Payment of Taxes and Assessments. Debtor will pay prior to delinquency all taxes and assessments assessed against, levied upon or placed against the Collateral, other than taxes and assessments being contested in good faith and by appropriate proceedings, and for which adequate reserves are maintained on the books of the Debtor in accordance with GAAP.
Appears in 5 contracts
Samples: Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut)
Payment of Taxes and Assessments. Debtor Borrower will pay prior to delinquency all taxes and assessments assessed against, levied upon or placed against the Collateral, other than taxes and assessments being contested in good faith and by appropriate proceedings, proceedings and for which adequate reserves are maintained on the books of the Debtor Borrower in accordance with GAAP.
Appears in 2 contracts
Samples: Loan Agreement (Caldera International Inc/Ut), Loan Agreement (Caldera International Inc/Ut)
Payment of Taxes and Assessments. Debtor will pay prior to -------------------------------- delinquency all taxes and assessments assessed against, levied upon or placed against the Collateral, other than taxes and assessments being contested in good faith and by appropriate proceedings, and for which adequate reserves are maintained on the books of the Debtor in accordance with GAAP.
Appears in 1 contract
Samples: Security Agreement (Tarantella Inc)
