Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Surviving Corporation in full any outstanding indebtedness, if any, owed to the Company by them or their families.
Repayment of Debts. If, at the Time of Closing, the Corporation is indebted to the Vendor in an amount recorded on the books of the Corporation and verified by the Auditor or the Corporation’s accountant, the Corporation shall repay such amount to the Vendor at the Time of Closing. If, at the Time of Closing, the Vendor is indebted to the Corporation in an amount recorded on the books of the Corporation and verified by the Auditors or the Corporation’s Accountant, the Vendor shall repay such amount to the Corporation at the Time of Closing and, if the Vendor fails to make such repayment, the Purchaser shall be required to pay the amount of such indebtedness to the Corporation from the Purchase Price and the amount of the Purchase Price payable to the Vendor shall be reduced accordingly.
Repayment of Debts. If, at the time of closing, the Corporation is indebted to the Vendor in an amount recorded on the books of the Corporation and verified by the accountant of the Corporation, the Corporation shall repay such amount to the Vendor at the time of closing. If, at the time of closing, the Vendor is indebted to the Corporation in an amount recorded on the books of the Corporation and verified by the accountant of the Corporation, the Vendor shall repay such amount to the Corporation at the time of closing and, if the Vendor fails to make such repayment, the Purchaser shall be required to pay the amount of such indebtedness to the Corporation from the purchase price and the amount of the purchase price payable to the Vendor shall be reduced accordingly. The Purchaser shall also be required to deduct from the purchase price and remit to the Corporation any amounts to be paid to the Corporation on account of the Vendor's liability for Shareholder Loans or shareholder guarantees.
Repayment of Debts. 13.6 If, at the Time of Closing, the Partnership is indebted to the Vendor in an amount recorded on the books of the Partnership and verified by the Accountant, the Partnership shall repay such amount to the Vendor at the Time of Closing. If, at the Time of Closing, the Vendor is indebted to the Partnership in an amount recorded on the books of the Partnership and verified by the Accountant, the Vendor shall repay such amount to the Partnership at the Time of Closing and, if the Vendor fails to make such repayment, the Purchaser shall be required to pay the amount of such indebtedness to the Partnership from the Purchase Price and the amount of the Purchase Price payable to the Vendor shall be reduced accordingly.
Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Company or Purchaser in full any outstanding indebtedness, if any, owed to the Company by them or their families.
Repayment of Debts. 60 8.9 Releases..................................................................60 8.10 Spinoff...................................................................60 8.11
Repayment of Debts. At the Closing, all officers, directors, and Members of UCFI and the QV Employees shall repay in full any outstanding indebtedness owed to UCFI by them.
Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of MIOA and its Subsidiaries shall repay to the Surviving Corporation in full any outstanding indebtedness, if any, owed to MIOA and its Subsidiaries by them or their families, except for that certain outstanding indebtedness described on SCHEDULE 8.13 attached hereto.
Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of PHC shall repay to the Surviving Corporation in full any outstanding indebtedness, if any, owed to PHC and its subsidiaries by them or their families, except for that certain outstanding indebtedness described on SCHEDULE 9.11 attached hereto.
Repayment of Debts. 2.1 With respect to the Debts to RAE Beijing, the Debtor shall repay to RAE Beijing: (1) RMB 1,000,000 on the date hereof, (2) RMB 1,000,000 each calendar month from February 2011 (inclusive) to June 2011 (inclusive) on or before the 15th calendar day of each month, and (3) on or before July 15, 2011 all of the then outstanding amounts of the Debts to RAE Beijing.
