CARRIER AGREEMENTS, CABLE AGREEMENTS, IRUS, LEASES, AND LICENSES Sample Clauses

CARRIER AGREEMENTS, CABLE AGREEMENTS, IRUS, LEASES, AND LICENSES. Pay when due all rents, royalties, and other amounts payable under any Carrier Agreements, Cable Agreements, IRUs, leases, or licenses to which any Obligor is a party or by which a material portion of any Obligor's properties and assets are bound, unless such payments are the subject of a Permitted Protest. To the extent that any Obligor fails timely to make payment of such rents, royalties, and other amounts payable when due under its Carrier Agreements, Cable Agreements, IRUs, leases, or licenses, Agent shall be entitled, in its discretion but without duplication of the Payables Reserve, to reserve an amount equal to such unpaid amounts against the Borrowing Base.
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