Common use of TAXES AND OTHER LIABILITIES Clause in Contracts

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 20 contracts

Samples: Revolving Credit Agreement (SRS Labs Inc), Term Loan Agreement (Park City Group Inc), Revolving Credit Agreement (Rochester Medical Corporation)

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TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other material liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Research Corp)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments assessments, wage and employee obligations, and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor. No tax liens have been filed and no claims are being asserted with respect any taxes assessed against Borrower or its Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sonic Foundry Inc)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Vaughn Communications Inc)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments assessments, wage and employee obligations, and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Park City Group Inc)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, liabilities except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefortherefore.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nautilus Group Inc)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, liabilities except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Term Loan Agreement (Outdoor Channel Holdings Inc)

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TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in In good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Term Loan Agreement (Rochester Medical Corporation)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of or liens securing such items, and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alterra Healthcare Corp)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, and with adequate reserves provided therefor.. 2.12

Appears in 1 contract

Samples: Term Loan Agreement (Nutech Digital Inc)

TAXES AND OTHER LIABILITIES. The Borrower will pay and discharge, when due, all of its taxes, assessments and other liabilities, except when the payment thereof is being contested in good faith by appropriate procedures which will avoid foreclosure of liens securing such items, items and with adequate reserves provided therefor.

Appears in 1 contract

Samples: Term Note (Oakridge Holdings Inc)

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