Payment of Creditors. Seller will maintain sufficient assets to pay, and will pay, all known undisputed amounts owing its creditors when due (other than in respect of obligations or liabilities assumed by Buyer under this Agreement).
Payment of Creditors. Within ninety (90) days of the Closing Date, each of the Sellers shall pay off entirely all of their respective creditors, except with respect to the Assumed Liabilities. In the event Buyer receives notice from any of Sellers' creditors that any debt not an Assumed Liability has not been paid off subsequent to the ninety (90) day period stated herein, Purchaser will notify the appropriate Seller and the Parent in writing, with sufficient detail as to the name of the Creditor and the amount due, and Seller and/or Parent will pay said creditor any amounts properly due and owing with five (5) business days of its receipt of said notice. Notwithstanding anything to the contrary contained herein, the Liability owing to Paragon Scientific Corporation shall not be subject to the payment terms contained herein, provided that the Sellers are actively pursuing a settlement with Paragon Scientific Corporation.
Payment of Creditors. (a) Contractor will promptly pay the claims of all:
Payment of Creditors. Buyer agrees to pay those assumed creditors that are currently represented by notes payable and to continue to make payment in accordance with the terms and conditions of said notes payable. As to other accounts payable assumed by the Buyer hereunder, the payments shall be made within terms, but in any event not later than sixty (60), unless otherwise agreed to by any creditor, days post-closing of the transaction. Buyer also agrees to pay any expenses necessary to assign the leases with respect to the diaper machines, the Optima bagger, fork-lifts, and the Manufacturing Property.
Payment of Creditors. 28 7.8 No Material Adverse Change....................................28
Payment of Creditors. The Seller shall have notified and paid, or provided for the payment or discharge, in full, of all creditors of the Seller as of the Closing Date and shall have provided to FBC at the Closing a list of such creditors, which list shall contain the name, address, claim and payment status of all such creditors.
Payment of Creditors. The main current features of this service are detailed below.
Payment of Creditors. Seller agrees to pay and discharge when due all claims of creditors of Seller that may be asserted against Buyer except with respect to the Assumed Liabilities.
