Common use of Before Completion Clause in Contracts

Before Completion. USG must (except where this Agreement expressly permits such loans to remain outstanding): (i) identify all existing loans between a USG Group Member and a USG Contributed Entity; and (ii) procure that all payments are made and such other actions are taken as may be necessary to ensure the payment in full of loan balances between any USG Group Members on the one hand and any USG Contributed Entities on the other hand (or that the relevant loan balances are capitalised provided that no additional shares are issued by the USG Contributed Entities whose shares are USG Contributed Shares).

Appears in 2 contracts

Sources: Share Sale and Subscription Agreement (Usg Corp), Share Sale and Subscription Agreement (Usg Corp)