No Debts. Except as set forth on Schedule 3.20, at the Closing of this transaction, the Company shall have no outstanding debts or liabilities, absolute or contingent.
No Debts. Pledgor shall not permit or cause the Company to guaranty or become obligated for the debts of any other entity or person or hold itself out to be responsible for the debts of another entity or person, nor shall it cause or permit the Company to incur any indebtedness whatsoever, whether secured or unsecured, without Lender’s prior written consent.
No Debts. Without Lender’s prior written consent, the Borrower may not: (i) create, incur or permit or suffer to exist any indebtedness for borrowed money or any indebtedness, except for loans from Lender in excess of One Hundred and Twenty-Five Thousand and no/100 Dollars ($125,000.00), (ii) suffer or permit the Premises any other property, real or personal, tangible or intangible, now owned or hereafter acquired by it to be or become encumbered by any mortgage, security interest, financing statement or a lien of any kind or nature, except for those in favor of Lender, or as permitted hereunder.
No Debts. Developer is required to pay all fees, debts, judgments, penalties or other money due and owing the Village prior to or at closing on the Village Parcels. Developer must not be delinquent on payment of any Cook County real estate taxes on the properties owned by it within the Village. Closing may not take place unless all amounts due are satisfied.
No Debts. The Company will have as of the Closing no -------- outstanding debt or obligations whatsoever, including, but not limited to, any income, real or personal property taxes.
No Debts. There are no debts owed by Seller that will not be paid -------- prior to closing, except debts accruing through the date of closing and to be invoiced to Seller thereafter. As to all debts (except those expressly assumed by Buyer) owed by Seller in connection with its operation of the center through the effective closing date, Seller hereby agrees to promptly pay same and to hold Buyer harmless from any and all liability as to same. All debt accruing or incurred with Buyer through the Closing Date shall be paid at the Closing. As to all debts accruing or incurred in connection with the operation of the Center after the effective closing date, Buyer agrees to promptly pay same and to hold Seller harmless from any and all liability regarding same.
No Debts. Med-X and the Subsidiary will have immediately --------- after the Effective Date no outstanding debt or obligations whatsoever, including, but not limited to, any income, real or personal property taxes. At the Effective Date, Med-X, the Subsidiary, and the Med-X Controlling Stockholder shall deliver to Cranston all legal and accounting statements rendered to Med-X and the Subsidiary marked "paid."
No Debts. There are no debts owing by or to the Company other than debts which have arisen in the ordinary course of business nor has the Company lent any money which has not been repaid.
No Debts. There being no debts or amounts owing to Natcore by any of its officers, former officers, directors, former directors, shareholders, employees or former employees, or any family member thereof, or any person with whom Natcore does not deal with at arm’s length, other than amounts advanced to such person for expenses incurred on Natcore’s behalf in the ordinary course;
No Debts. There being no debts or amounts owing to Syracuse by any of its officers, former officers, directors, former directors, shareholders, employees or former employees, or any family member thereof, or any person with whom Syracuse does not deal with at arm’s length, other than amounts advanced to such person for expenses incurred on Syracuse’s behalf in the ordinary course;
