Common use of No Payments to Affiliates or Related Parties Clause in Contracts

No Payments to Affiliates or Related Parties. So long as any of the Debentures remain outstanding, the Company shall not, absent the prior written consent of the holders of all Debentures then outstanding, make any payments to any of the Company's or the Subsidiaries' respective affiliates or related parties, including without limitation payments or prepayments of principal or interest accrued on any indebtedness or obligation in favor of affiliates or related parties.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Fuelstream INC), Securities Purchase Agreement (Fuelstream INC), Securities Purchase Agreement (Fuelstream INC)

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No Payments to Affiliates or Related Parties. So long as any of the Debentures remain outstandingoutstanding if the Debentures are in default, the Company shall not, absent the prior written consent of the holders of all Debentures then outstanding, make any payments to any of the Company's ’s or the Subsidiaries' respective affiliates or related parties, including without limitation payments or prepayments of principal or interest accrued on any indebtedness or obligation in favor of affiliates or related parties.

Appears in 2 contracts

Samples: Securities Purchase Agreement (SurePure, Inc.), Securities Purchase Agreement (Cyclone Power Technologies Inc)

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No Payments to Affiliates or Related Parties. So long as any of the Debentures remain outstanding, the Company shall not, absent the prior written consent of the holders of all Debentures then outstanding, make any payments using any portion of the gross proceeds from any Closing, to any of the Company's ’s or the Subsidiaries' respective affiliates or related parties, including without limitation payments or prepayments of principal or interest accrued on any indebtedness or obligation in favor of affiliates or related partiesparties as described in the SEC Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wound Management Technologies, Inc.)

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