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. 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. The Company shall use commercially reasonable efforts to cause each Insider of the Company or its 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 “TouchTunes” or any other names comprising the Intellectual Property or any derivative thereof.
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 cause each Insider of the Company or its 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 (other than the loan set forth on Schedule 5.14); (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 “Lazy Days” or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed to the Company by the Company’s Insiders (other than the loan set forth on Schedule 5.14) shall have been repaid in full or otherwise been extinguished; 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 (iii) except as set forth on Schedule 5.14 as of the date of this Agreement (without regard to any subsequent change or supplement thereto) no Insider shall own any direct equity interests in any Subsidiary of the Company.
Insider Loans; Equity Ownership in Subsidiaries. PRWT shall use its commercially reasonable best efforts to cause each Insider of PRWT or its Subsidiaries to, at or prior to Closing (i) repay to PRWT any loan by PRWT to such Person and any other amount owed by such Person to PRWT; (ii) cause any guaranty or similar arrangement pursuant to which PRWT 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 PRWT or in any other Person that utilizes the name “PRWT” or any other names comprising the Intellectual Property or any derivative thereof; provided, however, that following Closing, Xxxxxx X. Xxxxxxx, Xxxxx Xxxxxxxxxxx and Xxxxxx Argesto shall continue to own a direct interest in US Facilities, Inc.
Insider Loans; Equity Ownership in Subsidiaries. All outstanding indebtedness owed by PRWT’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 PRWT has guaranteed the payment or performance of any obligations of any of PRWT’s Insiders to a third party shall have been terminated, and no Insider shall own any direct equity interests in any Subsidiary of PRWT or in any other Person that utilizes the name “PRWT” or any other name comprising the Intellectual Property or any derivative thereof.
Insider Loans; Equity Ownership in Subsidiaries. Health Guru shall use its reasonable best efforts to cause each Insider of Health Guru or its respective subsidiaries to, at or prior to Closing (i) repay to Health Guru any loan by Health Guru to such Person and any other amount owed by such Person to Health Guru; (ii) cause any guaranty or similar arrangement pursuant to which Health Guru 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 Health Guru or in any other Person that utilizes the name “Health Xxxx.xxx,” or any other names comprising the Health Guru Intellectual Property or any derivative thereof.
