Common use of Outstanding Indebtedness; Liens Clause in Contracts

Outstanding Indebtedness; Liens. Except as set forth on Schedule 3(x), (i) neither the Company nor any of its Subsidiaries has, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents will not have, any outstanding Indebtedness other than Permitted Indebtedness, (ii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, Liens on any of the assets of the Company and its Subsidiaries other than the Permitted Liens, and (iii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, financing statements securing obligations of any amounts owed by the Company or any of its Subsidiaries filed against the Company or any of its Subsidiaries or any of their respective assets, other than those relating to Permitted Liens.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pipeline Data Inc), Stock Purchase Agreement (Pipeline Data Inc)

AutoNDA by SimpleDocs

Outstanding Indebtedness; Liens. Except as set forth on Schedule 3(x3(z)(i), (i) neither the Company nor any of its the Subsidiaries hashas any, and nor upon consummation of the transactions contemplated hereby and by the other Transaction Documents Transactions will not havehave any, any outstanding Indebtedness other than Permitted Indebtedness, (ii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents Transactions there will not be any, Liens on any of the assets of the Company and its the Subsidiaries other than the Permitted Liens, and (iii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents Transactions there will not be any, financing statements securing obligations of any amounts owed by the Company or any of its Subsidiaries filed against the Company or any of its the Subsidiaries or any of their respective assets. Other than the “Defaults” and “Events of Default” (each as defined in the Existing Credit Agreement (as defined below)) identified on Schedule 3(z)(ii) (collectively, the “Existing Credit Defaults”), there are no other than those relating to Permitted Liens“Defaults” or “Events of Default.

Appears in 1 contract

Samples: Securities Purchase Agreement (Select Comfort Corp)

Outstanding Indebtedness; Liens. Except as set forth on Schedule 3(x2(y), (i) neither the Company nor any of its Subsidiaries no Contributed Entity has, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents will not have, any outstanding Indebtedness other than Permitted Indebtedness, (ii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, Liens on any of the assets of the Company and its Subsidiaries Contributed Entities other than the Permitted Liens, and (iii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, financing statements securing obligations of any amounts owed by the Company or any of its Subsidiaries the Contributed Entities filed against the Company or any of its Subsidiaries the Contributed Entities or any of their respective assets, other than those relating to Permitted Liens.

Appears in 1 contract

Samples: Contribution Agreement (Elandia International Inc.)

AutoNDA by SimpleDocs

Outstanding Indebtedness; Liens. Except as set forth on Schedule 3(x3(w), (i) neither the Company nor any of its Subsidiaries has, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents will not have, any outstanding Indebtedness other than Permitted Indebtedness, (ii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, Liens on any of the assets of the Company and its Subsidiaries other than the Permitted Liens, and (iii) there are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, financing statements securing obligations of any amounts owed by the Company or any of its Subsidiaries filed against the Company or any of its Subsidiaries or any of their respective assets, other than those relating to Permitted Liens.

Appears in 1 contract

Samples: Contribution Agreement (Elandia International Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.