Common use of Taxes, Charges and Liens Clause in Contracts

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 13 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

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Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, V0821 V0821 and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower notifies Lender of any such contested assessment, tax, charge, xxxx, xxxx or claim, and (iii) Borrower shall have established on its books adequate reserves as may be reasonably requested by Lender with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 11 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 6 contracts

Samples: Loan Agreement (Amphastar Pharmaceuticals, Inc.), Loan Agreement (Chromavision Medical Systems Inc), Loan Agreement (Headwaters Inc)

Taxes, Charges and Liens. Pay Borrower shall pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, income or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower’s properties, income, or profits of Borrowerprofits.

Appears in 2 contracts

Samples: Loan Agreement (OVERSTOCK.COM, Inc), Loan Agreement (OVERSTOCK.COM, Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. BorrowerXxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Xxxxxxxx's properties, income, or profits of Borrowerprofits.

Appears in 2 contracts

Samples: Loan Agreement (R B Rubber Products Inc), Loan Agreement (Industrial Services of America Inc /Fl)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, assessment taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims clams and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, assessment taxes, charges, levies, liens and claims clams against Borrower’s properties, income, or profits of Borrowerprofits.

Appears in 2 contracts

Samples: Loan Agreement, Business Loan Agreement (Basin Water, Inc.)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. BorrowerXxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 2 contracts

Samples: Borrower Loan Agreement, Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness Indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. BorrowerXxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Xxxxxxxx's properties, income, income or profits of Borrowerprofits.

Appears in 2 contracts

Samples: Business Loan Agreement (Key Technology Inc), Business Loan Agreement (Key Technology Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i1) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii2) Borrower shall have established on its Borrower’s books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. GAAP, and (3) any assessment, tax, charge, xxxx, xxxx or claim upon any of Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against ’s properties, income, or profits as disclosed in the SEC Reports as of Borrowerthe date of this Agreement, or an OCBOA acceptable to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (LiveOne, Inc.)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower’s properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Change in Terms Agreement (Heritage Oaks Bancorp)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness Indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies levies, and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, that if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlesGAAP. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens liens, and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens liens, and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Citadel Holding Corp)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower notifies Lender of any such contested assessment, tax, charge, xxxx, xxxx or claim, and (iii) Borrower shall have established on its books adequate reserves as may be reasonably requested by Lender with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 1 contract

Samples: Borrower Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrower. Provided, profits; provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. BorrowerBxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Bxxxxxxx's properties, incomeIncome, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Loan Agreement (Bioanalytical Systems Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, taxlax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Revolving Credit Agreement (Leap Group Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower notifies Lender of any such contested assessment, tax, charge, xxxx, xxxx or claim, and (iii) Borrower shall have established on its books adequate reserves as may be reasonably requested by Xxxxxx with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. BorrowerXxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 1 contract

Samples: Borrower Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its the books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower’s properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Loan Agreement (Synergetics Usa Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, income or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlevy, xxxx or xx claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, taxlax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrowers properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Pinnacle Data Systems Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, . taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower’s properties, income, or profits of Borrower.profits,

Appears in 1 contract

Samples: Loan Agreement and Note (Nutech Digital Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, in and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. practices, Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

Taxes, Charges and Liens. Pay and discharge when due all xxx xxl of its indebtedness Indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessmentassessmenx, taxxxx, charge, xxxxlevy, xxxx lien or claim so long as (ia) the legality of the same shall be contested xxxxxxxxx in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will with furnish to Lender evidence of payment of pxxxxxx xf the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Loan Agreement (United Oilfield Services Inc)

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Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, attach and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally general accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and nd claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Discas Inc)

Taxes, Charges and Liens. Pay Borrower agrees to pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlesGAAP. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness Indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed Imposed upon Borrower or Its properties, incomeIncome, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if If unpaid, might become a lien or charge upon any of the Borrower's properties, incomeIncome, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlevy, xxxx lien or claim so long as ax (ix) the xxx legality of the same shall be contested in In good faith by appropriate proceedings, and (iib) Borrower shall have established on its Its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in In accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, incomeIncome, or profits of Borrowerprofits.

Appears in 1 contract

Samples: American Fire Retardant Corp

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or it properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become became a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlevy, xxxx lien or claim so long as ax (ix) the legality xxx Legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental government official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol First Corp)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower Purchaser or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Purchaser's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower Purchaser will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower Purchaser shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. BorrowerPurchaser, upon demand of LenderSelling Stockholder, will furnish to Lender Selling Stockholder evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender Selling Stockholder at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Purchasers properties, income, or profits of Borrower.profits. (i)

Appears in 1 contract

Samples: Stock Purchase Agreement (Medical Resource Companies of America)

Taxes, Charges and Liens. Pay Borrower shall pay and discharge when due all of its indebtedness and obligations, including in­cluding, without limitation limitation, all assessments, taxes, governmental governmen­tal charges, levies and liens, liens of every kind and nature, imposed upon Borrower or propertiesits proper­ties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the its properties, income, income or profits of Borrower. Providedprofits; provided, however, Borrower it will not be required to pay and discharge any such assessmentassess­ment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate appro­priate proceedings, and (iib) Borrower it shall have established on its books adequate ade­quate reserves with respect to such contested assessmentassess­ment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon Upon demand of Lender, it will furnish to Lender evidence of payment of the assessmentsas­sess­ments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental govern­mental official to deliver to Lender at any time a written statement of any assessments, taxes, chargeschar­ges, levies, liens and claims against propertiesits prop­erties, income, income or profits of Borrowerprofits.

Appears in 1 contract

Samples: Loan Agreement (Energy Services of America CORP)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, V0821 governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower Xxxxxxxx will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower notifies Lender of any such contested assessment, tax, charge, xxxx, xxxx or claim, and (iii) Borrower shall have established on its books adequate reserves as may be reasonably requested by Xxxxxx with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. BorrowerXxxxxxxx, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 1 contract

Samples: Borrower Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation limitations all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower’s properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, taxfax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens liens, and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens liens, and claims against Borrower’s properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Exactech Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, income, or profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower V0821 V0821 notifies Lender of any such contested assessment, tax, charge, xxxx, xxxx or claim, and (iii) Borrower shall have established on its books adequate reserves as may be reasonably requested by Lender with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits of Borrower.

Appears in 1 contract

Samples: Borrower Loan Agreement

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness Indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, . and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, . liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Astropower Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits of Borrowerprofits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the Borrower's properties, income, or profits of Borrowerprofits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxxlevy, xxxx or xx claim so long as (ia) the legality of the same shall be contested in good faith by appropriate proceedings, and (iib) Borrower shall have established on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principlespractices. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower's properties, income, or profits of Borrowerprofits.

Appears in 1 contract

Samples: Business Loan Agreement (Pods Inc)

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness indebted- ness and obligations, including without limitation all assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or properties, incomein- come, or profits profits of Borrower, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or charge upon any of the properties, income, or profits profits of Borrower. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, xxxx, xxxx or claim so long as (i) the legality of the same shall be contested in good faith by appropriate proceedings, and (ii) Borrower shall have established estab- lished on its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting principles. Borrower, upon demand of Lender, will furnish to Lender evidence of payment of the assessments, taxes, charges, levies, liens and claims and will authorize the appropriate governmental official official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against properties, income, or profits profits of Borrower.

Appears in 1 contract

Samples: Borrower Loan Agreement

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