Taxes, Assessments and Liens. To pay when due all taxes, assessments, and liens with regard to the Collateral. Debtor may withhold any such payment or may elect to contest any lien if Debtor is conducting appropriate proceedings in good faith to contest the obligation to pay and so long as Secured Party's interest is not jeopardized.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Phototron Holdings, Inc.), Amended and Restated Security Agreement (American Tonerserv Corp.), Security Agreement (Phototron Holdings, Inc.)
Taxes, Assessments and Liens. To Debtor shall pay when due all taxes, assessments, and liens with regard to the Collateral. Debtor may withhold any such payment or may elect to contest any lien if Debtor is conducting appropriate proceedings in good faith to contest the obligation to pay and so long as Secured Party's interest is not jeopardized.
Appears in 2 contracts
Samples: Confidential Settlement Agreement (Ipg Photonics Corp), Confidential Settlement Agreement (Ipg Photonics Corp)
Taxes, Assessments and Liens. To Debtor shall pay when due all taxes, assessments, and liens with regard to the Collateral. Debtor may withhold any such payment or may elect to contest any lien if Debtor is conducting appropriate proceedings in good faith to contest the obligation to pay and so long as Secured Party's ’s interest is not jeopardized.
Appears in 2 contracts
Samples: Security Agreement (SMG Industries Inc.), Pledge Agreement (SMG Industries Inc.)
