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.
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Samples: Loan and Security Agreement (Saztec International Inc), Netplex Systems Inc, Netplex Group Inc
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: Credit and Security Agreement (Memry Corp), Asset Purchase Agreement (Memry Corp), Credit and Security Agreement (Memry Corp)
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 the Company or its properties, except for these items described in Exhibits B and C and liabilities being contested in good faith and against which adequate which, if requested by the Bank, the Company shall set up reserves have been established in accordance with generally accepted accounting principlesamounts and in form reasonably satisfactory to the Bank.
Appears in 1 contract
Samples: Marine Management Systems 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: Security 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
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: Loan and Security Agreement (Cycomm International 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: Loan and Security Agreement (Industrial Technologies Inc)