Common use of Payment of Debts Clause in Contracts

Payment of Debts. Pay and discharge when due, and before subject to penalty or further charge, and otherwise satisfy before maturity or delinquency, all obligations, debts, taxes, and liabilities of whatever nature or amount, except those which Borrower in good faith disputes.

Appears in 7 contracts

Samples: Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC)

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Payment of Debts. Pay Borrower shall pay and discharge when due, and before subject to penalty or further charge, and otherwise satisfy before maturity or delinquency, all obligations, debts, taxes, and liabilities of whatever nature or amount, except those which Borrower in good faith disputes.

Appears in 6 contracts

Samples: Loan and Security Agreement (Venus Concept Inc.), Loan and Security Agreement (ARC Group, Inc.), Loan and Security Agreement (ARC Group, Inc.)

Payment of Debts. Pay and discharge when due, and before subject to penalty or further charge, and otherwise satisfy before maturity or delinquency, all material obligations, debts, taxes, and liabilities of whatever nature or amount, except those which Borrower in good faith disputes.

Appears in 1 contract

Samples: Loan Agreement (Cybex International Inc)

Payment of Debts. Pay and discharge when due, and before subject to ----------------- penalty or further charge, and otherwise satisfy before maturity or delinquency, all obligations, debts, taxes, and liabilities of whatever nature or amountamount which would have a material adverse effect on the Collateral, business or profits of Borrower, except those which Borrower in good faith disputes.

Appears in 1 contract

Samples: Loan Agreement (Techforce Corp)

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Payment of Debts. Pay and discharge when due, and before subject to penalty or further charge, and otherwise satisfy before maturity or delinquency, all obligations, debts, taxes, and liabilities of whatever nature or amount, except those which Borrower in good faith disputes.

Appears in 1 contract

Samples: Loan Modification and Forbearance Agreement (Featherlite Inc)

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