Repayment of Bank Debt. 13 SECTION 4.7 Repayment of Sledges Indebtedness to the Company . . 13 SECTION 4.8
Repayment of Bank Debt. The Surviving Corporation shall pay in full the Obligations (as defined in the Credit Agreement) of the Company and MVE under the Credit Agreement.
Repayment of Bank Debt. Prior to the Closing Date, the Sledges shall cause the Company to repay all indebtedness of the Company for borrowed money including, but not limited to, the loans from West Texas State Bank and Norwest Bank Texas, Midland, N.A.
Repayment of Bank Debt. At the Closing, the Purchaser shall repay the Bank Debt (as defined in Section 3.22 hereof ).
Repayment of Bank Debt. Buyer shall pay or cause the Corporation to pay at and in connection with the Closing all Indebtedness of the Corporation owed to the banks and/or institutions listed in Schedule 3.4 on the Closing Date.
Repayment of Bank Debt. The Borrower hereby agrees that, simultaneously with its issuance of the Bonds and the Bank's issuance of the Letter of Credit, a portion of the proceeds derived from the sale of the Bonds shall be paid directly to the Bank for the purpose of paying in full all indebtedness owing under (a) that certain promissory note dated as of October 1, 1996, in favor of Commercial Bank of Fremont (now the Bank) in the original principal amount of $3,537,355.00 (the "Fremont Note"), and (b) that certain promissory note dated as of May 27, 1997, in favor of U.S. Bank (now the Bank) in the original principal amount of $750,000.00 (the "USB Note"). The amount of principal and interest owing under (i) the Fremont Note is $3,481,838.90 of principal and accrued and unpaid interest, and (ii) the USB Note is $709,117.68 of principal and accrued and unpaid interest. (The amounts listed in the preceding clauses (i) and (ii) represent principal and accrued and unpaid interest outstanding under the Fremont Note and the USB Note, respectively, as of December 5, 1998. To the extent that the Fremont Note and the USB Note are repaid prior to December 5, 1998, as is currently anticipated by the parties, the Bank will promptly refund to the Borrower the amount of any overpayment.)
Repayment of Bank Debt. Prior to the Closing Date, the Stockholders shall cause WEK to repay all indebtedness of WEK for borrowed money including, but not limited to, the loan from Valley Bank of Commerce, and shall cause WEK to file all UCC-1 Termination Statements relating to any security interests held by lenders with regard to such indebtedness.
Repayment of Bank Debt. 25 6.10 Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . 25 6.11
Repayment of Bank Debt. At the Closing, Parent shall pay, or cause to be paid, all indebtedness owed by Company to Union Planters Bank and listed on Schedule 6.8.
Repayment of Bank Debt. The Borrower shall have made arrangements satisfactory to the Administrative Agent to fully repay all outstanding principal, accrued interest and fees and other sums due, under the Revolving Credit Agreement, dated as of July 23, 1997, between the Borrower and BNY (the TERMINATING BANK DEBT,), and such agreement shall have been terminated.
