notice of said dispute.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

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PAYMENT AND PERFORMANCE OF LIABILITIES. The Borrower shall pay each -------------------------------------- Liability due Lender when due (or when demanded if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability due Lender and pay each Liability due others in accordance with its current custom and practice. If Borrower has any dispute with any Person with respect to any Liability, Borrower shall give Paragon notice of said dispute.

Appears in 2 contracts

Samples: Loan and Security Agreement (Great Train Store Co), Loan Agreement (Crown Books Corp)

PAYMENT AND PERFORMANCE OF LIABILITIES. The Borrower shall pay each -------------------------------------- Liability due Lender when due (or when demanded if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability due Lender and pay each Liability due others in accordance with its current custom and practice. If Borrower has any dispute with any Person with respect to any Liability, Borrower shall give Paragon notice of said dispute.

Appears in 1 contract

Samples: Loan and Security Agreement (White House Inc/Md)

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PAYMENT AND PERFORMANCE OF LIABILITIES. The Borrower shall pay -------------------------------------- each -------------------------------------- Liability due Lender when due (or when demanded if payable on demand) and shall promptly, punctually, and faithfully perform each other Liability due Lender and pay each Liability due others in accordance with its current custom and practice. If Borrower has any dispute with any Person with respect to any Liability, Borrower shall give Paragon Lender notice of said dispute.

Appears in 1 contract

Samples: Loan and Security Agreement (National Home Centers Inc)

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