Common use of Payment of Debts Clause in Contracts

Payment of Debts. Except for those liabilities assumed by Buyer pursuant to Section 2.3, Seller has made adequate provisions for payments of the amount due to its creditors and shall pay the same at Closing or pursuant to their existing terms on or before the Closing.

Appears in 17 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement (Alliance MMA, Inc.)

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Payment of Debts. Except for those liabilities assumed by Buyer pursuant to Section 2.3, Seller has made adequate provisions for payments of the amount amounts due to its creditors and shall pay the same in full at Closing or pursuant to their existing terms on or before the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Alliance MMA, Inc.), Asset Purchase Agreement (Alliance MMA, Inc.)

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Payment of Debts. Except for those liabilities assumed by Buyer pursuant to Section 2.3, Seller has made adequate provisions for payments of the amount due to its creditors and shall pay the same in full at Closing or pursuant to their existing terms on or before the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alliance MMA, Inc.)

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