Common use of Payment of Indebtedness and Leasehold Obligations Clause in Contracts

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practices) all its obligations and liabilities of whatever nature, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 6 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

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Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 6 contracts

Samples: Credit and Security Agreement (Virco MFG Corporation), Security Agreement (Asv Holdings, Inc.), Security Agreement (A.S.V., LLC)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effecteffect except where failure to do so could not reasonably be expected to result in a Material Adverse Effect or when the amount or validity thereof is being Properly Contested.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Second Lien Credit Agreement (Great Lakes Dredge & Dock CORP)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.)

Payment of Indebtedness and Leasehold Obligations. PayBorrowers shall pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect, and shall otherwise comply, in all material respects, with all other terms of such leases and use its commercially reasonable efforts to keep them in full force and effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Sunshine Silver Mining & Refining Corp), Term Loan Agreement (Sunshine Silver Mining & Refining Corp)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods andperiods, in the case of the trade payables, to normal payment practices) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have result in a Material Adverse Effect Change or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effecteffect except where the failure to do so could not reasonably be expected to result in a Material Adverse Change or when the amount or validity thereof is currently being Properly Contested.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect, in each case except when the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.effect subject to expiration of such lease or termination of thereof by a Loan Party or any Subsidiary thereof. 136

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect. 6.8.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effecteffect subject to expiration of such lease or termination of thereof by a Loan Party or any Subsidiary thereof.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders Cash Collateral Providers and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect. 6.8.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)

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Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect. Pay in full, in cash, all amounts when due and payable under the Stay of Enforcement Agreement.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Universal Logistics Holdings, Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could would not reasonably be expected to have a Material Adverse Effect be material and adverse to any Loan Party or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases of real property under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 1 contract

Samples: Credit and Security Agreement (Invacare Corp)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effecteffect except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested.

Appears in 1 contract

Samples: Security Agreement (Ampco Pittsburgh Corp)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material 102 Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 1 contract

Samples: Security Agreement (Mammoth Energy Services, Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 1 contract

Samples: Security Agreement (Babcock & Wilcox Enterprises, Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (ai) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders Subordination Agreement or the Intercreditor Agreement, and (bii) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 1 contract

Samples: Security Agreement (Quality Gold Holdings, Inc.)

Payment of Indebtedness and Leasehold Obligations. Pay, discharge or otherwise satisfy (a) at or before maturity (subject, where applicable, to specified grace periods and, in the case of the trade payables, to normal payment practicesperiods) all its obligations and liabilities of whatever natureIndebtedness, except when the failure to do so could not reasonably be expected to have a Material Adverse Effect or when the amount or validity thereof is currently being Properly Contested, subject at all times to any applicable subordination arrangement in favor of Lenders Cash Collateral Providers and (b) when due its rental obligations under all material leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect.

Appears in 1 contract

Samples: And (Babcock & Wilcox Enterprises, Inc.)

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