Debts Arrangement Sample Clauses
Debts Arrangement. 14.1 All Parties confirm that as of the First Payment Date, the debts of the Company shall be in the total amount of RMB150,000,000, and the Company will continue to undertake such loans after the completion of the transfer of the Sale Equity Stake.
14.2 After the completion of the transfer of the Sale Equity Stake, except for the debts listed out in Article 14.1 above, the Transferee shall not assume any other liabilities to the other debts of the Company before the First Payment Date. In the event that the Company and/or the Transferee suffer from any damage or loss due to such debts, the Transferors shall assume the joint liability to compensate the Company and/or Transferee in full.
Debts Arrangement. Both Parties confirm that as of the Delivery Completion Date, the banking debts of the Company shall be in the total amount of RMB 55,000,000, and the Company will continue to undertake such loans after the completion of the transfer of the Sale Equity Stake. All creditor’s right and other debts incurred prior to the Delivery Completion Date shall be enjoyed and assumed by the Transferor and the Transferee and/or the Company shall not be liable unless otherwise agreed by the Parties.
Debts Arrangement. The Parties confirm that as of the Completion Date of Delivery, the banking loans of the Target Company shall be in the total amount of RMB 204,000,000, and the bank loans inherited by the Transferee in proportion to shareholding ratio is RMB160,000,000; as of the Completion Date of Delivery, other debts of the Target Company shall be in the total amount of RMB191,896,370.23 and the other debts inherited by the Transferee in proportion to shareholding ratio is RMB175,940,000.
Debts Arrangement. 14.1 All Parties confirm that as of the Delivery Completion Date, the banking debts of the Company shall be in the total amount of RMB 118,000,000, and the Company will continue to undertake such loans after the completion of the transfer of the Sale Equity Stake. All creditor’s right and other debts incurred prior to the Delivery Completion Date shall be enjoyed and assumed by the Transferors and the Transferee and/or the Company shall not be liable unless otherwise agreed by the Parties.
14.2 After the completion of the transfer of the Sale Equity Stake, except for the banking debts in the amount of RMB 118,000,000 listed out in Article 14.1 above, the Transferee shall not assume any other liabilities to the other banking debts of the Company incurred before the Delivery Completion Date. In the event that the Company and/or the Transferee suffer from any damage or loss due to such debts, the Transferors shall assume the joint liability to fully compensate the Company and/or Transferee.