Common use of Treatment of Certain Indebtedness Clause in Contracts

Treatment of Certain Indebtedness. Seller shall, and shall cause its applicable Subsidiaries to, deliver all notices and take other actions required to facilitate (a) the termination of commitments in respect of the Indebtedness listed on Section 3.5(c) of the Seller Disclosure Letter at or prior to the Closing Date, (b) repayment in full of all obligations in respect of such Indebtedness at or prior to the Closing Date and (c) release of any Encumbrances and guarantees in connection therewith at or prior to the Closing Date.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Gulf Power Co), Stock Purchase Agreement (Nextera Energy Inc)

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Treatment of Certain Indebtedness. Seller shall, and shall cause its applicable Subsidiaries to, deliver all notices and take other actions required to facilitate (a) the termination of commitments in respect of the Indebtedness listed on Section 3.5(c) of the Seller Disclosure Letter Repayment Debt at or prior to the Closing Date, (b) repayment in full of all obligations in respect of such Indebtedness Repayment Debt at or prior to the Closing Date and (c) release of any Encumbrances and guarantees in connection therewith at or prior to the Closing Date.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Gulf Power Co), Stock Purchase Agreement (Nextera Energy Inc)

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Treatment of Certain Indebtedness. Seller shall, and shall cause its applicable Subsidiaries to, deliver all notices and take other actions required to facilitate (a) the termination of commitments in respect of the Indebtedness listed on Section 3.5(c) of the Seller Disclosure Letter Repayment Debt at or prior to the Closing Date, (b) repayment in full of all obligations in respect of such Indebtedness Repayment Debt at or prior to the Closing Date and (c) release of any Encumbrances and guarantees in connection therewith at or prior to the Closing Date.. 5.17

Appears in 1 contract

Samples: Stock Purchase Agreement

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