Outstanding Debt. CONTRACTOR shall have no outstanding debt with COUNTY, or shall be in the process of resolving outstanding debt to ADMINISTRATOR’s satisfaction, prior to entering into and during the term of this Agreement.
Outstanding Debt. Neither the Company nor any of its Subsidiaries has outstanding any Debt except as permitted by paragraph 6C(2). There exists no default under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.
Outstanding Debt. The Company does not have any material indebtedness incurred as the result of a direct borrowing of money, including, but not limited to, indebtedness with respect to trade accounts, except as set forth in Exhibit B. The Company is not in default in the payment of the principal of or interest or premium on any such indebtedness, and no event has occurred or is continuing under the provisions of any instrument, document or agreement evidencing or relating to any such indebtedness which with the lapse of time or the giving of notice, or both, would constitute an event of default thereunder.
Outstanding Debt. 15 CONTRACTOR shall have no outstanding debt with COUNTY, or shall be in the process 16 of resolving outstanding debt to ADMINISTRATOR’s satisfaction, prior to entering into and 17 during the term of this Agreement.
Outstanding Debt. Neither the Company nor any Subsidiary has any Debt outstanding except as permitted by paragraph 6B(2). There exists no payment default or other default in any material respect under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.
Outstanding Debt. The Company has no outstanding indebtedness for borrowed money except as reflected on the Financial Statements and is not a guarantor or otherwise contingently liable for any such indebtedness. There exists no default under the provisions of any instrument evidencing any indebtedness or otherwise or of any agreement relating thereto.
Outstanding Debt. Neither the Company nor any of its Subsidiaries has outstanding any Debt except as permitted by paragraph 6B. There exists no default under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.
Outstanding Debt. Except as set forth in the Schedule of Exceptions attached hereto as EXHIBIT "A" ("Schedule of Exceptions"), the Company has no outstanding indebtedness for borrowed money and is not a guarantor of any debt or obligation of another. There exists no default by the Company under the provisions of any agreement or other instrument evidencing or relating to any indebtedness or obligation.
Outstanding Debt. No Loan Party nor any Subsidiary has any Debt outstanding except as permitted by this Agreement.
Outstanding Debt. (i) Of Company to Affiliate, Director, Officer or Employee ●Dividend Payable to Director $187,500 ●Director Loan to Company $740,091 ●Liability to Affiliate $133,753
