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

PAYMENT OF INDEBTEDNESS BY RELATED PERSONS. Company shall cause all indebtedness owed to Company by any Company Shareholder or Affiliate to be paid in full before the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Goldleaf Financial Solutions Inc.), Agreement and Plan of Merger (Geisel Brian R)

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

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Aduddell Industries Inc), Agreement and Plan of Merger (Aduddell Industries Inc)

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