Common use of Tax and Other Liens Clause in Contracts

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against Borrower or its properties, except liabilities being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 4 contracts

Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Saztec International Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Group Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Systems Inc)

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Tax and Other Liens. Comply in all material respects with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its their property which, if unpaid, might become a lien or charge against Borrower or its properties, except liabilities for any of the foregoing being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 3 contracts

Samples: Commercial Revolving Loan, Term Loan, Line of Credit and Security Agreement (Memry Corp), Commercial Revolving Loan, Term Loan, Line of Credit and Security Agreement (Memry Corp), Commercial Loan Agreement (Memry Corp)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxestaxes (including withholdings), assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against Borrower Shutterport or its properties, except liabilities being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 2 contracts

Samples: Security Agreement (Medianet Group Technologies Inc), Security Agreement (Medianet Group Technologies Inc)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien Lien or charge against the Borrower or its properties, except liabilities being contested in good faith and against which adequate which, if requested by the Bank, the Borrower shall set up reserves have been established in accordance with generally accepted accounting principlesamounts and in form satisfactory to the Bank.

Appears in 1 contract

Samples: Commercial Revolving Loan and Security Agreement (Rhodes M H Inc)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against Borrower Borrowers or its properties, except liabilities being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Industrial Technologies Inc)

Tax and Other Liens. Comply Comply, in all material respects, with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against Borrower Debtor or its properties, except liabilities being contested in good faith and against which adequate which, if requested by the Bank, Debtor shall each set up reserves have been established in accordance with generally accepted accounting principlesamounts and in form satisfactory to the Bank.

Appears in 1 contract

Samples: Loan Agreement (Eastern Co)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien Lien or charge against Borrower it or its properties, except liabilities being contested in good faith and against which Borrower and/or the applicable Subsidiary Guarantor shall set up adequate reserves have been established in accordance with generally accepted accounting principlesGAAP.

Appears in 1 contract

Samples: Credit Agreement (Axsys Technologies Inc)

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Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against the Borrower or its properties, except liabilities being contested in good faith and against which adequate which, if requested by the Lenders, the Borrower shall set up reserves have been established in accordance with generally accepted accounting principlesamounts and in form satisfactory to the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Diasys Corp)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxestaxes (including withholdings), assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it or its property which, if unpaid, might become a lien or charge against Borrower the Debtor or its properties, except liabilities being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Security Agreement (Ourpets Co)

Tax and Other Liens. Comply with all statutes and government regulations and pay all taxes, assessments, governmental charges or levies, or claims for labor, supplies, rent and other obligations made against it any of them or its their property which, if unpaid, might become a lien or charge against Borrower Borrowers or its their properties, except liabilities being contested in good faith and against which adequate reserves have been established in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Commercial Revolving Loan, Additional Loan and Security Agreement (Cycomm International Inc)

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