No Outstanding Obligations. The Parties hereby mutually agree and acknowledge that on the Effective Date and upon satisfaction of the Termination Conditions, each Party will have received all payments due from the other Party under the Agreement, and there will be no other outstanding obligations or liabilities under the Agreement or the Voluntary Commitment Agreement, except as provided in Sections 5 and 9 hereof.
No Outstanding Obligations. Each of the Existing Shareholders further acknowledge and covenant in favour of the Company and the Investors that they have no actual or contingent entitlement to the issue of further Securities (whether pursuant to any option, ratchet or similar agreement with the Company) and that the Company does not owe them any money.
No Outstanding Obligations. The Employee hereby represents and warrants that: (a) the Employee’s performance of the terms of this Agreement and as an employee of the Company will not breach any confidentiality or other agreement that the Employee entered into with former employers or other entities, and (b) the Employee is not bound by any agreement, either oral or written, that conflicts with this Agreement.
No Outstanding Obligations. All debts, liabilities, and obligations of Seller arising out of the construction, ownership, and operation of the Property including, but not limited to, construction costs, salaries, taxes, accounts payable and the like, have been paid as they became due and payable and shall continue to be so paid from the date hereof until the Closing Date. No debts, liabilities, claims, or obligations (whether known or unknown, accrued, absolute, contingent, or otherwise) shall be outstanding as of the Closing Date.
No Outstanding Obligations. 10 5.23 Access..................................................... 11 5.24
No Outstanding Obligations. Executive hereby represents and warrants that: (a) Executive’s employment by Company and his performance of the terms of this Non-Compete Agreement will not breach any confidentiality or other agreement that Executive entered into with former employers or other entities, and (b) Executive is not bound by any agreement, either oral or written, that conflicts with this Non-Compete Agreement.
No Outstanding Obligations. All debts, liabilities, and obligations of Seller arising out of the construction, ownership, and operation of the Property including, but not limited to, construction costs, salaries, taxes, accounts payable and the like (collectively, the foregoing are hereinafter referred to as “Obligations”), have been paid as they became due and payable and shall continue to be so paid from the date hereof until the Closing Date except (i) for Obligations arising or incurred in the ordinary course of business consistent with past practices and that are not yet delinquent or can be paid without penalty or are being contested in good faith and by appropriate proceedings in respect thereof, (iii) current taxes that are not yet due and payable, and (iv) Obligations arising under the Xxxxxx Contract to the extent the same are being withheld by Seller in accordance with the terms thereof. No Obligations (whether known or unknown, accrued, absolute, contingent, or otherwise) shall be outstanding as of the Closing Date.
No Outstanding Obligations. Provided no Obligations remain outstanding under the Revolving Loan and the Loan Documents, upon request of Borrowers, Administrative Agent shall make available to Borrowers any Collections, Proceeds and other funds received by Administrative Agent in connection with any Accounts for such uses that do not violate the terms of this Agreement and, until so used, shall be deposited into the Blocked Account or invested in Cash Equivalent Investments, which Cash Equivalent Investments shall be pledged to Administrative Agent and perfected in a manner reasonably acceptable to Administrative Agent.
No Outstanding Obligations. Employee herby represents and warrants that: (a) Employee’s performance of the terms of this Agreement and as an employee of Company will not breach any confidentiality or other agreement that Employee entered into with former employers or other entities, and (b) Employee is not bound by any agreement, either oral or written, that conflicts with this Agreement.
No Outstanding Obligations. Except for this Agreement, there are no outstanding or authorized preemptive rights, options, outstanding subscriptions, warrants, conversion rights or other rights, securities, agreements or commitments obligating Seller to sell or otherwise dispose of the Project, or any securities or obligations convertible into, or exercisable or exchangeable for, ownership interests in the Project.
