Payment of Debt for Borrowed Money Sample Clauses

Payment of Debt for Borrowed Money. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, pay its Debt for Borrowed Money when and as the same becomes due.
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Payment of Debt for Borrowed Money. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary to, pay its Debt for Borrowed Money when and as the same becomes due.
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Payment of Debt for Borrowed Money. Subject to Section 5.6 hereof, the Borrower shall, and shall cause each Restricted Subsidiary to, pay its Debt for Borrowed Money when and as the same becomes due, other than amounts (other than the Obligations) duly and diligently disputed in good faith.
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Payment of Debt for Borrowed Money. The Borrower shall, and shall cause each Restricted Subsidiary and Bermuda Corp. to, pay its Debt for Borrowed Money when and as the same becomes due.
Sample 1
Payment of Debt for Borrowed Money. On or before the Closing, the Archway Parties shall pay, or cause the Company to pay, any and all Debt of the Company for (a) all obligations of the Company for borrowed money, (b) all obligations of the Company evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of the Company upon which interest charges are customarily paid, excluding trade payables incurred in the ordinary course of business, (d) all obligations of the Company under conditional sale or other title retention agreements relating to property acquired by the Company, and (e) all obligations of such Person in respect of the deferred purchase price of property or services, whether or not any of the foregoing items (a) through (e) are included on Scheduled Debt. Notwithstanding the foregoing, Buyer agrees and acknowledges that the Scheduled Debt will be paid pursuant to Section 2.2(b).
Sample 1
Payment of Debt for Borrowed Money. On the Closing Date, Parent shall cause all principal and accrued interest under the indebtedness of TestChip Technologies Inc. ("TCT") from Bank One, N.A., including, without limitation, any such loan guaranteed by the Small Business Administration, to be paid in full.
Sample 1
Payment of Debt for Borrowed Money. On or before the Closing, Sellers shall pay, or cause the Company to pay, any and all Debt of the Company or the Company Subsidiaries for (a) all obligations of such Persons for borrowed money, (b) all obligations of such Persons evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Persons upon which interest charges are customarily paid, excluding trade payables incurred in the ordinary course of business, (d) all obligations of such Persons under conditional sale or other title retention agreements relating to property acquired by such Persons, and (e) all obligations of such Person in respect of the deferred purchase price of property or services, whether or not any of the foregoing items (a) through (e) are included in Scheduled Debt, but excluding reimbursement obligations under the standby letters of credit listed in Schedule 6.16(b).
Sample 1
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Related to Payment of Debt for Borrowed Money

  • Indebtedness for Borrowed Money The Company shall not, nor shall it permit any Subsidiary to, issue, incur, assume, create or have outstanding any Indebtedness for Borrowed Money; provided, however, that the foregoing shall not restrict nor operate to prevent:

  • Borrowed Money Borrowed Money" means any obligation to repay money, any indebtedness evidenced by notes, bonds, debentures or similar obligations, any obligation under a conditional sale or other title retention agreement and the net aggregate rentals under any lease which under GAAP would be capitalized on the books of Borrower or which is the substantial equivalent of the financing of the property so leased.

  • Payment of Debt Borrower will pay the Debt at the time and in the manner provided in the Note and in this Security Instrument.

  • Repayment of Debt If the General Partners unanimously elect, or are required by one or more third parties, to repay or repurchase at the Closing Date (or thereafter in connection with the sale of properties) any indebtedness of Target or any subsidiary of Target, at the Closing Date (or thereafter in connection with the sale of properties), the General Partners shall pay in cash such indebtedness plus any costs, expenses or fees associated with such repayment or repurchase, including without limitation any prepayment fees or penalties, to be repaid, pro rata in accordance with their respective Capital Accounts. For these purposes, “indebtedness” shall be deemed to include the costs of unwinding any interest rate swaps, caps, treasury locks and other derivatives and xxxxxx associated with the indebtedness that is being repaid.

  • Payment of Debts The assets shall first be applied to the payment of the liabilities of the Partnership (other than any loans or advances that may have been made by Partners to the Partnership) and the expenses of liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the General Partner to minimize any losses resulting from liquidation.

  • Indebtedness and Contingent Obligations As of the Closing, the Borrowers shall have no outstanding Indebtedness or Contingent Obligations other than the Obligations or any other Permitted Indebtedness.

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Indebtedness and Guaranty Obligations Create, incur or assume any Indebtedness or Guaranty Obligation except:

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Funded Indebtedness 2 GAAP............................................................ 6

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