Taxes and Other Assessments. The Company shall pay and discharge, and maintain adequate reserves for the payment and discharge of, all taxes, assessments, government charges or levies, or claims for labor, supplies, rent or other obligations made against it or its properties and assets which, if unpaid, might become a Lien against the Company, any Subsidiaries of the Company or their properties and assets, except liabilities which are being contested in good faith in appropriate proceedings or with respect to which the Company has made adequate provision or established adequate reserves, except that the Company shall pay all such taxes, assessments, government charges, levies or claims forthwith upon the commencement of proceedings to foreclose any Lien that may have attached as security therefor.
Appears in 6 contracts
Samples: Revolving Credit Agreement (Meditrust), Revolving Credit Agreement (Meditrust), Revolving Credit Agreement (Meditrust Corp)
