Common use of Payment, Performance and Discharge of Obligations Clause in Contracts

Payment, Performance and Discharge of Obligations. The Seller shall pay, perform and discharge or cause to be paid, performed and discharged promptly all Charges payable by it, including (A) Charges imposed upon it, its income and profits, or any of its property (real, personal or mixed) and all Charges with respect to tax, social security and unemployment withholding with respect to its employees, and (B) lawful claims for labor, materials, supplies and services or otherwise before any thereof shall become past due.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Motor Coach Industries International Inc), Receivables Sale Agreement (Motor Coach Industries International Inc), Receivables Sale Agreement (Motor Coach Industries International Inc)

AutoNDA by SimpleDocs

Payment, Performance and Discharge of Obligations. The Seller shall pay, perform and discharge or cause to be paid, performed and discharged promptly all Charges payable by it, including (A) Charges imposed upon it, its income and profits, or any of its property (real, personal or mixed) and all Charges with respect to tax, social security and unemployment withholding with respect to its employees, employees and (B) lawful claims for labor, materials, supplies and services or otherwise before any thereof shall become past due.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Motor Coach Industries International Inc), Receivables Purchase Agreement (Motor Coach Industries International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!