Payment of Liabilities. Borrower shall pay and discharge, in the ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower in accordance with GAAP.
Appears in 7 contracts
Samples: Loan and Security Agreement (Bei Medical Systems Co Inc /De/), Loan and Security Agreement (V One Corp/ De), Loan and Security Agreement (Shopnow Com Inc)
Payment of Liabilities. Borrower shall pay and discharge, in the ---------------------- ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower in accordance with GAAP.
Appears in 5 contracts
Samples: Annual Report, Loan and Security Agreement (Odetics Inc), Loan and Security Agreement (Trinagy Inc)
Payment of Liabilities. The Borrower shall pay and discharge, in the ordinary course of business, all Indebtednessobligations and liabilities (including, without limitation, tax liabilities and other governmental charges), except where the same may be contested in good faith by appropriate proceedings and for which adequate reserves with respect thereto have been provided on the books and records of Borrower established in accordance with GAAP.
Appears in 3 contracts
Samples: Loan and Security Agreement (American Railcar Industries, Inc.), Loan and Security Agreement (American Railcar Industries, Inc./De), Loan and Security Agreement (American Railcar Industries, Inc./De)
Payment of Liabilities. Borrower shall pay and dischargedis-charge, in the ----------------------- ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower in accordance with GAAP.
Appears in 1 contract
Payment of Liabilities. Borrower shall pay and discharge, in the ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower in accordance with GAAP.. TBCC Loan and Security Agreement --------------------------------------------------------------------------------
Appears in 1 contract
Payment of Liabilities. Borrower shall pay and discharge, * in the ---------------------- ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower in accordance with GAAP.. * when due,
Appears in 1 contract
Payment of Liabilities. Borrower shall pay and discharge, * in the ordinary course of business, all Indebtedness, except where the same may be contested in good faith by appropriate proceedings and adequate reserves with respect thereto have been provided on the books and records of Borrower borrower in accordance with GAAP.. * WHEN DUE
Appears in 1 contract
Samples: Loan and Security Agreement (Backweb Technologies LTD)
