Company Debts Sample Clauses

Company Debts. On or before December 31, 2001, the Company shall formalize a plan, subject to the approval of the Purchaser, in its sole discretion, to repay all of the Company's outstanding debts owed to the landlord of the Company's facilities in Huntington Beach, California, and to current and former employees, consultants and independent contractors.
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Company Debts. As a condition of Closing, the Company shall convert all outstanding debts, accounts payable and liabilities, whether contingent or otherwise, of the Company at Closing into one or more promissory notes payable to the debt holders. The promissory note or notes shall bear simple interest at 2.0% per annum, shall be unsecured, will not be convertible, and will be due and payable at the closing of the Reverse Acquisition or in the event of a subsequent change of control of the Company (other than if GDSC Acquisitions LLC (“GDSC”) exercises its right to purchase stock from Mr. Black and 1st Orion Corp. (“1st Orion”) as set forth in the letter agreement of even date herewith between GDSC and 1st Orion (the “Letter Agreement”)).
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Company Debts. Parent shall have received from the Company: (i) evidence satisfactory to Parent in its sole discretion that as of Closing: (A) the Company has no Company Debts outstanding; (B) the Company has no further obligations or liabilities under any of the agreements or instruments governing such Company Debts; and (C) all Encumbrances related to such Company Debts have been discharged.
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Company Debts. If you owe money to the Company or are paid more than you are entitled to be paid, the Company may withhold (to the extent permissible by the Fair Work Act 2009 (Cth)) the amount forfeited, or the amount of the debt or overpayment, from any amounts otherwise payable to you, including salary or reimbursement of expenses. You agree to provide your written consent to such deductions as may be required by the Company.\
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Company Debts. If you owe money to the Company, forfeit the right to monies already paid or you are paid more than you are entitled to be paid, the Company may withhold (to the extent permissible by industrial laws) the amount forfeited, or the amount of the debt or overpayment, from any amounts otherwise payable to you, including salary or reimbursement of expenses.
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Company Debts. First, to pay all debts or other evidences of indebtedness of the Company, including any Member Loans (which Member Loans shall be satisfied pro rata);
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Company Debts. No Member or any of its Affiliates shall have any liability for the debts, obligations or liabilities of the Company or of any other Member or their respective Affiliates. The debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member or former Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member or former Member.
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Related to Company Debts

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • Transaction Expenses Whether or not the transactions contemplated hereby are consummated, the Obligors will pay all reasonable costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required by the Required Holders, local or other counsel) incurred by the Purchasers and each other holder of a Note in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of this Agreement, any Notes or any Subsidiary Guaranty (whether or not such amendment, waiver or consent becomes effective), including, without limitation: (a) the reasonable costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any rights under this Agreement, the Notes or any Subsidiary Guaranty or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, the Notes or any Subsidiary Guaranty, or by reason of being a holder of any Note, (b) the reasonable costs and expenses incurred in connection with the insolvency or bankruptcy of any Obligor or any Subsidiary or in connection with any work-out or restructuring of the transactions contemplated hereby and by the Notes, and (c) the reasonable costs and expenses incurred in connection with the delivery of any Subsidiary Guaranty or Joinder Agreement as contemplated by Section 9.7. The Obligors will pay, and will save each Purchaser and each other holder of a Note harmless from, all claims in respect of any fees, costs or expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its purchase of any Notes).

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