Common use of Taxes and Other Payment Obligations Clause in Contracts

Taxes and Other Payment Obligations. (a) The Borrower shall pay and discharge, or cause to be paid and discharged, before any of them become in arrears, all taxes, assessments, governmental charges, levies, and claims for labor, materials or supplies which if unpaid might become a lien or charge upon any of their property, and all of their other debts, obligations and liabilities.

Appears in 6 contracts

Samples: Loan Agreement (Primeholdings Com Inc), Loan Agreement (Pomeroy Computer Resources Inc), Loan Agreement (NTS Properties Vii LTD/Fl)

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Taxes and Other Payment Obligations. (a) The Borrower shall pay and discharge, or cause to be paid and discharged, before any of them become in arrearsdelinquent, all taxes, assessments, governmental charges, levies, and claims for labor, materials or supplies which if unpaid might become a lien or charge upon any of their the Borrower's property, and all of their its other debts, obligations and liabilitiesliabilities as due and payable.

Appears in 1 contract

Samples: Esop Loan Agreement (Trager Bernard M)

Taxes and Other Payment Obligations. (a) The Borrower shall pay and discharge, or cause to be paid and discharged, before any of them become in arrears, all material taxes, assessments, governmental charges, levies, and claims for labor, materials or supplies which if unpaid might become a lien or charge upon any of their its property, and all of their its other debts, obligations and liabilities.

Appears in 1 contract

Samples: Loan Agreement (Papa Johns International Inc)

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Taxes and Other Payment Obligations. (a) The Subject to the provisions of Section 7.02(b) hereof, the Borrower shall pay and discharge, or cause to be paid and discharged, each before any of them become it becomes in arrears, all taxes, assessments, governmental charges, levies, and claims for labor, materials or supplies which if unpaid might become a lien or charge upon any of their its property, and all of their its other debts, obligations and liabilities.

Appears in 1 contract

Samples: Loan Agreement (Tumbleweed Inc)

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