Payment of Creditors. Seller has, and will maintain, sufficient assets to pay, and will pay, all amounts owing to its creditors when due.
Payment of Creditors. Within ninety (90) days of the Closing Date, each of the Sellers shall pay off entirely all of their respective creditors, except with respect to the Assumed Liabilities. In the event Buyer receives notice from any of Sellers' creditors that any debt not an Assumed Liability has not been paid off subsequent to the ninety (90) day period stated herein, Purchaser will notify the appropriate Seller and the Parent in writing, with sufficient detail as to the name of the Creditor and the amount due, and Seller and/or Parent will pay said creditor any amounts properly due and owing with five (5) business days of its receipt of said notice. Notwithstanding anything to the contrary contained herein, the Liability owing to Paragon Scientific Corporation shall not be subject to the payment terms contained herein, provided that the Sellers are actively pursuing a settlement with Paragon Scientific Corporation.
Payment of Creditors. SiTech will cause SiTechto, pay all debts and obligations of SiTech in existence on the Closing Date in full on or before the due date thereof.
Payment of Creditors. The main current features of this service are detailed below.
a. Creditor Payment Processing
Payment of Creditors. Notwithstanding the requirement of Seller to pay all Trade Payables on or prior to Closing or the requirement that the Purchase Price be adjusted for any such unpaid Trade Payables as set forth in Section 2.2.4, after the Closing Seller shall pay in the normal course any and all valid debts, liabilities and obligations of Seller arising from, out of or in connection with the conduct of the Business or the ownership of the Assets prior to the Closing Date, other than the Assumed Liabilities.
Payment of Creditors. At the Closing, AMD shall provide LLC with an -------------------- estimate of accounts payable, sales commissions and royalties, in each case which constitute Assumed Liabilities, of the Business as of the Closing Date, and LLC shall provide AMD with a letter of credit in an amount equal to the aggregate of such estimate of accounts payable, sales commissions and royalties, which AMD will be able to draw upon to pay off each such liability that is not paid by the Company when such liability is due. Upon payment of all accounts payable, sales commissions and royalties the letter of credit shall terminate.
Payment of Creditors. Buyer agrees to pay those assumed creditors that are currently represented by notes payable and to continue to make payment in accordance with the terms and conditions of said notes payable. As to other accounts payable assumed by the Buyer hereunder, the payments shall be made within terms, but in any event not later than sixty (60), unless otherwise agreed to by any creditor, days post-closing of the transaction. Buyer also agrees to pay any expenses necessary to assign the leases with respect to the diaper machines, the Optima bagger, fork-lifts, and the Manufacturing Property.
Payment of Creditors. After the Effective Time, the Buyer shall use commercially reasonably efforts to pay or discharge debts and obligations of the Company as of the Effective Time when due, and not to render the Surviving Corporation insolvent or unable to pay its debts as they come due.
