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 (Primeenergy Corp), Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Primeenergy 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 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 (Lucas 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 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 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 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 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 (other than a Permitted 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 the failure to pay would make any such payments, individually or in the aggregate, could not reasonably be expected to 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 BorrowerBorrowers, 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 (Texoil Inc /Nv/)
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 a Borrower, 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
