Payment of Outstanding Debt. The Company shall have paid and discharged all Debt in excess of that permitted by paragraph 6C(2), including, without limitation, all Debt listed on Schedule I attached hereto except the items listed in Part B of Schedule I, and you shall have received such evidence as you may request to establish compliance with this condition.
Payment of Outstanding Debt. 3.1 As full and final payment of the Outstanding Debt, the Company will, on behalf of the Debtor, on the Closing Date (as defined herein):
Payment of Outstanding Debt. The Parties agree that if the Defendants do not breach this Agreement the Plaintiffs will accept $24,000.00 as payment in full (the "Settlement Amount"). Defendants agree to pay the Outstanding Obligation in full as follows:
Payment of Outstanding Debt. The closing under the Credit Agreement between the Company and First Union National Bank of North Carolina and the other banks signatory thereto shall have been consummated at or prior to the Closing and all indebtedness for borrowed money of the Company, other than that identified in Schedule 5.1(a)(xii), shall have been repaid in full.
Payment of Outstanding Debt. On or prior to the Closing Date, Rxxxxxxx will pay all Debt of Rxxxxxxx and its Subsidiaries such that Rxxxxxxx and its Subsidiaries will have no Debt as of the Effective Time, and will cause Rxxxxxxx and each of its Subsidiaries to be released from all liabilities or obligations that are secured by a Lien on any real or personal property that is owned by Rxxxxxxx or any of its Subsidiaries as of the Effective Time. "Debt” means, without duplication, (i) indebtedness of a Person for borrowed money, including the face amount of any letter of credit supporting the repayment of indebtedness for borrowed money issued for the account of such Person and obligations under letters of credit and agreements relating to the issuance of letters of credit or acceptance financing; (ii) obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; (iii) obligations of such Person to pay the deferred purchase price of property or services (including obligations that are non-recourse to the credit of such Person but are secured by the assets of such Person, but excluding trade accounts payable that are not past due or are contested by such Person in good faith); (iv) obligations of such Person as lessee under capital leases and obligations of such Person in respect of synthetic leases; (v) obligations of such Person under any hedging arrangement; (vi) obligations of such Person under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) of such Person to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of others of the kinds referred to in clauses (i) through (v) above; and (vii) indebtedness or obligations of others of the kinds referred to in clauses (i) through (vi) secured by any Lien on or in respect of any property of such Person.
Payment of Outstanding Debt. 3.1 As full and final payment of the Outstanding Debt, the Company will on the Closing Date (as defined herein) issue to the Subscriber 1,000,000 common shares of the Company (the “Securities”), as fully paid and non-assessable, and the Subscriber will accept the Securities as full and final payment of the Outstanding Debt.
Payment of Outstanding Debt. 2 3F. XXXXXXXX XXXMITTED BY APPLICABLE LAWS.....................................2 3G. PRIVATE PLACEMENT NUMBER..................................................3 3H. CHANGE IN THE COMPANY'S CONDITION.........................................3 3I.
Payment of Outstanding Debt. 18 4.7 Publication of Financial Results ..................... 18 4.8 Payment of Tax Obligations ........................... 18 4.9 Escrow ............................................... 18 4.10 Release of Lease Guarantee ........................... 19 ARTICLE V DEFINITIONS ............................................... 19 ARTICLE VI INDEMNIFICATION ........................................... 20 6.1 Indemnification by the Stockholder ................... 20
Payment of Outstanding Debt. Sellers shall use best efforts to coordinate with Noteholders and their Representatives to arrange for the redemption, repayment or retirement of all the outstanding Convertible Notes of BSML owed to Noteholders at the Closing.
Payment of Outstanding Debt. The Sellers and the Company shall procure payment of the shareholder loan in accordance with Schedule 18 (the Flow of Funds). Subject to receipt of payment thereof, Synergia grants the Company hereby full and final discharge for any amounts outstanding under the shareholder loan granted by Synergia.
