Common use of Payment of Taxes; Liens Clause in Contracts

Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its property, and (ii) all lawful claims which, if unpaid, might by law become a lien upon its property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Koala Corp /Co/), Revolving Credit Agreement (Koala Corp /Co/)

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Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its property, and (ii) all lawful claims which, if unpaid, might by law become a lien upon its property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Granite Financial Inc), Revolving Credit Agreement (Sport Haley Inc)

Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, : (ia) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its on his property, and (iib) all lawful claims which, if unpaid, might by law become a lien upon its on his property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 1 contract

Samples: Credit Agreement (Considine Terry)

Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, : (ia) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon on its property, and (iib) all lawful claims which, if unpaid, might by law become a lien upon on its property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 1 contract

Samples: Credit Agreement (American Land Lease Inc)

Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, : (ia) all taxes, assessments and governmental charges or levies imposed upon such Borrower or upon on its property, and (iib) all lawful claims which, if unpaid, might by law become a lien upon on its property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 1 contract

Samples: Credit Agreement (Considine Terry)

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Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its property, and (ii) all lawful claims which, if unpaid, might by law become a lien upon its property, except any thereof which is being contested in good faith and by appropriate proceedings.. 4.06

Appears in 1 contract

Samples: Revolving Credit Agreement (Koala Corp /Co/)

Payment of Taxes; Liens. Pay and discharge, before the same become ----------------------- delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon Borrower or upon its owned property, and (ii) all lawful claims which, if unpaid, might by law become a lien upon its owned property, except any thereof which is being contested in good faith and by appropriate proceedings.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Qualmark Corp)

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