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, other than a Permitted Lien, against the Property of the Borrower, except any of the foregoing being Contested in Good Faith.

Appears in 3 contracts

Samples: Credit Agreement (Canaan Energy Corp), Credit Agreement (Cmi Corp), Credit Agreement (Cmi Corp)

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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, other than a Permitted Lien, against the Property of the BorrowerBorrowers, except any of the foregoing being Contested in Good Faith.

Appears in 2 contracts

Samples: Credit Agreement (GMX Resources Inc), Credit Agreement (Pontotoc Production Inc)

Payment of Assessments and Charges. Pay The Borrower shall pay all taxes, assessments, ---------------------------------- governmental charges, rent rent, and other Indebtedness whichthat, if unpaid, might become a Lien, other than a Permitted Lien, against the Property Collateral of the Borrower, except any of the foregoing being Contested in Good Faith.

Appears in 2 contracts

Samples: Loan Agreement (Windsor Energy Resources, Inc.), Loan Agreement (Windsor Energy Resources, 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, other than a Permitted Lien, against the Property of the Borrower, except any of the foregoing being Contested in Good Faith.

Appears in 1 contract

Samples: Credit Agreement (Fortune Natural Resources Corp)

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