Payment Of Liabilities To Third Persons. The BORROWER shall pay when and as due, or within applicable grace periods, all liabilities due to third persons which either individually or in the aggregate unpaid amount exceed Two Million Dollars ($2,000,000.00), 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 (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)
Payment Of Liabilities To Third Persons. The BORROWER shall pay when and as due, or within applicable grace periods, all liabilities due to third persons which either individually or in the aggregate unpaid amount exceed Two Million Dollars ($2,000,000.00)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 (Accom Inc), Loan and Security Agreement (Avatech Solutions Inc)
Payment Of Liabilities To Third Persons. The BORROWER shall pay when and as due, or within applicable grace periods, all liabilities LIABILITIES due to third persons which either individually or in the aggregate unpaid amount exceed Two Million Dollars ($2,000,000.00)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)
