Common use of Debt Payoff Clause in Contracts

Debt Payoff. The Company shall have paid off all outstanding debt for money borrowed and terminated all existing bank lines of credit.

Appears in 2 contracts

Sources: Merger Agreement (Messagemedia Inc), Merger Agreement (Softbank Holdings Inc Et Al)

Debt Payoff. The Company shall have paid off all outstanding debt for money borrowed and terminated all existing bank lines of creditborrowed.

Appears in 1 contract

Sources: Merger Agreement (Messagemedia Inc)