Payment of Certain Obligations. The Borrower shall, subject to the deferral of the payment of Interest and Costs permitted by Section 2.4.3 and 2.5.2.5, respectively, have paid to the Bank all Interest and Costs payable to and/or incurred by the Bank through the Drawdown Date.
Payment of Certain Obligations. Pay and discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all material tax liabilities, assessments and governmental charges (other than Indebtedness) or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves if and to the extent required in accordance with GAAP are being maintained by the Parent, the Borrower or such Subsidiary.
Payment of Certain Obligations. Seller shall have delivered to Purchaser or caused Susanville to have delivered to Purchaser evidence, reasonably satisfactory to Purchaser, that all municipal tax and lease payments have been paid in full.
Payment of Certain Obligations. Borrower shall and shall cause each of its Subsidiaries to pay and discharge prior to delinquency all material tax liabilities, assessments and governmental charges or levies upon their respective properties, unless the same are being contested in good faith by appropriate proceedings timely instituted and diligently conducted by the applicable Person and such Person has set aside adequate reserves, if any, on its financial statements in accordance with GAAP.
Payment of Certain Obligations. Pay and discharge prior to delinquency all Federal and other material tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and adequate reserves in accordance with GAAP are being maintained by Borrower or its affected Subsidiary.
Payment of Certain Obligations. (a) AWA shall provide AWA Sub, and AWA and AWA Sub shall provide Bermuda, with sufficient funds to meet its statutory and other ordinary course obligations.
Payment of Certain Obligations. Within fifteen (15) days after Closing, unless required sooner by applicable Legal Requirement or policy of the Parent, EnStructure or the Seller, the Parent shall pay, or cause to be paid, the following obligations in full so that no such obligations exist as of the effective time of the Closing: (i) all of Seller’s non-trade accounts payable, including, but not limited to, non-trade accounts payable related to payroll, employee benefits, union benefits and contributions under any Plan, (ii) all of Seller’s employee taxes related to the period prior to and including the Closing Date, (iii) all bonuses, including project bonuses, payable to the employees of the Seller attributable to such employee’s work or employment prior to and including the Closing Date, whether or not accrued on the books of the Seller, and (iv) the cash value of all vacation days which have been earned by the employees of the Seller and remain outstanding as of the Closing Date, whether or not accrued on the books of the Seller.
Payment of Certain Obligations. Each Loan Party and each Subsidiary of each Loan Party will pay in full before delinquency or before the expiration of any extension period all Taxes imposed, levied, or assessed against it, or any of its assets or in respect of any of its income, businesses, or franchises, except to the extent that the validity of such governmental assessment or Tax is the subject of a Permitted Protest. Each Loan Party and each Subsidiary of each Loan Party will: (a) timely and correctly file all Tax Returns required to be filed by it; and (b) withhold, collect and remit all Taxes that it is required to collect, withhold or remit.
Payment of Certain Obligations. (a) Pay any principal (including sinking fund payments) or any other amount (other than scheduled interest payments) with respect to any Subordinated Obligations, Parent Senior Unsecured Obligations or Purchase Money Obligations (other than regularly scheduled amortization or principal payments), or purchase or redeem (or offer to purchase or redeem) any such Indebtedness, or deposit any monies, securities or other Property with any trustee or other Person to provide assurance that the principal or any portion thereof of any such Indebtedness will be paid when due or otherwise to provide for the defeasance of any such Obligations except:
Payment of Certain Obligations. At or prior to Closing, the ------------------------------ obligations of the Company to the Jenkens & Xxxxxxxxx and Oppenheimer, Wolff, Xxxxxxxx and Xxxx shall have been paid in full by the Company. In the event that Sunbase Asia, Inc. Xxxxxx X. Xxx April 10, 2000 Page 3 the Company has not paid such amounts to Jenkens & Xxxxxxxxx and Oppenheimer, Wolff, Xxxxxxxx and Xxxx, Buyer shall pay such amounts at or prior to Closing on behalf of the Company. Buyer acknowledges that the Company shall have the obligation to pay amounts owing to the United States offices of Ernst & Young. At or prior to the Closing, the Company shall pay $10,000 for legal fees and expenses of O'Melveny & Xxxxx LLP incurred in connection with the Closing of this Agreement. In the event that the Company has not paid such amount to O'Melveny & Xxxxx LLP, Buyer shall pay such amounts at or prior to Closing on behalf of the Company. Seller shall be responsible to pay all amounts owing to the Trustee through April 28, 2000. In the event the Closing occurs after May 1, 2000, the Company shall, at or prior to Closing, pay the Trustee the additional amount of $33,666 due to the Trustee under the compensation agreement relating to the Voting Trust. In the event that the Company has not paid such amount to the Trustee, Buyer shall pay such amounts at or prior to Closing on behalf of the Company. Notwithstanding the prior two sentences, Seller shall have no obligation to extend this Agreement past the date April 28, 2000. In the event the Company does not or cannot pay the obligations specified to be paid by the Company in this Section 7.9, such failure of payment shall not constitute a breach of this Agreement or otherwise limit Buyer's obligation under this Agreement and the Buyer shall pay such amounts as specified above.
