Common use of Debt Exchange Clause in Contracts

Debt Exchange. In combination with the shares being exchanged, the AEGA Holders shall grant relief of debt to the Corporation for purposes of relief of corporate debt. Such amount of debt, shall be a cumulative and total amount of $100,000.00 as set forth on Schedule C to the Agreement. Such debt shall be bound from the initial signing AEGA Holders, but may be modified to include other AEGA Holders and distributed to those debtholders as mutually agreed by the parties.

Appears in 3 contracts

Samples: Final Agreement for Exchange (Futureland Corp.), Final Agreement for Exchange (Futureland, Corp.), Final Agreement for Exchange (Futureworld Corp.)

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Debt Exchange. In combination with the shares being exchanged, the AEGA Holders shall grant relief of debt to the Corporation Aegea for purposes of relief of corporate debt. Such amount of debt, shall be a cumulative and total amount of $100,000.00 as set forth on Schedule C to the Agreement. Such debt shall be bound from the initial signing signer AEGA Holders, but and may be modified to include other distributed from others who join the AEGA Holders and distributed to those debtholders as mutually agreed by at the time of the final agreement which may include such other parties.

Appears in 1 contract

Samples: Preliminary Agreement for Exchange (Futureland, Corp.)

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