Common use of Outstanding Borrowing Clause in Contracts

Outstanding Borrowing. Schedule 3.24 sets forth the amount of all Indebtedness of the Company and all of its Subsidiaries, the Liens, if any, that relate to such Indebtedness and that encumber the Assets and the name of each lender thereof. No Indebtedness is entitled to any voting rights in any matters voted upon by the holders of the Common Stock, the Preferred Stock or any other securities of the Company or any of its Subsidiaries. Except as set forth on Schedule 3.24, no trade payable of the Company or any of its Subsidiaries is, or will be as of the Closing Date, more than 90 days past due.

Appears in 7 contracts

Samples: Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.), Stock Purchase Agreement (Local Matters Inc.)

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