Common use of PAYMENT OF INDEBTEDNESS BY RELATED PERSONS Clause in Contracts

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Shareholder will cause all indebtedness owed to the Company by the Shareholder or any related person of the Shareholder to be paid in full prior to Closing.

Appears in 3 contracts

Samples: Agreement and Plan (Transit Group Inc), Agreement and Plan of Reorganization (Transit Group Inc), Agreement and Plan (Transit Group Inc)

AutoNDA by SimpleDocs

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Shareholder Shareholders will cause all indebtedness owed to the Company by the any Shareholder or any related person Related Person of the any Shareholder to be paid in full prior to Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Packaged Ice Inc), Stock Purchase Agreement (United Stationers Supply Co)

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Shareholder Owners will cause all indebtedness owed to the Company by the Shareholder either Owner or any related person Related Person of the Shareholder either Owner to be paid in full prior to Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bell Microproducts Inc)

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the each Shareholder will cause all indebtedness owed to the Company Netect by the such Shareholder or any related person Related Person of the such Shareholder to be paid in full prior to Closing.

Appears in 1 contract

Samples: Share Purchase Agreement (Bindview Development Corp)

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Company or any Parent Shareholder will cause all indebtedness owed to the an Acquired Company by the Shareholder, the Parent Shareholders or any Related Person of the Shareholder or any related person of the Parent Shareholder to be paid in full prior to Closing.

Appears in 1 contract

Samples: Noncompetition Agreement (Dynamic Health Products Inc)

AutoNDA by SimpleDocs

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Shareholder Principal Shareholders will cause all indebtedness owed to the Company by the Shareholder or any related person Related Company by any Seller or any Related Person of the Shareholder any Seller to be paid in full prior to Closing.

Appears in 1 contract

Samples: Share Purchase and Contribution Agreement (Nordstrom Inc)

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Except as expressly provided in this Agreement, the Shareholder Shareholders will cause all indebtedness owed to the Company by the any Shareholder or any related person Related Person of the any Shareholder to be paid in full at or prior to Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Accel International Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.