Common use of PAYMENT OF INDEBTEDNESS BY AFFILIATES Clause in Contracts

PAYMENT OF INDEBTEDNESS BY AFFILIATES. Except as expressly provided in this Agreement, Sellers will cause all indebtedness owed to an Acquired Company by either Seller or any Affiliate of either Seller to be paid in full prior to Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Maverick Tube Corporation)

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PAYMENT OF INDEBTEDNESS BY AFFILIATES. Except as expressly provided in this AgreementNotwithstanding Section 5.2, Sellers will each Seller shall cause all indebtedness owed to an Acquired Company by either any Seller or any Affiliate of either any Seller to be paid in full prior to Closing.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Lmi Aerospace Inc)

PAYMENT OF INDEBTEDNESS BY AFFILIATES. Except as expressly provided in this Agreement, Sellers will cause all indebtedness owed to an Acquired Company by either any Seller or any Affiliate of either any Seller to be paid in full prior to Closing.

Appears in 1 contract

Samples: Acquisition Agreement (Carnegie International Corp)

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PAYMENT OF INDEBTEDNESS BY AFFILIATES. Except as expressly provided in this Agreement, Sellers will cause all indebtedness owed owing to an Acquired the Company by either Seller Sellers or any Affiliate of either Seller Sellers to be paid in full prior to the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Speizman Industries Inc)

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