Common use of Payment of Indebtedness Clause in Contracts

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 17 contracts

Sources: Loan Agreement, Loan Agreement (CNL Healthcare Properties II, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 8 contracts

Sources: Loan Agreement (Ensign Group, Inc), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Advocat Inc)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and and/or collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 6 contracts

Sources: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Loan Agreement (CNL Retirement Properties Inc)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by the Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of the Borrower has been effectively stayed and for which reserves and collateral adequate for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretionestablished.

Appears in 2 contracts

Sources: Loan Agreement (Medcath Inc), Loan Agreement (Boddie Noell Properties Inc)

Payment of Indebtedness. Duly Borrower shall duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those Persons other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and or other collateral for the payment and security security, as the case may be, thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 2 contracts

Sources: Loan Agreement (Lowell Farms Inc.), Loan Agreement

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower Borrowers in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower Borrowers has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 2 contracts

Sources: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Mezzanine Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Mezzanine Lender in its sole commercially reasonable discretion.

Appears in 2 contracts

Sources: Mezzanine Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 1 contract

Sources: Loan Agreement (Sunrise Senior Living Inc)

Payment of Indebtedness. Duly Borrower shall duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by the Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties collateral of the Borrower has have been effectively stayed and for which reserves and collateral adequate for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretionestablished.

Appears in 1 contract

Sources: Term Loan Agreement (Cyanotech Corp)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness indebtedness now owing or hereafter incurred by the Borrower in accordance with the terms of such Indebtednessindebtedness, except such Indebtedness owing to those other than Lender Borrower which is being contested in good faith and with respect to which any execution against properties of the Borrower has been effectively stayed and for which reserves and collateral adequate for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretionestablished.

Appears in 1 contract

Sources: Credit Agreement (Infinity Property & Casualty Corp)

Payment of Indebtedness. Duly Borrower shall duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties collateral of Borrower has have been effectively stayed and for which reserves and collateral adequate for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretionestablished.

Appears in 1 contract

Sources: Term Loan Agreement (Cyanotech Corp)

Payment of Indebtedness. Duly and punctually pay or cause to be paid all other Indebtedness now owing or hereafter incurred by Borrower Borrowers in accordance with the terms of such Indebtedness, except such Indebtedness owing to those other than Lender which is being contested in good faith and with respect to which any execution against properties of Borrower Borrowers has been effectively stayed and for which reserves and collateral for the payment and security thereof have been established in sufficient amounts as determined by Lender in its sole commercially reasonable discretion.

Appears in 1 contract

Sources: Loan Agreement (Emeritus Corp\wa\)