Common use of Payments at Closing Clause in Contracts

Payments at Closing. On or before the Closing Date, the Company shall pay and discharge all outstanding liabilities (collectively, “Company Liabilities”). Such payments shall be made utilizing cash on hand on the Closing Date and the Purchase Price. Giving effect to these payments, it is the parties’ intent that the Company shall, on the Closing Date and as of the Closing, have no liabilities and no assets.

Payments at Closing. On or before the Closing Date, the Company shall pay and discharge all outstanding liabilities (collectively, “Company Liabilities”). Such payments shall be made utilizing cash on hand on the Closing Date and the Purchase Price. Giving effect to these payments, it is the partiesParties’ intent that the Company shall, on the Closing Date and as of the Closing, have no liabilities and no assets.

Payments at Closing. On or before the Closing Date, the Company shall pay and discharge all outstanding liabilities liabilities, including any outstanding loans payable to Current Record Stockholders (collectively, “"Company Liabilities”"). Such payments shall be made utilizing cash on hand on the Closing Date and the Purchase Price. Giving effect to these payments, it is the parties’ ' intent that the Company shall, on the Closing Date and as of the Closing, have no liabilities and no assets, other than $10,000.00 in cash.

Payments at Closing. On or before the Closing Date, the Company shall pay and discharge all outstanding liabilities liabilities, including any outstanding loans payable to Current Record Stockholders (collectively, “"Company Liabilities”"). Such payments shall be made utilizing cash on hand on the Closing Date and the Purchase Price. Giving effect to these payments, it is the parties’ parties intent that the Company shall, on the Closing Date and as of the Closing, have no liabilities and no assets, other than $10,000.00 in cash.