Payment of Certain Indebtedness. Except in the ordinary course of Business, pay, discharge or liquidate any outstanding indebtedness or incur any obligation not relating to the conduct of its business;
Payment of Certain Indebtedness. At the Effective Time, Parent shall cause all outstanding indebtedness incurred by the Inuvo and certain of its Subsidiaries under the Amended and Restated Business Finance Agreement, dated as of October 11, 2018, by and among Western Alliance Bank (f/k/a Bridge Bank, N.A.), as amended, supplemented, or otherwise supplemented from time to time, to be paid in full.
Payment of Certain Indebtedness. Cause each of the Borrower and ------------------------------- all Subsidiaries to pay, before the end of any applicable grace period, each tax, assessment, fee, charge, fine and penalty imposed by any government or political subdivision upon it or upon any of its assets, income and franchises and each claim and demand of any materialman, mechanic, carrier, warehouseman, garageman or landlord against it; provided, however, that no such tax, assessment, fee, charge, fine, penalty, claim or demand shall be required to be so paid so long as (i) the validity thereof is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, (ii) adequate reserves have been appropriately established therefor, (iii) the execution or other enforcement of any lien resulting therefrom is effectively stayed and (iv) the nonpayment thereof does not have any Material Adverse Effect;
Payment of Certain Indebtedness. Seller shall have presented Purchaser with evidence satisfactory to Purchaser that Seller has paid off the indebtedness identified on Schedule 1.3.1(a).
Payment of Certain Indebtedness. 32 13.3 Headings.......................................................................................32 13.4
Payment of Certain Indebtedness. Within thirty (30) days of the Closing, Buyer (or its successor) shall discharge in full certain indebtedness of the Company heretofore guaranteed by the Shareholders or any Shareholder and obtain a release of all such Shareholder's guaranties of such indebtedness provided that such indebtedness can be discharged without a penalty or other similar special charge. Buyer (or its successor) shall use reasonable commercial efforts to obtain the release of the Shareholders from any other guarantees of obligations of the Company as disclosed in the Disclosure Schedule.
Payment of Certain Indebtedness. The Company has (a) repaid in full all of the Indebtedness described on Schedule 8.03(b)(ii) and (b) obtained, and where applicable recorded in all appropriate locations, releases of liens for all real and personal property securing same.
Payment of Certain Indebtedness. (a) The Company will not, and will not permit any of its Subsidiaries to, purchase, redeem, retire or otherwise acquire for value, or set apart any money for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of, or make any voluntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of, any of the Existing Senior Subordinated Notes, except for regularly scheduled payments of interest in respect thereof required to be made pursuant to the terms thereof (and subject to the subordination provisions applicable thereto).
Payment of Certain Indebtedness. The Company shall have delivered to Purchaser evidence reasonably satisfactory to Purchaser that upon payment of the Indebtedness in respect of the Zions Bank Loan and the Credit Suisse Loan and Purchaser arranging for the backing up, assumption, collateralization, replacement, guaranty or substitution for, all outstanding and undrawn letters of credit issued under the Zions Bank Loan and Credit Suisse Loan, each at Closing, such Indebtedness and each of the Liens relating thereto shall be discharged and terminated.
Payment of Certain Indebtedness. At the Closing, PTAC shall pay, or cause to be paid, by wire transfer of immediately available funds, the Indebtedness in accordance with Section 2.3(b) of the Company Schedules pursuant to the payment instruments set forth in such Pay-Off Letters.
