Examples of Existing Liabilities in a sentence
Under such circumstance, the Company shall provide the amount equal to the Existing Liabilities in cash from its internal resources to Frontier Rich Investment for the repayment of the Existing Liabilities before 30 September 2016.
As disclosed in the Announcement and pursuant to the terms and conditions of the Equity Transfer Agreement, the Vendor agreed to provide an interest-free loan in the principal amount of RMB650 million to Frontier Rich Investment (the “Loan”) by 27 September 2016 (the “Loan Provision Date”) to repay the Existing Liabilities of the Target Group.
Buyer owns the Buyer Assets free and clear of any Liens, other than any Existing Liabilities.
The Shareholders and Husbands shall indemnify, defend and hold Trans-Mex and Swift harmless from all such Existing Liabilities, of whatever nature, whether known or unknown, fixed or contingent, if any third party asserts or prosecutes a claim against Trans-Mex or Swift arising from any such Existing Liabilities subsequent to the Closing.
All of the cash and accounts receivable of Trans-Mex, shall be sold to an Affiliate controlled by the Shareholders or their Husbands and such transferee <PAGE> shall assume all of the existing liabilities of Trans-Mex as of the date of the Closing (the "Existing Liabilities").