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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Performance
of
Obligations
Pay and discharge
promptly when due, and cause
each Subsidiary so to do, all lawful Indebtedness, obligations and claims for
labor, materials and supplies or otherwise which, if unpaid, could reasonably
be
expected to (a) have a Material Adverse effect, or (b) become a Lien on the
Property of the Borrower or any Subsidiary, except those Liens permitted under
Section 8.2, provided
that neither
the Borrower nor such Subsidiary shall be required to pay or discharge or cause
to be paid or discharged any such Indebtedness, obligation or claim so long
as
(i) the validity thereof shall be contested in good faith and by appropriate
proceedings diligently conducted by the Borrower or such Subsidiary, and (ii)
such reserve or other appropriate provision as shall be required by GAAP shall
have been made therefor.
7.5 |
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