Prevention of and release from arrest. Each Borrower shall promptly discharge (or, in the case of paragraph (a) below, shall provide evidence satisfactory to the Agent that such liabilities are being contested by that Borrower in good faith by appropriate steps and in respect of which appropriate reserves have been made):
Appears in 4 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Global Ship Lease, Inc.)