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. The Company has (a) repaid in full all of the Indebtedness described on SCHEDULE 8.3(B)(II) and (b) obtained, and where applicable recorded in all appropriate locations, releases of Liens for all real and personal property securing same.
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. 33 5. COVENANTS.....................................................................................................33
Payment of Certain Indebtedness. Within thirty (30) days of the Closing, Buyer (or its successor) shall discharge in full certain indebtedness of the Company theretofore guaranteed by the Shareholders or any Shareholder and obtain a release of all such Shareholder's guarantees 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. At the Closing, Parent shall pay or cause to be paid by wire transfer of immediately available funds, to such accounts as designated by the Company, an aggregate amount equal to the Indebtedness (other than Indebtedness owing to the Note Holders and to the holders of Company Preferred Stock).
Payment of Certain Indebtedness. 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. 31 9.8. Returns for Periods Prior to Closing.............................................. 31 9.9. Access to Books and Records....................................................... 32 9.10. Agreement to Deliver and Register Shares.......................................... 32 9.11. Adjustments to Closing Date Balance Sheet......................................... 32 ARTICLE X COSTS.................................................... 33 10.1. Finder's or Broker's Fees......................................................... 33 10.2. Expenses.......................................................................... 33
