Creditor Agreements. At the Closing, each of Buyer and Seller agree to comply with all of their respective obligations and responsibilities under the agreements set forth on Schedule 5.14 hereto (the “Creditor Agreements”).
Creditor Agreements. The Company has entered into repayment arrangements reasonably satisfactory to the Placement Agent with significant creditors of the Company who would have a right to be paid from the proceeds of the Offering, but for such Creditor Agreements.
Creditor Agreements. The Company shall have delivered to Purchaser the Creditor Agreement, the form of which is attached hereto as Exhibit "A," executed by Txxxxx X. Xxxxx.
Creditor Agreements. Entry by the Company into payment agreements calling for amortization of outstanding past due obligations to the Company, plus a market rate of interest (without equity participation) on the following period (or longer) for each of the following creditors:
Creditor Agreements. 8.13 GEOS(R)License Agreement Amendment................................................................ 8.14
Creditor Agreements. Seller shall have agreements with a sufficient number of its creditors such that its total trade and accounts payable and other liabilities can be liquidated by the payment of not more than 75,000 Common Shares of Compu-DAWN in the aggregate.
Creditor Agreements. The Creditor Agreements shall have been duly executed and delivered in form and substance reasonably satisfactory to the Company and Z/C in their reasonable discretion.
Creditor Agreements. In order to effect this subordination, each Creditor hereby:
Creditor Agreements. (a) Each of CSDC and Manager agree that it shall not, after the date hereof, without the prior written consent of Bank, which shall not be unreasonably withheld or delayed, amend, renew, extend, restate or otherwise modify in any manner their respective Creditor Agreements or the Hotel Lease to which it is a party, except, subject to the limitations of Section 7.15, CSDC may amend the CSDC Loan Agreements as requested by HUD.
Creditor Agreements. Seller has obtained and delivered to Buyer written agreements in form acceptable to Buyer from Seller’s creditors holding in aggregate not less than 85% of Seller’s outstanding debt, pursuant to which such creditors agree to the amount of their debt against Seller (the “Creditor Settlement Amounts”) and agree to provide Buyer, upon payment of the applicable Creditor Settlement Amounts out of the Escrow Account, with a full recordable release of liens and claims in form acceptable to Buyer of any and all liens and claims against the Assets held by such creditors (the “Creditor Releases”);
