Payment of Indebtedness; Performance of Other Obligations. The Borrower will, and will cause each of its Subsidiaries to pay, all material Indebtedness before such Indebtedness shall become past due, all material taxes, assessments and other governmental charges that may be levied or assessed upon it when due and all other material obligations in accordance with customary trade practices, and comply in all material respects with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to any part thereof or to the operation of its business; provided, however, that the Borrower or any Subsidiary may in good faith by appropriate proceedings and with due diligence contest any such Indebtedness, taxes, assessments, governmental charges, acts, rules, regulations, orders and directions that do not in the Bank's reasonable judgment materially and adversely affect the Borrower's business and if requested by the Bank, shall establish reserves reasonably satisfactory to the Bank. The Borrower will, and will cause each of its Subsidiaries to, observe and remain in compliance in all material respects with all laws, ordinances, governmental rules and regulations to which it is subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and observe and perform all covenants and conditions of all material agreements and instruments to which it is a party, where failure to comply would have a Material Adverse Effect on the business of the Borrower or any Subsidiary.
Payment of Indebtedness; Performance of Other Obligations. Borrower shall pay all Indebtedness for borrowed money at maturity, all taxes, assessments and other governmental charges which may be levied or assessed upon Borrower, the Realty or the Collateral when due and all other obligations in accordance with customary trade practices, and comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to the Collateral, the Realty or any part thereof or to the operation of Borrower's business; provided, however, that Borrower may in good faith by appropriate proceedings in good faith and with due diligence contest any such taxes, assessments, governmental charges, acts, rules, regulations, orders and directions that do not in Lender's judgment materially adversely affect the value of the Collateral, the Realty or the priority of Lender's lien in the Collateral or the Realty, and if requested by Lender, shall establish reserves reasonably satisfactory to Lender. Borrower shall also observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which it is subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and all covenants and conditions of all agreements and instruments to which Borrower is a party, which failure to comply or failure to obtain would materially and adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of Borrower.
Payment of Indebtedness; Performance of Other Obligations. CTB shall pay all indebtedness for borrowed money at maturity, all taxes, assessments and other governmental charges which may be levied or assessed upon CTB or the Collateral when due and all other obligations in accordance with customary trade practices, and comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to the Collateral, or any part thereof or to the operation of CTB's business. CTB shall also observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which it is subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and all covenants and conditions of all agreements and instruments to which CTB is a party, which failure to comply or failure to obtain would materially and adversely affect the business, prospects, profits, properties or condition (financial or otherwise) of CTB.
Payment of Indebtedness; Performance of Other Obligations. The Borrowers shall, and shall cause each of their Subsidiaries to, pay all Indebtedness when due and all other obligations in accordance with customary trade practices, and to comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to any Borrower or Subsidiary, or their assets or properties, or any part thereof or to the operation of any Borrower's or Subsidiary's business; provided, however, that the Borrowers or any Subsidiary may, in good faith, by appropriate proceedings and with due diligence contest any such Indebtedness, rules, regulations, orders and directions, and against which the Borrowers will establish and maintain such reserves as may be required, and in such amounts, as provided for in Section 11.15. The Borrowers shall, and shall cause each of their Subsidiaries to, observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which they are subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of their properties or the conduct of their businesses, and all covenants and conditions of all agreements and instruments to which any Borrower or Subsidiary is a party.
Payment of Indebtedness; Performance of Other Obligations. The Borrower and the Guarantors will, and the Borrower will cause each of its Subsidiaries to, pay all material Indebtedness before such indebtedness shall become past due, all taxes, assessments and other governmental charges that may be levied or assessed upon it or the Project Site when due and all other material obligations in accordance with customary trade practices, and comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to the Project, the Project Site or any part thereof or to the operation of its business; provided, however, that the Borrower, a Guarantor or any Subsidiary may in good faith by appropriate proceedings and with due diligence contest any such indebtedness, taxes, assessments, governmental charges, acts, rules, regulations, orders and directions that do not in the Bank's reasonable judgment materially and adversely affect the Borrower's ability to fulfill its obligations under Article III hereof, and if requested by the Bank, shall establish reserves reasonably satisfactory to the Bank. The Borrower and the Guarantors will, and the Borrower will cause each of its Subsidiaries to, observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which it is subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and observe and perform all covenants and conditions of all agreements and instruments to which it is a party, except where failure to do so will not have a material adverse effect on the Borrower, its Subsidiaries and the Guarantors, taken as a whole.
