Common use of Payment of Assessments and Charges Clause in Contracts

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 21 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Primeenergy Corp), Credit Agreement (Exploration Co of Delaware Inc)

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Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the any Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (United Heritage Corp), Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the Property any of the Borrowerits Property, except any of the foregoing being contested in good faith and as to which an adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Primeenergy Corp), Credit Agreement (Gastar Exploration LTD)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrowerits Property, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the Property any of the Borrowerits Property, except any of the foregoing that are being contested in good faith and as to which an adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Evolution Petroleum Corp), Credit Agreement (Cross Border Resources, Inc.), Credit Agreement (Royale Energy Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the BorrowerGuarantor, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), KCS Energy Inc

Payment of Assessments and Charges. Pay all taxesTaxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the any Property of any of the BorrowerBorrowers, except any of the foregoing being contested in good faith and as to which an adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrowera Borrower or a Guarantor, except any of the foregoing being contested in good faith and as to which adequate reserve reserves in accordance with GAAP has have been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Edge Petroleum Corp)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the Mortgaged Property or other Property of the BorrowerBorrowers, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP and GAAS has been established or unless failure to pay would not have a Material Adverse Effectestablished.

Appears in 1 contract

Samples: Credit Agreement (Alamco Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the any Property of the Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Payment of Assessments and Charges. Pay all taxes, assessments, ---------------------------------- governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the BorrowerBorrower and/or the Guarantor, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Pendaries Petroleum LTD)

Payment of Assessments and Charges. Pay all taxesTaxes, assessments, governmental charges, rent, rent and other Indebtedness which, if unpaid, might become a Lien against the any Property of the BorrowerBorrowers, except any of the foregoing being contested in good faith and as to which an adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Agreement (Viking Energy Group, Inc.)

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Payment of Assessments and Charges. Pay all taxes, assessments, ---------------------------------- governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrower, except for Permitted Liens and any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Energy Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the BorrowerBorrower and/or the Co- Borrowers, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Southern Mineral Corp)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become result in a Lien against the Property of the either Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Stratum Holdings, Inc.)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness indebtedness which, if unpaid, might become a Lien against the Property of the Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (NPC Holdings Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the BorrowerBorrower or any of its Subsidiaries, except any of the foregoing being contested in good faith and as to which adequate reserve reserves in accordance with GAAP has have been established or unless failure to pay would not have a Material Adverse Effect.. 1.8 1.9

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrower or any Subsidiary of the Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

Payment of Assessments and Charges. Pay all taxes, assessments, ---------------------------------- governmental charges, rent, and other Indebtedness which, if unpaid, might become a Lien against the Property of the Borrower, except any of the foregoing being contested in good faith and as to which adequate reserve in accordance with GAAP has been established or unless failure to pay would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Assignment Agreement (Southern Mineral Corp)

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