Common use of Payment of Preferred Claims Clause in Contracts

Payment of Preferred Claims. The Borrower shall, and the Borrower shall cause each of the Guarantors to, from time to time pay or cause to be paid, all amounts related to taxes, wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which may result in an Encumbrance against the assets of any Obligor arising under Applicable Law.

Payment of Preferred Claims. The Borrower shall, and the Borrower shall cause each of the Guarantors its Subsidiaries to, from time to time pay or cause to be paid, paid all amounts related to taxes, wages, workers’ ' compensation obligations, government royalties or pension fund obligations and any other amount which may result in an Encumbrance a lien, charge or similar encumbrance against the assets of any Obligor the Borrower or such Subsidiary arising under Applicable Lawstatute or regulation.