Common use of Payment of Obligations and Taxes Clause in Contracts

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 38 contracts

Samples: Loan Disbursement Instructions (Scientific Technologies Inc), Term Loan Credit Agreement (Scheid Vineyards Inc), Credit Agreement (Applied Signal Technology Inc)

AutoNDA by SimpleDocs

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's ’s issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 9 contracts

Samples: Credit Agreement (Primoris Services Corp), Credit Agreement (Alphatec Holdings, Inc.), Trade Finance Credit Agreement (Variflex Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the any Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 4 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Tag It Pacific Inc), Credit Agreement (Osi Systems Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.. 6.8

Appears in 2 contracts

Samples: Agreement (Golden State Vintners Inc), Agreement (Golden State Vintners Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its their liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the any Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Line of Credit Agreement (Tag It Pacific Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the time same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Term Loan Agreement (Interactive Group Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, . trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Term Loan Agreement (Atg Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment. 5.06.

Appears in 1 contract

Samples: Commercial Credit Agreement (Applied Signal Technology Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its known liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agencyfaith. For purposes hereof, the Borrower's ’s issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Credit Agreement (Cheesecake Factory Incorporated)

AutoNDA by SimpleDocs

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, hereof the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Commercial Credit Agreement (Interactive Group Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments -------------------------------- and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Credit Agreement (Bre Properties Inc /Md/)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment. 5.05.

Appears in 1 contract

Samples: Line of Credit Agreement (Applied Signal Technology Inc)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: Credit Agreement (Bre Properties Inc /Md/)

Payment of Obligations and Taxes. Make timely payment of all assessments and taxes and all of its liabilities and obligations including, but not limited to, trade payables, unless the same are being contested in good faith by appropriate proceedings with the appropriate court or regulatory agency. For the purposes hereof, the Borrower's issuance of a check, draft or similar instrument without delivery to the intended payee shall not constitute payment.

Appears in 1 contract

Samples: 8 Term Loan Agreement (Atg Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!