Covenants regarding Settlement of Accounts and Debts before the Effective Date. The Seller covenants that it shall cause the Company to, before the Effective Date, to collect payments owned in full from, or make payments owed in full to the Seller or its Affiliates (other than CEM Special), or otherwise fully settle any and all accounts arising or accruing as a result of any outstanding debts, transactions and dealings with the Seller or any of the Seller’s Affiliates (other than CEM Special). The Seller also covenants that it shall cause the Company to, before the Effective Date, fully settle any and all outstanding debts including any interests accrued thereon owed by the Company to any third parties including, without limitation, the loans borrowed by the Company under the loan contract dated July 30, 2004 between the Company and the Bank of Communications Changzhou Branch, Guanghua Street Sub-Branch, the loans borrowed by the Company under a banking facility letter dated June 13, 2002 issued by Australia and New Zealand Banking Group Limited, Shanghai Branch, and the loans borrowed by the Company under a banking facility letter dated June 18, 2004 issued by Australia and New Zealand Banking Group Limited, Shanghai Branch, except for outstanding debts owed by the Company or owed to the Company as a result of trade credits extended by, or extended to, suppliers and customers of the Company other than the Seller or its Affiliates, in the ordinary course of the business operations of the Company. The Seller covenants that it shall cause the Company to, before the Effective Date, fully pay off any and all outstanding loans borrowed by the Company and owed to the Bank of Communications Changzhou Branch, Guanghua Street Sub-Branch pursuant to the loan contract dated July 30, 2004 between the Company and the Bank of Communications Changzhou Branch, Guanghua Street Sub-Branch. The Seller covenants that it shall cause the Company to fully transfer to CEM Special, and that it shall cause CEM Special to fully accept the transfer of, before the Effective Date, any and all outstanding loans borrowed by the Company under a banking facility letter dated June 13, 2002 issued by Australia and New Zealand Banking Group Limited, Shanghai Branch, and borrowed by the Company under a banking facility letter dated June 18, 2004 issued by Australia and New Zealand Banking Group Limited, Shanghai Branch. The Seller represents and warrants, and it shall cause the Company to represent and warrant, as of the Effective Date, that the Company shall have obtaine...
