Creditors definition
Examples of Creditors in a sentence
The Parties hereby further acknowledge and agree that the Conversion shall fully satisfy all of the obligations of VeeaSystems to the Creditors with respect to payment of the Outstanding Amounts, no other term of the Lease Agreements shall be deemed amended or modified in any respect by this Agreement and the Lease Agreements shall continue in full force and effect.
Nothing contained in this Agreement, and no action taken by any Creditor pursuant hereto, shall be deemed to constitute any of the Creditors together as a partnership, association, joint venture or any other kind of entity, or create a presumption that any of the Creditors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement.
Each Creditor shall execute and deliver to the Company any and all additional documents reasonably required by the Company or its counsel as shall be required for the issuance of the shares of Preferred Stock to the Creditors in connection with the Conversion.
The Company will provide a draft of the Registration Statement to the Creditors for review reasonably in advance of filing the Registration Statement.
During the pendency of the Chapter 11 Cases, the Buyer shall be entitled to disclose the terms of this Agreement to the Bankruptcy Court, the Office of the United States Trustee, and on a professional eyes-only basis to counsel and advisors to the Official Committee of Unsecured Creditors and to counsel and advisors to the lenders under the debtor-in-possession financing on a “professional eyes only basis”.