Debt Restructure. If Buyer desires to place any mortgages on the Property Assets (other than the Assumed Debt), in order to facilitate a like-kind exchange, provided that such financing would not create adverse tax consequences for Seller, Seller shall on request of Buyer cooperate with Buyer and take reasonable steps to accommodate such request, including without limitation, execution of documents to accomplish the same, and assistance with the estoppels referenced in Section 9.6 provided that Seller shall have no liability for any such financing or by executing any such documents.
Debt Restructure. (i) The Company and Buyer have agreed to use a portion of the gross proceeds from the sale of the Units to restructure the existing debt of $450,000 in the Company’s subsidiary Hero Capital Profits Limited evidenced by that certain Series 2009 Secured Note dated September 9, 2009. $200,000 of the outstanding balance of $450,000 shall be exchanged for 2 Units and a cash payment of $75,000 which shall be disbursed from the US escrow account of Greentree Financial Group, Inc. on January 4, 2010. The balance of $175,000 shall remain on the books of the Company’s subsidiary Hero Capital Profits Limited and the Series 2009 Secured Note dated September 9, 2009, the Guaranty, Stock Pledge Agreement, Affidavits and Irrevocable Transfer Instructions shall all remain in effect. After Closing the balance of the Series 2009 Secured Note shall be $175,000 and the terms including interest and maturity date shall remain unchanged.
Debt Restructure. If Buyer desires to place any mortgages on the Property Assets, in order to facilitate a like-kind exchange, provided that such financing would not create adverse tax consequences for Seller, or interfere with Seller's obtaining the release of the Plymouth Mortgages, Seller shall on request of Buyer cooperate with Buyer and take reasonable steps to accommodate such request, including without limitation, execution of documents to accomplish the same, and assistance with the estoppels referenced in Section 9.6 provided that Seller shall have no liability for any such financing or by executing any such documents.
Debt Restructure. HPSIP and its affiliates shall have executed and delivered to Parent definitive financing agreements consistent with the form credit agreement made part of the Binding Commitment Letter.
Debt Restructure. In lieu of the requirements previously set forth in Section 1.1 of the Sixth Amendment, Borrower hereby covenants and agrees that:
Debt Restructure. The Parent and Subsidiary shall have entered into agreements for the terms for repayment or purchase of the debt due from Company to the Principal, Tricou Construction, Bon Aire Estates, Bon Aire Utility, Dxxxx Xxxxxx, Intercosmos and Jxxx Xxxxx, all on terms satisfactory to Parent and Subsidiary.
Debt Restructure. All action required in order to effect the restructure, modification and amendment of Beverly's indebtedness for borrowed money, as contemplated by Section 5.16(a), shall have been completed.
Debt Restructure. Subsequent to the Closing and the effective date of the amendment to the Artciels of Incorporation, BWI shall have renegotiated a total of $________ of the outstanding debt on the balance sheet of BWI (the “Convertible Debt”) by way of convertible notes, (the “Convertible Notes”) convertible into no more than 50,000,000 shares of common stock of BWI.
Debt Restructure. Anything contained in the Agreement to the contrary notwithstanding, the "Debt Restructure" (as defined in the Agreement) may, at PGP's election which may be made in PGP's sole and absolute discretion, consist of the following:
Debt Restructure. 22 6.6 Insurance................................................................... 23 6.7
