Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretion.
Appears in 24 contracts
Samples: Loan Agreement (Research Solutions, Inc.), Loan Agreement (VerifyMe, Inc.), Loan Agreement (VerifyMe, Inc.)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank Lender in its sole reasonable discretion.
Appears in 3 contracts
Samples: Loan and Security Agreement (GlassBridge Enterprises, Inc.), Loan Agreement (CLS Holdings USA, Inc.), Loan Agreement (CLS Holdings USA, Inc.)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves in accordance with GAAP or made other adequate provision with respect thereto acceptable to the Bank in its sole discretionBank.
Appears in 3 contracts
Samples: Loan Agreement (Bethlehem Corp), Loan Agreement (Bethlehem Corp), Loan Agreement (Bethlehem Corp)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank Lender in its sole discretion.
Appears in 3 contracts
Samples: Loan and Security Agreement (Pure Earth, Inc.), Loan Agreement (Dpac Technologies Corp), Loan Agreement (Spacedev Inc)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves in accordance with GAAP or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 2 contracts
Samples: Loan Agreement (Informax Inc), Loan Agreement (Serviceware Com Inc)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrowerany Company, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower Borrowers shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 2 contracts
Samples: Loan Agreement (Preformed Line Products Co), Loan Agreement (Preformed Line Products Co)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 2 contracts
Samples: Loan Agreement (Northern Technologies International Corp), Loan Agreement (Northern Technologies International Corp)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrowerit, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower it shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 2 contracts
Samples: Loan Agreement (Lsi Industries Inc), Loan Agreement (Lsi Industries Inc)
Payment of Taxes and Other Charges. Pay and discharge when due all material indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretion.
Appears in 1 contract
Samples: Loan Agreement (DVL Inc /De/)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretionthereto.
Appears in 1 contract
Samples: Loan Agreement (Erie Indemnity Co)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrowerany Company, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 1 contract
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the any Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the such Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretionas required by GAAP.
Appears in 1 contract
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretion.accordance with
Appears in 1 contract
Samples: Loan Agreement (Careerbuilder Inc)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon each of the BorrowerBorrowers, its their income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the each such applicable Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 1 contract
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property properties or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto provisions acceptable to the Bank Holder in its sole discretion.
Appears in 1 contract
Samples: Subordinated Note (Core Technologies Pennsylvania Inc)
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon any Borrower or the BorrowerGuarantor, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which such Borrower or the Borrower Guarantor shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 1 contract
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the Borrower, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole reasonable discretion.
Appears in 1 contract
Payment of Taxes and Other Charges. Pay and discharge when due all indebtedness and all taxes, assessments, charges, levies and other liabilities imposed upon the BorrowerBorrower and its Subsidiaries, its income, profits, property or business, except those which currently are being contested in good faith by appropriate proceedings and for which the Borrower shall have set aside adequate reserves or made other adequate provision with respect thereto acceptable to the Bank in its sole discretion.
Appears in 1 contract