Insider Loans; Equity Ownership in Subsidiaries. (i) All outstanding indebtedness owed by Insiders to the Company shall have been repaid in full, including the indebtedness and other obligations described on Schedule 2.23; (ii) all outstanding guaranties and similar arrangements pursuant to which the Company has guaranteed the payment or performance of any obligations of any Insider to a third party shall have been terminated; and (iii) no Insider shall own any direct equity interests in any Subsidiary of the Company.
Insider Loans; Equity Ownership in Subsidiaries. The Stockholders, at or prior to Closing, shall (i) repay to the Company any loan by the Company to such Stockholders and any other amount owed by the Stockholders to the Company; (ii) cause any guaranty or similar arrangement pursuant to which the Company has guaranteed the payment or performance of any obligations of such Stockholders to a third party to be terminated; and (iii) cease to own any direct equity interests in any Subsidiary of the Company. The Company shall use its best efforts to enable the Stockholders to accomplish the foregoing.
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed by the Company’s Insiders shall have been repaid in full, including the indebtedness and other obligations described on Schedule 2.22, and all outstanding guaranties and similar arrangements pursuant to which the Company has guaranteed the payment or performance of any obligations of any of the Company’s Insiders to a third party shall have been terminated, and no Insider shall own any direct equity interests in any Subsidiary of the Company or in any other Person that utilizes the name “Company” or any other name comprising the Intellectual Property or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. The Company shall use its best efforts to cause each Insider of the Company or the Company Subsidiaries to, at or prior to Closing (i) repay to the Company any loan by the Company to such Person and any other amount owed by such Person to the Company; (ii) cause any guaranty or similar arrangement pursuant to which the Company has guaranteed the payment or performance of any obligations of such Person to a third party to be terminated; and (iii) cease to own any direct equity interests in any Subsidiary of the Company or in any other Person that utilizes the name “Hashcove Limited” or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. Each Stockholder, at or prior to Closing, shall (i) repay to the Company any loan by the Company to such Stockholder and any other amount owed by the Stockholder to the Company; (ii) cause any guaranty or similar arrangement pursuant to which the Company has guaranteed the payment or performance of any obligations of such Stockholder to a third party to be terminated; and (iii) cease to own any direct equity interests in any Subsidiary of the Company or in any other Person that utilizes the name "Hill International." The Company shall use its best efforts to enable the Stockholders to accomplish the foregoing.
Insider Loans; Equity Ownership in Subsidiaries. Each of Kitara Media and NYPG shall use its reasonable best efforts to cause each Insider of Kitara Media or NYPG or its respective subsidiaries to, at or prior to Closing (i) repay to Kitara Media or NYPG, as the case may be, any loan by Kitara Media or NYPG to such Person and any other amount owed by such Person to Kitara Media or NYPG; (ii) cause any guaranty or similar arrangement pursuant to which Kitara Media or NYPG has guaranteed the payment or performance of any obligations of such Person to a third party to be terminated; and (iii) cease to own any direct equity interests in any subsidiary of Kitara Media or NYPG or in any other Person that utilizes the name “Kitara Media,” “Adotas,” or any other names comprising the Kitara Media Intellectual Property, NYPG Intellectual Property or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed by any Kitara Media Related Party and NYPG Related Party shall have been repaid in full, including the indebtedness and other obligations described on Schedule 2.31 or Schedule 3.31, and all outstanding guaranties and similar arrangements pursuant to which Kitara Media has guaranteed the payment or performance of any obligations of any Kitara Related Party or NYPG to a third party shall have been terminated, and no Kitara Related Party or NYPG Related Party shall own any direct equity interests in any subsidiary of Kitara Media or NYPG, respectively, or in any other Person that utilizes any name comprising the Kitara Media Intellectual Property or NYPG Intellectual Property or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. The Signing Members, at or prior to Closing, shall (i) repay to the Company any loan by the Company to such Signing Members and any other amount owed by the Signing Members to the Company (excluding employee advances in the ordinary course of business to employees who will not be executive officers or directors of Surviving Pubco as of the Closing); (ii) cause any guaranty or similar arrangement pursuant to which the Company has guaranteed the payment or performance of any obligations of such Signing Members to a third party to be terminated; and (iii) cease to own any direct equity interests in any Subsidiary of the Company or in any other Person that utilizes the name “Long Island Brand” or “Long Island Iced Tea.” The Company shall use its commercially reasonable best efforts to enable the Signing Members to accomplish the foregoing.
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed by Insiders to the Company shall have been repaid in full, including the indebtedness and other obligations described on Schedule 2.22 (but excluding ordinary course advances to employees, officers and directors who will not be executive officers or directors of Surviving Pubco as of the Closing); (ii) all outstanding guaranties and similar arrangements pursuant to which the Company has guaranteed the payment or performance of any obligations of any Insider to a third party shall have been terminated; and (iii) no Insider shall own any direct equity interests in any Subsidiary of the Company or in any other Person that utilizes in its name “Long Island Ice Tea.”
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed by the directors and executive officers of the Company shall have been repaid in full and all outstanding guaranties and similar arrangements pursuant to which the Company has guaranteed the payment or performance of any obligations of any of the directors and executive officers of the Company to a third party shall have been terminated; and no director or executive officer of the Company shall own any direct material equity interests in any Subsidiary of the Company or in any other Person that utilizes the name “VivoPower” or any derivative thereof except as disclosed in Schedule 7.3(h).
