Payment of Obligations

Example Definitions of "Payment of Obligations"
Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries to, pay, discharge or otherwise satisfy as the same shall become due and payable, all of its obligations and liabilities, including Tax liabilities, except unless (a) obligations and liabilities, including Tax liabilities that the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary, (b) Tax liabilities... that are being paid in accordance with the 2023 IRS Payment Plan, or except (c) to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect. View More
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