Common use of Payment of Indebtedness, Taxes and Claims Clause in Contracts

Payment of Indebtedness, Taxes and Claims. Each Company Entity will pay (i) its Indebtedness, the Obligations, and all other obligations promptly and in accordance with their terms; (ii) file all tax returns and reports which are required by law to be filed by it; (iii) pay before they become delinquent, all taxes (including payroll taxes), assessments and governmental charges and levies imposed upon it or its property; and (iv) pay all claims or demands of any kind (including but not limited to those of suppliers, mechanics, carriers, warehousemen, landlords and other like persons) which, if unpaid, might result in the creation of a lien upon its property other than a Permitted Lien.

Appears in 4 contracts

Samples: Revenue Loan and Security Agreement (Isun, Inc.), Revenue Loan and Security Agreement (INVO Bioscience, Inc.), Revenue Loan and Security Agreement (Sidus Space Inc.)

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Payment of Indebtedness, Taxes and Claims. Each Company Entity will pay (ia) its Indebtedness, the Obligations, and all other obligations promptly and in accordance with their terms; (iib) file all tax returns and reports which are required by law to be filed by it; (iiic) pay before they become delinquent, all taxes (including payroll taxes), assessments and governmental charges and levies imposed upon it or its property; and (ivd) pay all claims or demands of any kind (including but not limited to those of suppliers, mechanics, carriers, warehousemen, landlords and other like persons) which, if unpaid, might result in the creation of a lien upon its property other than a Permitted Lien.

Appears in 1 contract

Samples: Revenue Loan and Security Agreement (NowRx, Inc.)

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Payment of Indebtedness, Taxes and Claims. Each Company Entity will pay (ia) its Indebtedness, the Obligations, and all other obligations promptly and Restated Obligations in accordance with their termsthe terms hereof; (iib) file all tax returns and reports which are required by law to be filed by it; (iiic) pay before they become delinquent, all taxes (including payroll taxes)Taxes, assessments and governmental charges and levies imposed upon it or its propertyproperty except such as are being contested in good faith; and (ivd) pay all claims or demands of any kind (including but not limited to those of suppliers, mechanics, carriers, warehousemen, landlords and other like persons) which, if unpaid, might result in the creation of a lien upon its property other than a Permitted Lien.

Appears in 1 contract

Samples: Loan and Security Agreement (Red Cat Holdings, Inc.)

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