Common use of Tax Lien Clause in Contracts

Tax Lien. Borrower or Pledgor shall have a federal or state tax lien filed against any of its properties.

Appears in 2 contracts

Sources: Pledge Agreement (Seair Group Inc), Note Purchase Agreement (Obsidian Enterprises Inc)

Tax Lien. Borrower or Pledgor shall have a federal or state tax lien filed against any of its properties.properties which the Borrower and/or Pledgor is not contesting in good faith

Appears in 1 contract

Sources: Note Purchase Agreement (Obsidian Enterprises Inc)