Common use of Repayment of Debts Clause in Contracts

Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Surviving Corporation in full any outstanding indebtedness, if any, owed to the Company by them or their families.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Investment Agreement (MCS Inc), Agreement and Plan of Merger and Investment Agreement (Simione Central Holdings Inc), Merger Agreement (Mestek Inc)

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Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Surviving Corporation Company in full any outstanding indebtedness, if any, indebtedness owed to the Company by them or their families.

Appears in 1 contract

Samples: Stock Purchase Agreement (Imnet Systems Inc)

Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Surviving Corporation in full any outstanding indebtedness, if any, indebtedness owed to the Company by them or their families.

Appears in 1 contract

Samples: Merger Agreement (Imnet Systems Inc)

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Repayment of Debts. At the Closing, all officers, directors, stockholders and employees of the Company shall repay to the Surviving Corporation Company or Purchaser in full any outstanding indebtedness, if any, owed to the Company by them or their families.

Appears in 1 contract

Samples: Merger Agreement (Simione Central Holdings Inc)

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