Assumption of Company Debt. Buyer’s assumption of debt, as described in Section 1.5 above, shall be approved by and consented to by Company’s lenders/creditors. Buyer and Shareholders shall work together to secure the release of any personal guaranties or sureties of Shareholders related to the debt described in Section 1.5.
Appears in 1 contract
Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp)
Assumption of Company Debt. Buyer’s assumption of debt, as described in Section 1.5 1.2(f) above, shall be approved by and consented to by Company’s lenders/creditors. Buyer and Shareholders shall work together use it reasonable efforts to secure the release obtain releases of any personal guaranties or sureties of Shareholders related to the debt described in Section 1.51.2(f).
Appears in 1 contract
Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp)
Assumption of Company Debt. Buyer’s assumption of debt, as described in Section 1.5 1.2(g) above, shall be approved by and consented to by Company’s lenders/creditors. Buyer and Shareholders shall work together use it reasonable efforts to secure the release obtain releases of any personal guaranties or sureties of Shareholders related to the debt described in Section 1.51.2(g).
Appears in 1 contract
Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp)
Assumption of Company Debt. Buyer’s assumption of debt, as described in Section 1.5 1.2(h) above, shall be approved by and consented to by Company’s and Subsidiary’s lenders/creditors. Buyer and Shareholders shall work together to secure the release obtain releases of any personal guaranties or sureties of Shareholders Members related to the debt described in Section 1.51.2(h).
Appears in 1 contract
Samples: Membership Interest Purchase and Sale Agreement (Omni Energy Services Corp)
