Existing Debts Sample Clauses
The 'Existing Debts' clause defines and addresses any outstanding financial obligations that a party has prior to entering into the agreement. It typically requires the party to disclose all current debts, loans, or liabilities, and may specify how these debts will be handled during the term of the contract, such as whether they must be repaid before certain actions can be taken or if they affect the party's ability to fulfill new obligations. This clause ensures transparency regarding financial encumbrances, helping to prevent disputes or misunderstandings about a party's financial position and protecting the interests of the other party in the agreement.
Existing Debts. For the purposes of this Agreement, the “Existing Debts” shall mean all the loan, interest, fee, expense, royalty, and other amounts accrued and outstanding under the Facility Agreement, dated as of March 16, 2022, by and among the Company, Yishengbio (Hong Kong) Holdings Limited, Yisheng US Biopharma Inc., Yisheng Biopharma (Singapore) Pte. Ltd., Liaoning Yisheng Biopharma Co. Ltd., Beijing Yisheng Biotechnology Co., Ltd., R-Bridge Investment Three Pte. Ltd. and R-BRIDGE Healthcare Fund, LP. (the “Facility Agreement”) and other Finance Documents (as defined in the Facility Agreement). The Company shall provide the Purchaser any and all the Facility Agreement and other Finance Documents and copies of all notices, compliance certificates or communications (including notices of default or events of default) to and from the creditor in connection with the Existing Debts. The Company agrees that any amendment, settlement or waiver under the Facility Agreement shall be subject to the Purchaser’s prior written approval.
Existing Debts. On the Effective Date, no Borrower has Indebtedness except for (a) trade credit incurred in the ordinary course of business and (b) other Indebtedness set forth in Schedule 3.09 to this Agreement.
Existing Debts. Borrower has no Indebtedness except for (a) -------------- Indebtedness permitted under section 8.6 and (b) other Indebtedness set forth in Schedule B to this Credit Agreement.
Existing Debts. All existing debts attributable to Assets remain the obligation and responsibility of the Seller and shall not be acquired or assumed by the Buyer. Surface damage relating to the Gathering System occurring prior to the Closing shall be the sole responsibility of Seller, together with temporary abandonment payments including shut-in, deferral payments, delay rental payments accruing or arising prior to the Closing. Seller hereby agrees to indemnify Buyer from and against all costs, claims, damages, or liability with respect to all debts of Seller not assumed by Buyer.
Existing Debts. Except as described therein, Schedule 5.15 sets forth a complete and correct list of all outstanding Debt of the Company and its Subsidiaries as of June 30, 2003, since which date there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Debt of the Company or its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Debt of the Company or such Subsidiary, and no event or condition exists with respect to any Debt of the Company or any Subsidiary, the outstanding principal amount of which exceeds $5,000,000, that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Debt to become due and payable before its stated maturity or before its regularly scheduled dates of payment.
Existing Debts. If your previous Supplier raises with us a proper charge relating to a service it provided to you before the commencement of Services we will advise you accordingly and you must pay your previous Supplier that amount.