No Post-Merger Indebtedness Sample Clauses
No Post-Merger Indebtedness. At the Effective Time of the Merger, FISION DE will have no outstanding indebtedness for borrowed money or loans or other obligations evidenced by secured or unsecured notes, bonds, debentures or similar instruments including any contingent obligations. At the Effective Time of the Merger, FISION DE also will have no outstanding current or long-term liabilities whether for accounts payable, employee or executive compensation, or any other matter. At the Effective Time of the Merger, FISION DE also will not be under any obligation or liability to any current or former officer, director, employee, affiliate or associate of FISION DE unless contained in this Agreement.
No Post-Merger Indebtedness. Except for those listed on Schedule 3.17 hereto, at the Effective Time of the Merger, PetVivo will have no outstanding indebtedness for borrowed money or loans or other obligations evidenced by secured or unsecured notes, bonds, debentures or similar instruments including any contingent obligations. At the Effective Time of the Merger, PetVivo also will have no outstanding current or long-term liabilities whether for accounts payable, employee or executive compensation, or any other matter excepts those listed on Schedule 3.17 hereto. At the Effective Time of the Merger, PetVivo also will not be under any obligation or liability to any current or former officer, director, employee, affiliate or associate of PetVivo unless contained in this Agreement or listed on Schedule 3.17 hereto.