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, if requested by Lender, Borrower shall set up reserves in amounts and in form satisfactory to Lender.

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, if requested by Lenderthe Bank, the Borrower shall set up reserves in amounts and in form satisfactory to Lenderthe Bank.