Payment Of Liabilities To Third Persons. Each of the BORROWERS shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule), all liabilities due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set aside.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)
Payment Of Liabilities To Third Persons. Each of the BORROWERS The BORROWER shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule)periods, all liabilities due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set asideaside by the BORROWER.
Appears in 2 contracts
Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Accom Inc)
Payment Of Liabilities To Third Persons. Each of the BORROWERS shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule)periods, all liabilities due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set aside.
Appears in 2 contracts
Samples: Credit Agreement (Dover Motorsports Inc), Loan and Security Agreement (Imtek Office Solutions Inc)
Payment Of Liabilities To Third Persons. Each of the BORROWERS The BORROWER shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule)periods, all liabilities LIABILITIES due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set asideaside by the BORROWER.
Appears in 1 contract
Samples: Loan and Security Agreement (Ea Engineering Science & Technology Inc)
Payment Of Liabilities To Third Persons. Each of the BORROWERS The Borrower shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule)periods, all liabilities due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set asideaside by the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Martek Biosciences Corp)
Payment Of Liabilities To Third Persons. Each of the BORROWERS shall pay when and as due, or within applicable grace periods (but shall not prepay in advance of any stated payment schedule)periods, all liabilities due to third persons, except when the amount thereof is being contested in good faith by appropriate proceedings and with adequate reserves therefor being set aside.
Appears in 1 contract
