Absence of Debt. Seller covenants to Buyer that, except for Retained Liabilities, the Business has no outstanding debt obligations (including without limitation letters of credit or surety obligations) as of the date hereof and will have no such debt obligations as of the Closing Date.
Absence of Debt. The Company will have no debt obligations at Closing.
Absence of Debt. Seller and Raytheon covenant to Buyer that the Company has no outstanding debt obligations (including without limitation letters of credit or surety obligations) as of the date hereof and will have no such debt obligations as of the Closing Date.
Absence of Debt. The Company shall have paid off and terminated all --------------- of its obligations to pay money to any person, other than obligations to trade creditors for inventory purchased in the ordinary course, including, without limitation, obligations to legal and accounting professionals and other providers of services of any kind, obligations under credit lines whether or not any amounts are owed thereon, and obligations with respect to leases and loans on Company owned vehicles and equipment.
Absence of Debt. On or prior to the Closing Date, the Shareholders --------------- shall cause the Company to pay off and terminate all of its obligations to pay money to any person, other than trade creditors for inventory purchased in the ordinary course, including, without limitation, obligations to legal and accounting professionals and other providers of services of any kind, obligations under credit lines whether or not any amounts are owed thereon, and obligations with respect to leases and loans on Company owned vehicles and equipment, and taxes owed by the Company for tax periods prior to Closing.
Absence of Debt. Except as set forth on Disclosure Schedule 4.15, IM Telecom is not a party to any debenture, note, conditional sale, loan, line of credit or other borrowing agreement, or any lease required to be capitalized in accordance with generally accepted accounting principles, nor accounts payable or other debt of any kind whatsoever (“IM Telecom Debt”).
Absence of Debt. Mabwe will not have any debt obligations at Closing.
Absence of Debt. The Company shall not have any indebtedness for borrowed money, each Contract related thereto shall terminate no later than immediately prior to the First Effective Time and none of the assets of the Company shall be subject to Liens related thereto.
Absence of Debt. The Company and its Subsidiaries have no outstanding debt, capital lease or other debt financing obligations, and there are no Liens on the Company or its Subsidiaries' assets or properties securing any debt, capital lease or other debt financing.
Absence of Debt. Neither the Company nor any Subsidiary shall have any indebtedness for borrowed money, each Contract related thereto shall terminate no later than immediately prior to the Effective Time and none of the assets of the Company or any Subsidiary shall be subject to Liens related thereto; provided, however, that if the Company requests that Parent make a Closing Indebtedness Payment under Section 1.11, this condition shall be satisfied with respect to such indebtedness if the holder thereof has agreed in writing that the Contract related thereto shall terminate and any Liens related thereto shall be released, upon the payment thereof in the amount set forth for such indebtedness in the Debt Certificate.
