Payment of Indebtedness and Performance of Obligations. Pay and ------------------------------------------------------ discharge promptly all lawful claims for labor, materials and supplies or otherwise which, if unpaid, would have a material adverse effect on the operations, business or financial or other condition of the Borrower and its Subsidiaries taken as a whole except where contested in good faith and by proper proceedings if appropriate reserves are maintained with respect thereto.
Appears in 3 contracts
Samples: Loan Agreement (Nu Horizons Electronics Corp), Agreement (Nu Horizons Electronics Corp), Loan Agreement (Nu Horizons Electronics Corp)
Payment of Indebtedness and Performance of Obligations. Pay and ------------------------------------------------------ discharge promptly all lawful claims for labor, materials and supplies or otherwise which, if unpaid, would have a material adverse effect on the operations, business or financial or other condition of the Borrower and its Subsidiaries taken as a whole except where contested in good faith and by proper proceedings if appropriate reserves are maintained with respect theretothereto in conformity with GAAP.
Appears in 3 contracts
Samples: Credit Agreement (Nu Horizons Electronics Corp), Control Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)
Payment of Indebtedness and Performance of Obligations. Pay and ------------------------------------------------------ discharge promptly all lawful claims for labor, materials and supplies or otherwise which, if unpaid, would have a material adverse effect on the operations, business or financial or other condition of the Borrower and its Subsidiaries taken as a whole except where contested in good faith and by proper proceedings if appropriate reserves are maintained with respect theretothereto in conformity with GAAP.
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