Common use of Payment of Obligations, Taxes and Claims Clause in Contracts

Payment of Obligations, Taxes and Claims. Borrower shall pay, before they become delinquent, all debts, obligations, taxes, assessments, governmental charges, levies and claims imposed upon it or upon its Property, except for those being contested in good faith with due diligence by appropriate proceedings and for which appropriate reserves have been maintained under GAAP.

Appears in 2 contracts

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.), Credit Agreement (Green Plains Renewable Energy, Inc.)

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Payment of Obligations, Taxes and Claims. Borrower shall pay, before they become delinquent, all debts, obligations, taxes, assessments, governmental charges, levies and claims imposed upon it or upon its Property, except for those being contested in good faith with due diligence by appropriate proceedings and for which appropriate adequate reserves are maintained in accordance with GAAP or where the failure to so pay could not reasonably be expected to have been maintained under GAAPa Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Benson Hill, Inc.)

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Payment of Obligations, Taxes and Claims. Borrower Borrowers shall pay, before they become delinquent, all debts, obligations, taxes, assessments, governmental charges, levies and claims imposed upon it them or upon its their Property, except for those being contested in good faith with due diligence by appropriate proceedings and for which appropriate reserves have been maintained under GAAP.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

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