Common use of Debt Repayment Clause in Contracts

Debt Repayment. VSUS itself shall pay to Amiram, in addition to the above stock sale proceeds, the sum of Forty Thousand U.S. Dollars ($40,000.00) in repayment of amounts which Amiram advanced to VSUS in November and December of 2004 for the payment of VSUS expenses such as employees' salaries. This amount is payable in immediately available funds, which shall be wired on the date hereof to the client funds' account of ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, LLP of Boston, Massachusetts on behalf of Amiram.

Appears in 2 contracts

Sources: Settlement Agreement (Vsus Technologies Inc), Settlement Agreement (Vsus Technologies Inc)