Common use of Indebtedness to Target Clause in Contracts

Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target Shareholder, any Related Party of any Target Shareholder, or any Employee of the Target, on any account whatsoever.

Appears in 2 contracts

Samples: Securities Exchange Agreement, Merger Agreement

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Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and or (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target Shareholderthe Shareholders, any Related Party of any Target Shareholder, the Shareholders or any Employee directors, officers or employees of the Target, on any account whatsoever.

Appears in 2 contracts

Samples: Share Exchange Agreement (ALKALINE WATER Co INC), Share Exchange Agreement (Teckmine Industries Inc.)

Indebtedness to Target. Except for: for (ai) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and or (bii) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target the Shareholder, any Related Party of any Target Shareholder, the Shareholder or any Employee directors, officers or employees of the Target, on any account whatsoever.

Appears in 2 contracts

Samples: Share Exchange Agreement (Qwick Media Inc.), Share Exchange Agreement

Indebtedness to Target. Except for: (ai) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and ; or (bii) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted has no Indebtedness to any Target Shareholderthe Accepting Shareholders, any Related Party of any Target Shareholder, a Shareholder or any Employee directors, officers or Employees of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Agreement (Newcastle Resources Ltd.)

Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, ; and (b) amounts due under the Target Convertible Notes; and (c) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target ShareholderVendor, any Related Party of any Target ShareholderVendor, or any Employee of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Securities Exchange Agreement

Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target Shareholder, any Related Party of any Target Shareholder, or any Employee of the TargetTarget or any Target Predecessor, on any account whatsoever.

Appears in 1 contract

Samples: Share Exchange Agreement (Be at TV, Inc.)

Indebtedness to Target. Except for: (ai) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and ; or (bii) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted has no Indebtedness to any Target Shareholderthe Accepting Shareholders, any Related Party of any Target Shareholder, an Accepting Shareholder or any Employee directors, officers or Employees of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Agreement (Newcastle Resources Ltd.)

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Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and or (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any the Target ShareholderSecurityholders, any Related Party of any the Target Shareholder, Securityholders or any Employee Employees, directors or officers of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Share Exchange Agreement (REVENUE.COM Corp)

Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, ; and (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target ShareholderVendor, any Related Party of any Target ShareholderVendor, or any Employee of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Share Exchange Agreement

Indebtedness to Target. Except for: (a) the payment of salaries and reimbursement for out-of-pocket expenses in the ordinary and usual course, and or (b) amounts disclosed in the Target Disclosure Statement or the Target Financial Statements, the Target is not indebted to any Target Shareholderthe Shareholders, any Related Party of any Target Shareholder, the Shareholders or any Employee Employees of the Target, on any account whatsoever.

Appears in 1 contract

Samples: Share Exchange Agreement (Global System Designs, Inc.)

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