Debt Settlement. Debt settlement actions for Economic Opportunity Co- operative loans must be handled under the Federal Claims Collection Act; pro- posals will be submitted to the Na- tional Office for review and approval. § 1951.232 Water and waste disposal systems which have become part of an urban area. A water and/or waste disposal system serving an area which was formerly a rural area as defined in § 1942.17(b)(2)(iii) and (iv) of subpart A of part 1942 of this chapter, but which has become in its entirety part of an urban area, will be serviced in accord- ance with this section.
Debt Settlement. 1.01 The Company will pay and satisfy the Debt by issuing the Shares to the Creditor at a deemed price of US$0.025 per share for an aggregate amount equal to the Debt payable on October 1, 2003.
Debt Settlement. (i) After Closing, GGRI shall cause the debt in the approximate amount of $60,000 due and owing to that certain creditor (the “Creditor”), as reflected on the financial statements of GGRI as of September 30, 2011 (the “$60,000 Debt”) to be settled by issuance to the Creditor and/or his designee an aggregate of 25,000,000 shares of common stock. (ii) Pursuant to the ORE Acquisition Agreement, GGRI agreed within ninety days after closing of that transaction, to cause the debt in the approximate amount of $152,000 due and owing to Xxxxxxxxx Xxxxxxxxx (“Jovanovic”), as reflected on the financial statements of GGRI as of September 30, 2011 (the “Jovanovic Debt”) to be settled by payment to Jovanovic. Despite the rescission of the ORE Acquisition Agreement, the obligations of GGRI in respect of the payments of the Jovanovic Debt set out in the ORE Acquistion Agreement shall be satisfied by virtue of this agreement.
Debt Settlement. DEBT SETTLEMENT AGREEMENT Effective Date: , 20 This Agreement is for the negotiation and compromise of a debt under the following terms and conditions: The Parties. with a mailing address of , City of , State of shall be known as the “Creditor”. This is usually in the case when an individual wants to make a final payment for a debt that is owed. When mentioned jointly shall be known as the “Parties”. with a mailing address of , City of , State of shall be known as the “Debtor”. If the Creditor is a Business Entity, then an individual who is authorized by that Business Entity to sign this document on its behalf must sign his or her Name. This is the amount of money the Debtor has agreed to Pay in the manner defined here in exchange for the Creditor’s debt forgiveness. Through the mutual interest of the Parties, they agree that this outstanding debt shall be marked as paid if Debtor shall make payment of $ by , 20 . Mark the “Check,” “Bank Wire,” “Certified Check,” or “Cash” checkbox to indicate how the Debtor must pay the creditor. Record the Legal Name of the Creditor on the first blank space in the first paragraph. The debtor offers a payment that is less than the outstanding due (usually between 50% to 70%) if the payment can be made immediately. That is, the party that holds the debt. After Payment – After the last payment is complete the Creditor will agree to remove all harmful postings from the Debtor’s credit report. Download it using one of the three buttons presented on this page to choose the format you prefer (Adobe PDF, Microsoft Word (.docx), or Open Document Text (.odt)) 2 – Produce The Requested Information Several pieces of information will need be needed to balance the wording in this Agreement. On the blank line after that, record the Two-Digit Calendar Year for this Date.The next area requiring attention will be “XII. A series of checkboxes have been provided so this may be done efficiently. It is understood amongst the Parties that the Debtor has an outstanding debt with the Creditor. First, we will identify the Creditor. If none of these define how this the Settlement Amount must be paid, then mark the “Other” checkbox and report the Payment Instructions the Creditor expects the Debtor to follow when submitting the required payment.The next sentence in this item will seek to solidify the Date when the Creditor must receive the Settlement Amount from the Debtor. Then, using the second blank line, document the Creditor’s Street Address. ...
Debt Settlement. 1.01 Issuing the Common Stock to the Creditor at a deemed price of US$1.37 per share for an aggregate amount equal to the Debt payable on September 30th, 2005. The Common stock will be issued in reliance upon the exemption from securities registration pursuant to Section 4(2) and/or Regulation S promulgated by the U.S. Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “1933 Act”).
Debt Settlement. 1.01 Issuing the Common Stock to the Creditor at a deemed price of US$ 0.50 per share for an aggregate amount equal to Three Hundred and Sixty Three Thousand Eight Hundred and Twenty Two United States Dollars (US $363,822). The Common stock will be issued in reliance upon the exemption from securities registration pursuant to Section 4(2) and/or Regulation S promulgated by the U.S. Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “1933 Act”). The certificates representing the Common Stock will bear legends in substantially the following form: 39 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) OR OTHER APPLICABLE SECURITIES LAWS. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) IN ACCORDANCE WITH THE PROVISIONS OF REGULATIONS S, RULE 901 THROUGH RULE 905, AND PRELIMINARY NOTES UNDER THE 1933 ACT OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE1933 ACT.”
Debt Settlement. Except as set forth in the TNTY Disclosure Letter, all outstanding debt obligations of TNTY have been converted to equity in TNTY. The transactions contemplated by this Section 6 are sometimes referred to as the “Debt Settlement”.
Debt Settlement. As part of the Transaction, immediately prior to the Closing Date, Xxxx will complete a debt settlement with its principal creditor in the amount of up to $175,000 by way of issuance of an aggregate of up to 1,842,105 Loon Shares at a price of $0.095 per Loon Share (the “Debt Settlement”).
Debt Settlement. 1.1 As of January 16, 2007, the undersigned (the "Subscriber") has advanced an aggregate amount of US$1,451,322.60 to the Company through an oral, unsecured and non-interest bearing loan agreement which has no fixed terms of repayment (the "Loan").
Debt Settlement. On 18 February 2021, the Company, the Provisional Liquidators and Secured Creditor A entered into Debt Settlement Agreement A, pursuant to which Secured Creditor A shall release and discharge the BC Collateral held by it, and all claims, rights and interests against the Company and certain Group companies with effect from the Completion.
