Common use of Payment of Indebtedness, Taxes, Etc Clause in Contracts

Payment of Indebtedness, Taxes, Etc. (a) Pay all material indebtedness and obligations, now existing or hereafter arising, as and when due and payable except where (i) the validity or amount thereof is being contested in good faith and by appropriate proceedings, which proceedings shall include good faith negotiations, and (ii) the Company or any Subsidiary of the Company has set aside on its books adequate reserves with respect thereto in accordance with Generally Accepted Accounting Principles, and (iii) the failure to make such payment pending such contest could not reasonably be expected to have a Material Adverse Effect.

Payment of Indebtedness, Taxes, Etc. (a) Pay all material indebtedness Indebtedness and obligations, now existing or hereafter arising, as and when due and payable payable, except where (i) the validity validity, amount, or amount timing thereof is being contested in good faith and by appropriate proceedings, which proceedings shall include good faith negotiations, and (ii) the Company or any Subsidiary of the Company Borrower has set aside on its books adequate reserves with respect thereto in accordance with Generally Accepted Accounting PrinciplesGAAP, and (iii) the failure to make such payment pending such contest could not reasonably be expected to have a Material Adverse Effect.

Payment of Indebtedness, Taxes, Etc. (a) Pay all material indebtedness Indebtedness and obligations, now existing or hereafter arising, as and when due and payable payable, except where (i) the validity validity, amount, or amount timing thereof is being contested in good faith and by appropriate proceedings, which proceedings shall include good faith negotiations, and (ii) the Company or any Subsidiary of the Company has Borrowers have set aside on its their books adequate reserves with respect thereto in accordance with Generally Accepted Accounting PrinciplesGAAP, and (iii) the failure to make such payment pending such contest could not reasonably be expected to have a Material Adverse Effect.