Payment of Certain Indebtedness. Except in the ordinary course of Business, pay, discharge or liquidate any outstanding indebtedness or incur any obligation not relating to the conduct of its business;
Payment of Certain Indebtedness. Cause each of the Borrower and ------------------------------- all Subsidiaries to pay, before the end of any applicable grace period, each tax, assessment, fee, charge, fine and penalty imposed by any government or political subdivision upon it or upon any of its assets, income and franchises and each claim and demand of any materialman, mechanic, carrier, warehouseman, garageman or landlord against it; provided, however, that no such tax, assessment, fee, charge, fine, penalty, claim or demand shall be required to be so paid so long as (i) the validity thereof is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, (ii) adequate reserves have been appropriately established therefor, (iii) the execution or other enforcement of any lien resulting therefrom is effectively stayed and (iv) the nonpayment thereof does not have any Material Adverse Effect;
Payment of Certain Indebtedness. At the Effective Time, Parent shall cause all outstanding indebtedness incurred by the Inuvo and certain of its Subsidiaries under the Amended and Restated Business Finance Agreement, dated as of October 11, 2018, by and among Western Alliance Bank (f/k/a Bridge Bank, N.A.), as amended, supplemented, or otherwise supplemented from time to time, to be paid in full.
Payment of Certain Indebtedness. Seller shall have presented Purchaser with evidence satisfactory to Purchaser that Seller has paid off the indebtedness identified on Schedule 1.3.1(a).
Payment of Certain Indebtedness. The Company shall (a) repay in full all of the Indebtedness described on Schedule 8.03(b)(ii) and (b) obtain, and where applicable record in all appropriate locations, releases of liens for all real and personal property securing same, in each case on or before September 1, 1997.
Payment of Certain Indebtedness. Within thirty (30) days of the Closing, Buyer (or its successor) shall discharge in full certain indebtedness of the Company heretofore guaranteed by the Shareholders or any Shareholder and obtain a release of all such Shareholder's guaranties of such indebtedness provided that such indebtedness can be discharged without a penalty or other similar special charge. Buyer (or its successor) shall use reasonable commercial efforts to obtain the release of the Shareholders from any other guarantees of obligations of the Company as disclosed in the Disclosure Schedule.
Payment of Certain Indebtedness. 33 5. COVENANTS.....................................................................................................33
Payment of Certain Indebtedness. Except as expressly provided in this Agreement, Seller will cause (i) all indebtedness owed to an Acquired Company by either Seller or any Related Person or affiliate of Seller, (ii) all indebtedness owed by an Acquired Company or any Subsidiary to either Seller or any Related Person or affiliate of Seller (iii) all Financial Debt of Uarco, and (iv) all letters of credit related to the Financial Debt of Uarco to be paid in full or otherwise released or satisfied (or other arrangements shall have been made to Buyer's reasonable satisfaction) prior to Closing without cost or other expense to Buyer and without adverse tax or other consequences to Buyer or any Acquired Company. For purposes of this Section 5.7 utilization of the Company's net operating losses to offset any debt forgiveness income which 47 43 may be recognized shall not constitute an adverse tax or other consequence. Any Encumbrance on the assets of any of the Acquired Companies securing any such indebtedness, including the Financial Debt of Uarco, shall be removed, or arrangements shall have been made to Buyer's reasonable satisfaction to release such encumbrance, prior to Closing.
Payment of Certain Indebtedness. The covenant set forth in Section 5.7 of this Agreement shall have been fulfilled.
Payment of Certain Indebtedness. The Seller shall deliver to Purchaser no later than two Business Days prior to Closing payoff, lien and related termination letters in form reasonably acceptable to Purchaser with respect to the indebtedness to evidence the termination and discharge of the debt set forth on Schedule 6.2(a)(xi) and all Liens related thereto.