Payment of Indebtedness; Performance of Other Obligations. The Borrower will, and will cause each of its Subsidiaries to, pay all material Indebtedness for Money Borrowed before such indebtedness shall become past due, all taxes, assessments and other governmental charges that may be levied or assessed upon it or the Collateral when due and all other material obligations in accordance with customary trade practices, and comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to the Collateral or any part thereof or to the operation of its business; provided, however, that the Borrower or any Subsidiary may in good faith by appropriate proceedings and with due diligence contest any such indebtedness, taxes, assessments, governmental charges, acts, rules, regulations, orders and directions that do not in the Bank's reasonable judgment materially and adversely affect the value of the Collateral or the priority of the Bank's lien in the Collateral, and if requested by the Bank, shall establish reserves reasonably satisfactory to the Bank. The Borrower will, and will cause each of its Subsidiaries to, observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which it is subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and observe and perform all covenants and conditions of all agreements and instruments to which it is a party.
Payment of Indebtedness; Performance of Other Obligations. The Borrowers shall, and shall cause each of their Subsidiaries to, pay all Indebtedness at maturity, all lawful claims that such
Payment of Indebtedness; Performance of Other Obligations. Pay all Indebtedness for borrowed money at maturity, all taxes, assessments and other governmental charges (including without limitation payment or deposit of all Employment Taxes) which may be levied or assessed upon either Borrower or the Collateral when due and all other indebtedness in accordance with customary trade practices, and comply with all acts, laws, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to the Collateral or any part thereof or to the operation of either Borrower’s business; provided, however, that such Borrower may in good faith, by appropriate proceedings and with due diligence contest any such obligations, acts, rules, regulations, orders and directions that do not in Lender’s judgment materially adversely affect the value of the Collateral or the priority of Lender’s lien in the Collateral, and if requested by Lender, shall establish reserves reasonably satisfactory to Lender. Each Borrower shall also observe and remain in compliance with the covenants and conditions of all agreements and instruments to which either Borrower is a party.
Payment of Indebtedness; Performance of Other Obligations. The Borrower and its Subsidiaries shall pay all Indebtedness at maturity, all lawful claims that the Borrower and its Subsidiaries are obligated to pay, that are due and that, if unpaid, might by law become a lien upon property of the Borrower or any of its Subsidiaries, and all other obligations in accordance with customary trade practices, and comply with all Requirements of Law applicable to the Collateral or any part thereof or to the operation of the business of the Borrower and its Subsidiaries unless noncompliance is not reasonably likely to result in a Material Adverse Effect; provided, however, that the Borrower and its Subsidiaries may in good faith by appropriate proceedings and with due diligence contest, or cause the contesting of, any such Indebtedness (other than the Obligations), claims, obligations, acts, rules, regulations, orders and directions that do not materially adversely affect the value of the Collateral or the priority of the Agent's lien in the Collateral and if the Borrower and its Subsidiaries establish and maintain adequate reserves therefor in accordance with Generally Accepted Accounting Principles. The Borrower and its Subsidiaries shall observe and remain in compliance with all Requirements of Law to which they are subject and obtain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of their properties or the conduct of their businesses, and all covenants and conditions of all agreements and instruments to which the Borrower or any of its Subsidiaries is a party, which failure to comply or failure to obtain could reasonably be expected to have a Material Adverse Effect.
Payment of Indebtedness; Performance of Other Obligations. Pay all Indebtedness when due, and all other obligations in accordance with customary trade practices, and comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official applicable to Borrower's Property or any part thereof or to the operation of Borrower's business; provided, however, that Borrower may in good faith by appropriate proceedings in good faith and with due diligence contest any such Indebtedness, obligations, acts, rules, regulations, orders and directions that do not materially adversely affect the value of its Property, and if requested by Bank, shall establish reserves reasonably satisfactory to Bank. Borrower shall also observe and remain in compliance with all laws, ordinances, governmental rules and regulations to which it is subject and obtain and maintain all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or the conduct of its business, and all covenants and conditions of all agreements and instruments to which Borrower is a party which failure to comply or failure to maintain would materially and adversely affect the business, prospects, profits or condition (financial or otherwise) of Borrower.
