Common use of Payment of Leasehold Obligations Clause in Contracts

Payment of Leasehold Obligations. Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent's request will provide evidence of having done so, except to the extent that such Borrower is contesting or disputing a rental obligation or other lease term in good faith in an expeditious manner, provided that sufficient reserves are established to the reasonable satisfaction of the Agent to protect the security interest and Liens on the Collateral in favor of the Agent for the benefit of the Lenders.

Payment of Leasehold Obligations. Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent's request request, will provide evidence of having done so; provided, except to the extent however, that such any Borrower is contesting or disputing may contest its rental obligations under a rental obligation or other lease term in good faith in an expeditious manner, provided that any related Lien is stayed and sufficient reserves are established to the reasonable satisfaction of the Agent to protect the Agent's security interest and Liens in or Lien on the Collateral in favor of the Agent for the benefit of the LendersCollateral.