Payment of. Indebtedness Borrower shall pay, discharge or otherwise satisfy at or before maturity all of its material indebtedness (other than trade debt and accounts payable), except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided in the financial statements of the Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Headhunter Net Inc), Credit Agreement (Omnicom Group Inc)