Payment of Obligations When Due. To pay when due (or within applicable grace periods) all indebtedness due third persons, except when the amount thereof is being contested in good faith, by appropriate proceedings and with adequate reserves therefor being set aside on the books of the Borrower.
Appears in 2 contracts
Samples: Mortgage Warehousing Agreement (Rock Financial Corp/Mi/), Mortgage Warehousing Agreement (Rock Financial Corp/Mi/)
Payment of Obligations When Due. To pay when due (or within applicable ------------------------------- grace periods) all indebtedness due third persons, except when the amount thereof is being contested in good faith, by appropriate proceedings and with adequate reserves therefor being set aside on the books of the Borrower.
Appears in 1 contract
Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings Inc)
Payment of Obligations When Due. To pay when due (or within applicable grace periods) all material indebtedness due third persons, except when the amount thereof is being contested in good faith, by appropriate proceedings and with adequate reserves therefor being set aside on the books of the Borrower.
Appears in 1 contract
