TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as: (a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and (b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 20 contracts
Samples: Credit Agreement (Omp Inc), Credit Agreement (Tekelec), Credit Agreement (Motorvac Technologies Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
: (a) The same are being contested in good faith and by appropriate proceedings in such manner manners as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
, and (b) It it shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 6 contracts
Samples: Credit Agreement (Onyx Pharmaceuticals Inc), Loan and Security Agreement (Lifeminders Com Inc), Credit Agreement (Hoovers Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all of its indebtedness and other liabilities at any time existingliabilities, except to the extent and so long as:
(aA) The the same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially material adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(bB) It it shall have set aside on its books reserves segregated (segregated to the extent required by generally accepted accounting practice) deemed by it to be and adequate with respect thereto.
Appears in 5 contracts
Samples: Loan Agreement (Variagenics Inc), Loan Agreement (Rowecom Inc), Loan Agreement (Aspect Medical Systems Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges changes upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Security and Loan Agreement (Microtel International Inc), Security and Loan Agreement (General Automation Inc), Security and Loan Agreement (Microtel International Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner manners as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; , and
(b) It it shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Loan Agreement (Silicon Laboratories Inc), Security and Loan Agreement (Identix Inc), Credit Terms and Conditions (Megabios Corp)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Loan Agreement (Ipl Systems Inc), Loan Agreement (Virage Inc), Security and Loan Agreement (Datametrics Corp)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Credit Agreement (Alpha Microsystems), Credit Agreement (Collateral Therapeutics Inc), Credit Agreement (Earthshell Container Corp)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges changes upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially material adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Security and Loan Agreement (Imaging Technologies Corp/Ca), Security and Loan Agreement (Imaging Technologies Corp/Ca), Security and Loan Agreement (Imaging Technologies Corp/Ca)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 3 contracts
Samples: Credit Agreement (National Insurance Group /Ca/), Credit Agreement (National Insurance Group /Ca/), Credit Agreement (National Insurance Group /Ca/)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of to redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its propertiesProperties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The the same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have it has set aside on its books reserves (segregated to the extent required by generally accepted sound accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Bond Loan Agreement
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
: (a) The same are being contested in good faith and by appropriate proceedings in such manner manners as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
, and (b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially material adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) A. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right rights of redemption from any sale thereunder; and
(b) B. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practiceprinciples) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect affect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Credit Agreement (Tekelec)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Security and Loan Agreement (Myers Steven & Associates Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated aggregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its consolidated financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other material liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(and b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.. 4)
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner manners as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; , and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except expect to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Credit Agreement (Easyriders Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, properties and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) a. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect affect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) b. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it them or any of its their properties, and all its any of their other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its their financial condition or the loss of any right of redemption from any sale thereunder; and
and (b) It They shall have set aside on its their books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be them adequate with respect thereto.
Appears in 1 contract
Samples: Loan Agreement (Keith Companies Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) : The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; and
(b) and It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) The the same are being contested in good faith and by appropriate proceedings in such manner manners as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; , and
(b) It it shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Credit Terms and Conditions (Terayon Communication Systems)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same --------------------------- become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all its other liabilities at any time existing, except to the extent and so long as:
(a) A. The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right rights of redemption from any sale thereunder; and
(b) B. It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practiceprinciples) deemed by it to be adequate with respect thereto.
Appears in 1 contract
Samples: Revolving Credit and Collateral Loan Agreement (Virtual Mortgage Network Inc)
TAXES AND OTHER LIABILITIES. Pay and discharge, before the same become delinquent and before penalties accrue thereon, all taxes, assessments and governmental charges upon or against it or any of its properties, and all any of its other liabilities at any time existing, except to the extent and so long as:
(a) The same are being contested in good faith and by appropriate proceedings in such manner as not to cause any materially adverse effect upon its financial condition or the loss of any right of redemption from any sale thereunder; , and
(b) It shall have set aside on its books reserves (segregated to the extent required by generally accepted accounting practice) deemed by it to be adequate with respect thereto.,
Appears in 1 contract
