Payment of Preferred Claims. The Borrower shall, and shall cause its Subsidiaries to, from time to time pay when due or cause to be paid when due all material amounts related to wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which may result in a lien, charge, Security Interest or similar encumbrance against the assets of the Borrower or such Subsidiary arising under statute or regulation, except when and so long as the validity of any such material amounts or other obligations is being contested by the Borrower or its Subsidiaries by a Permitted Contest.
Payment of Preferred Claims. The Borrower shall, and the Borrower shall cause each of the Guarantors to, from time to time pay or cause to be paid, all amounts related to taxes, wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which may result in an Encumbrance against the assets of any Obligor arising under Applicable Law.
Payment of Preferred Claims. The Canadian Borrower shall, and shall cause its Subsidiaries to, from time to time pay when due or cause to be paid when due all amounts related to wages, workers' compensation obligations, government royalties or pension fund obligations and any other amount which may result in a lien, charge, Security Interest or similar encumbrance against the assets of the Canadian Borrower or such Subsidiary arising under statute or regulation, except when and so long as the validity of any such amounts or other obligations is being contested by the Canadian Borrower or its Subsidiaries by a Permitted Contest.
Payment of Preferred Claims. Pay, as and when due, any and all amounts which may result in a Lien on the Collateral under applicable Law (other than a Permitted Lien), whether or not such Lien is entitled to priority over the Liens in favour of Hydro under the Security Documents.
Payment of Preferred Claims. The Borrower shall, and shall cause TEC and the Subsidiaries of TEC to, from time to time pay when due or cause to be paid when due all material amounts related to wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which may result in a lien, charge, Security Interest or similar encumbrance against the assets of TEC or such Subsidiary arising under statute or regulation, except when and so long as the validity of any such material amounts or other obligations is being contested by TEC or its Subsidiaries by a Permitted Contest.
Payment of Preferred Claims. From time to time pay or cause to be paid all amounts (“Preferred Claims”) related to workers’ compensation obligations, source deductions, GST and HST remittances, pension fund obligations and all other amounts which, if unpaid, may result in an Encumbrance against the assets of the Borrower or a Guarantor arising under statute or regulation, except where (x) such amounts are being contested in good faith; and (y) reserves in conformity with GAAP with respect thereto, to the extent required, have been provided for in the Borrower’s financial statements.
Payment of Preferred Claims. The Issuer shall, and shall cause its Material Subsidiaries to, from time to time pay when due or cause to be paid when due all amounts related to wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which would or would reasonably be expected to result in a Lien or similar encumbrance against the assets of the Issuer or such Material Subsidiary arising under statute or regulation, except when and so long as the validity of any such amounts or other obligations is being contested by the Issuer or its Material Subsidiaries by a Permitted Contest.
Payment of Preferred Claims. Nexen shall, and shall cause its Restricted Subsidiaries to, from time to time pay when due or cause to be paid when due all material amounts related to wages, workers’ compensation obligations, government royalties or pension fund obligations and any other amount which, in any case, may result in a lien, charge or similar encumbrance (and which would not be a Permitted Encumbrance under subparagraphs (a) or (c) of the definition thereof) against the assets of Nexen or such Restricted Subsidiary arising under statute or regulation, except when and so long as the validity of any such amounts or other obligations is in good faith being contested by Nexen or its Restricted Subsidiaries and provided that they shall have established adequate reserves therefor (in accordance with GAAP) and such contestation would not have and would not reasonably be expected to have a Material Adverse Effect and will not result in forfeiture of any part of its assets which are material to Nexen and its Restricted Subsidiaries taken as a whole prior to the contestation of such validity being completed.
Payment of Preferred Claims. The Borrower shall, and shall cause each of its Subsidiaries to, from time to time, pay or cause to be paid all amounts related to taxes, wages, workers' compensation obligations, government royalties or pension fund obligations and any other amount which may result in a lien, charge or similar encumbrance against the assets of the Borrower or such Subsidiary arising under statute or regulation, except to the extent and for so long as the Borrower or any Subsidiary shall contest in good faith its obligation to do so, and such contestation would not reasonably be expected to have a Material Adverse Effect on the Borrower.
Payment of Preferred Claims. The Borrower shall, and shall cause each Subsidiary to pay or cause to be paid when due all amounts related to wages, workers' compensation obligations, government royalties or pension fund obligations and any other amount which may result in a Lien against the assets of any Credit Party arising under Applicable Law except when and so long as such amounts are in good faith being contested by a Credit Party and for which adequate reserves are being maintained and the aggregate total sum of all such amounts does not exceed Cdn. $25,000,000 (or the Equivalent Amount in foreign currency or currencies).
