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

Payment of Indebtedness and Performance of Obligations. Pay and discharge when due, and cause each Subsidiary to pay and discharge, all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, might (i) have a Material Adverse Effect, or (ii) become a Lien upon Property of the Borrower or any Subsidiary other than a Permitted Lien, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be con- tested in good faith and by appropriate proceedings diligently conducted by it, and provided that the Borrower shall give the Agent prompt notice of any such contest and that such reserve or other appropriate provision as shall be required by the Accountants in accordance with GAAP shall have been made therefor.

Payment of Indebtedness and Performance of Obligations. Pay and discharge when due, and cause each Subsidiary of its Subsidiaries to pay and discharge, all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, might (i) have a Material Adverse Effect, or (ii) become a Lien upon Property of the Borrower any Credit Party or any Subsidiary of its Subsidiaries other than a Permitted Lien, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be con- tested contested in good faith and by appropriate proceedings diligently conducted by it, and further provided that the Borrower Credit Parties shall give the Agent prompt notice of any such contest and that such reserve or other appropriate provision as shall be required by the Accountants in accordance with GAAP shall have been made therefor.

Payment of Indebtedness and Performance of Obligations. Pay and discharge when due, and cause each Subsidiary of its Subsidiaries to pay and discharge, all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, might (i) could individually or collectively reasonably be expected to have a Material Adverse Effect, or (ii) become a Lien upon Property of the Borrower or any Subsidiary of its Subsidiaries other than a Permitted Lien, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be con- tested contested in good faith and by appropriate proceedings diligently conducted by it, and provided that the Borrower shall give the Agent prompt notice of any such contest and that such reserve or other appropriate provision as shall be required by the Accountants in accordance with GAAP shall have been made therefor.

Payment of Indebtedness and Performance of Obligations. Pay and discharge when due, and cause each Subsidiary to pay and discharge, all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, might (i) have a Material Adverse Effect, or (ii) become a Lien upon Property of the Borrower or any Subsidiary other than a Permitted Lien, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be con- tested contested in good faith and by appropriate proceedings diligently conducted by it, and provided that the Borrower shall give the Agent prompt notice of any such contest and that such reserve or other appropriate provision as shall be required by the Accountants in accordance with GAAP shall have been made therefor.

Payment of Indebtedness and Performance of Obligations. Pay and discharge when duedischarge, and cause each Subsidiary of its Subsidiaries to pay and discharge, when due all lawful Indebtedness, obligations and claims for labor, materials and supplies or otherwise which, if unpaid, might could reasonably be expected to (i) have a Material Adverse Effect, Effect or (ii) become a Lien upon Property of the Borrower Company or any such Subsidiary other than a Permitted Lien, unless and to the extent only that the validity of such Indebtedness, obligation or claim shall be con- tested contested in good faith and by appropriate proceedings diligently conducted by itthe Company or such Subsidiary, and provided further that the Borrower Company shall give the Agent prompt notice of any such contest and that such reserve or other appropriate provision as shall be required by the Accountants in accordance with GAAP shall have been made therefor.. 7.7