Indebtedness to Affiliates. The Maker shall not, and shall not permit any Subsidiary to, make any payment on any indebtedness owed to officers, directors or Affiliates, except for reimbursements of reasonable and typical business expenses.
Indebtedness to Affiliates. The Maker shall not, and shall not permit any Guarantor to, make any payment on any indebtedness owed to officers, directors or Affiliates, or any indebtedness described on Schedule 2.1(k) of the Purchase Agreement.
Indebtedness to Affiliates. Except as described in the SEC Reports, the Company does not have any indebtedness to any officer, director, 5% stockholder or other Affiliate (as defined in Rule 405 of the Rules and Regulations of the Commission under the 0000 Xxx) of the Company.
Indebtedness to Affiliates. Other than intercompany loans between and among the Borrowers, and except as set forth on Schedule 7.0 hereto, there are no outstanding loans from any Affiliate to any Borrower, or from any Borrower to any Affiliate.
Indebtedness to Affiliates. The Company shall not make any payment on any Indebtedness owed to its officers, directors or affiliates until all aggregate principal amount and accrued but unpaid interest on the Notes has been repaid to the Purchasers, except to the extent that such Indebtedness is owed by the Company to its officers, directors or affiliates holding Notes purchased in the Offering.
Indebtedness to Affiliates. As of the Closing Date, there shall be no indebtedness of the Company to any affiliate, and the promissory note in the approximate amount of $591,000 of the Company to Xxxxx shall have been cancelled.
Indebtedness to Affiliates. 29 4.23 Agents.......................................................................................29 4.24
Indebtedness to Affiliates. Except as set forth on Schedule 4.22 and except as provided in Section 7.9, as of the Closing and, following the Closing Date, no Target will be liable for any Indebtedness owed to any Seller or any Affiliate thereof. Additionally, except as set forth on Schedule 4.22, no present or former employee or officer of a Target has any Indebtedness, including accrued interest, owed to any Target.
Indebtedness to Affiliates. Except for payments made to Platinum (to the extent Platinum may, at any time, be deemed an Affiliate), payments made to the Lenders in respect of the Transaction Documents, and except as set forth on Schedule 3.27 hereof, the Company shall not, and shall not permit any Subsidiary to, make any payment on any Indebtedness owed to officers, directors or Affiliates (as defined in Rule 405 promulgated under the Securities Act, 17 C.F.R. §230.405).
Indebtedness to Affiliates. Convertible Notes Original Principal Holder Maturity Date Interest Rate Conversion Price Amount Lxxxxx Xxxxxxx July 3, 2015 10 % $ 0.10 $ 152,500 Dxx Xxxxxxx July 3, 2015 10 % $ 0.10 $ 10,000 Lxxxxx Xxxxxxx 11/1/2013 10 % $ 0.10 $ 25,000 Dxx Xxxxxxx 11/1/2013 10 % $ 0.10 $ 25,000 Other Notes Original Principal Payee Amount Comments C Lxxxxx Xxxxxxx: $ 31,373 Note due Sept. 2013 Please see the items set forth on Schedule 2.1(i), Schedule 2.1(k) and Schedule 2.1(v) to the Note and Warrant Purchase Agreement dated July 3, 2013.
