No Debt to Related Parties. The Company is not, and on Closing will not be, materially indebted to any of the Vendors nor to any family member of any of the Vendors, nor to any affiliate, director or officer of the Company or the Vendors except as set forth in Schedule "F" hereto;
No Debt to Related Parties. Neither Piper nor any of its subsidiaries is, and on Closing will not be, indebted to any affiliate, director or officer of Piper except accounts payable on account of bona fide business transactions of Piper incurred in normal course of the Piper Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “D” hereto, neither SUNO nor its subsidiaries are, and on Closing will not be, indebted to any affiliate, director or officer of SUNO;
No Debt to Related Parties. Neither MailTec nor its subsidiaries are, and on Closing will not be, materially indebted to any affiliate, director or officer of MailTec except accounts payable on account of bona fide business transactions of MailTec incurred in normal course of the MailTec Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule "E" hereto, China Health is not, and on Closing will not be, indebted to any affiliate, director or officer of China Health except accounts payable on account of bona fide business transactions of China Health incurred in normal course of the China Health Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Save and except for the Promissory Note, ---------------------------- the Company is not, and on Closing will not be, materially indebted to the Company Shareholders nor to any family member thereof, nor to any affiliate, director or officer of the Company or the Company Shareholders except accounts payable on account of bona fide business transactions of the Company incurred in normal course of the Company Business, including employment agreements with Company Shareholders, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “D” hereto, neither Marine Park nor any of its subsidiaries is, and on Closing will not be, indebted to any affiliate, director or officer of Marine Park except accounts payable on account of bona fide business transactions of Marine Park incurred in normal course of the Marine Park Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “M” hereto, NewCardio is not and on Closing will not be, indebted to the NewCardio Shareholders nor to any family member thereof, nor to any affiliate, director or officer of NewCardio or the NewCardio Shareholders except accounts payable on account of bona fide business transactions of NewCardio incurred in normal course of NewCardio Business, including employment agreements with the NewCardio Shareholders, none of which are more than 30 days in arrears;
No Debt to Related Parties. Hygea is not and on Closing will not be, indebted to the Hygea Shareholders nor to any family member thereof, nor to any affiliate, director or officer of Hygea or the Hygea Shareholders except accounts payable on account of bona fide business transactions of Hygea incurred in normal course of Hygea Business, including employment agreements with the Hygea Shareholders, none of which are more than 30 days in arrears;
No Debt to Related Parties. ProVision is not, and on Closing will not be, materially indebted to the ProVision Shareholder nor to any family member thereof, nor to any affiliate, director or officer of ProVision or the ProVision Shareholder except accounts payable on account of bona fide business transactions of ProVision incurred in normal course of ProVision Business, including employment agreements with the ProVision Shareholder, none of which are more than 30 days in arrears;
