Common use of Payment of Indebtedness Clause in Contracts

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Amount.

Appears in 24 contracts

Samples: Settlement and Subscription Agreement (Senergy Partners LLC), Settlement and Subscription Agreement (Maverick Minerals Corp), Settlement and Subscription Agreement (RVPlus Inc.)

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Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Settlement Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Settlement Amount.

Appears in 8 contracts

Samples: Settlement and Subscription Agreement (HCi Viocare), And Subscription Agreement (Rafina Innovations Inc.), Settlement and Subscription Agreement (HCi Viocare)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountAmounts.

Appears in 5 contracts

Samples: Private Placement Subscription Agreement (Digital Youth Network Corp.), Private Placement Subscription Agreement (Digital Youth Network Corp.), Private Placement Subscription Agreement (Voice Mobility International Inc)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountAmounts, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountAmounts.

Appears in 3 contracts

Samples: Settlement and Subscription Agreement (Bulldog Technologies Inc), Private Placement Subscription Agreement (Xten Networks, Inc), Settlement and Subscription Agreement (Bulldog Technologies Inc)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountAmount to the Subscriber, and as payment of the Subscription Proceeds to the Company, the Company will on the Closing Date (as defined herein) issue to the Subscriber the SharesUnits, as fully paid and non-assessable, and the Subscriber will accept the Shares Units as full and final payment of the Outstanding Amount.

Appears in 2 contracts

Samples: Private Placement Subscription Agreement (Intelimax Media Inc.), Settlement and Subscription Agreement (Intelimax Media Inc.)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountPast Services, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountPast Services.

Appears in 2 contracts

Samples: Private Placement Subscription Agreement (Pan American Gold Corp), Settlement and Subscription Agreement (Texola Energy Corp)

Payment of Indebtedness. 3.1 1.1 As full and final payment of the Outstanding Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountShares.

Appears in 1 contract

Samples: Debt Settlement Agreement (Nation Energy Inc)

Payment of Indebtedness. 3.1 1.1 As full and final payment of the Outstanding AmountIndebtedness, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Amount.

Appears in 1 contract

Samples: Debt Settlement Agreement (Naked Brand Group Inc.)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Settlement Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountSettled Debt.

Appears in 1 contract

Samples: Debt Settlement and Subscription Agreement (Eco Science Solutions, Inc.)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountAmount and accrued interest to the Subscriber, and as payment of the Subscription Proceeds, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Amount.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Coronado Corp.)

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Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountAmount to the Subscriber, and as payment of the Subscription Proceeds to the Company, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountAmount and in full and final satisfaction of the Loan.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Biopack Environmental Solutions Inc.)

Payment of Indebtedness. 3.1 (a) As full and final payment of the Outstanding AmountAllocated Amounts, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding AmountAllocated Amounts.

Appears in 1 contract

Samples: Subscription Agreement (Asia Broadband Inc)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber and/or its nominee the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Amount.

Appears in 1 contract

Samples: Settlement and Subscription Agreement (Senergy Partners LLC)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding Amount, the Company will on the Closing Date (as defined herein) issue to the Subscriber the SharesUnits, as fully paid and non-assessable, and the Subscriber will accept the Shares Units as full and final payment of the Outstanding AmountAmounts.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Digital Youth Network Corp.)

Payment of Indebtedness. 3.1 As full and final payment of the Outstanding AmountAmount to the Subscriber, and as payment of the Subscription Proceeds to the Company, the Company will on the Closing Date (as defined herein) issue to the Subscriber the Shares, as fully paid and non-assessable, and the Subscriber will accept the Shares as full and final payment of the Outstanding Amount.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Ecologic Transportation, Inc.)

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