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, 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 Borrower’s properties, income, or profits. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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.
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 Purchaser or its properties, income, or profits, 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 Borrower’s Purchaser's properties, income, or profits. Provided, Provided however, Borrower Purchaser will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower Purchaser shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting practices. 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 Borrower’s Purchasers properties, income, or profits.
Appears in 1 contract
Samples: Stock Purchase Agreement (Medical Resource Companies of America)
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, 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 Borrower’s properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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.,
Appears in 1 contract
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, 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 Borrower’s properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, taxfax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting practices. 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.
Appears in 1 contract
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 it properties, income, or profits, 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 Borrower’s 's properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxlevy, xxxx lien or claim so long as ax (ax) the legality xxx Legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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 government official to deliver to Lender at any time a written statement of any assessments, taxes, charges, levies, liens and claims against Borrower’s 's properties, income, or profits.
Appears in 1 contract
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, 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 Borrower’s 's properties, income, or profits. Provided, ; provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting practicesprinciples. 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 Borrower’s Bxxxxxxx's properties, incomeIncome, or profits.
Appears in 1 contract
Samples: Business Loan Agreement (Bioanalytical Systems Inc)
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 Its properties, incomeIncome, or profits, 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 Borrower’s 's properties, incomeIncome, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxlevy, xxxx lien or claim so long as ax (ax) the xxx legality of the same shall be contested in In good faith by appropriate proceedings, and (b) Borrower shall have established on the Its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in In accordance with generally accepted accounting 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 's properties, incomeIncome, or profits.
Appears in 1 contract
Samples: Business Loan Agreement (American Fire Retardant 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 levies, and liens, of every kind and nature, imposed upon Borrower or its properties, income, or profits, 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 Borrower’s 's properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting practicesGAAP. 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 's properties, income, or profits.
Appears in 1 contract
Samples: Line of Credit 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 its properties, income, or profits, 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 Borrower’s 's properties, income, or profits. Provided, however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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 's properties, income, or profits.
Appears in 1 contract
Samples: Loan Agreement (Labor Ready 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, 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 Borrower’s properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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.
Appears in 1 contract
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, 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 Borrower’s 's properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, taxlax, charge, levy, lien, or claim in accordance with generally accepted accounting 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 's properties, income, or profits.
Appears in 1 contract
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, 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 Borrower’s 's properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxxxxx, xxxx or claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally general accepted accounting practices. 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 's properties, income, or profits.
Appears in 1 contract
Samples: Business Loan Agreement (Discas 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, 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 Borrower’s 's properties, income, or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxlevy, xxxx or xx claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, tax, charge, levy, lien, or claim in accordance with generally accepted accounting 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 's properties, income, or profits.
Appears in 1 contract
Samples: Business Loan Agreement (Pods 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, 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 Borrower’s 's properties, income, income or profits. Provided, Provided however, Borrower will not be required to pay and discharge any such assessment, tax, charge, lxxxlevy, xxxx or xx claim so long as (a) the legality of the same shall be contested in good faith by appropriate proceedings, and (b) Borrower shall have established on the its books adequate reserves with respect to such contested assessment, taxlax, charge, levy, lien, or claim in accordance with generally accepted accounting 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 Borrowers properties, income, or profits.
Appears in 1 contract
Samples: Business Loan Agreement (Pinnacle Data Systems Inc)