Common use of Repayment of Debts Clause in Contracts

Repayment of Debts. If, at the Time of Closing, the Corporation is indebted to the Vendor in an amount recorded on the books of the Corporation and verified by the Auditor or the Corporation’s accountant, the Corporation shall repay such amount to the Vendor at the Time of Closing. If, at the Time of Closing, the Vendor is indebted to the Corporation in an amount recorded on the books of the Corporation and verified by the Auditors or the Corporation’s Accountant, the Vendor shall repay such amount to the Corporation at the Time of Closing and, if the Vendor fails to make such repayment, the Purchaser shall be required to pay the amount of such indebtedness to the Corporation from the Purchase Price and the amount of the Purchase Price payable to the Vendor shall be reduced accordingly.

Repayment of Debts. If, at the Time of Closing, the Corporation is indebted to the Vendor in an amount recorded on the books of the Corporation and verified by the Auditor or the Corporation’s accountantAuditor, the Corporation shall repay such amount to the Vendor at the Time of Closing. If, at the Time of Closing, the Vendor is indebted to the Corporation in an amount recorded on the books of the Corporation and verified by the Auditors or the Corporation’s AccountantAccountants, the Vendor shall repay such amount to the Corporation at the Time of Closing and, if the Vendor fails to make such repayment, the Purchaser shall be required entitled to pay the amount of such indebtedness to the Corporation from the Purchase Price and the amount of the Purchase Price payable to the Vendor shall be reduced accordingly.

Repayment of Debts. If, at the Time of Closing, the Corporation Company is indebted to the Vendor in an amount recorded on the books of the Corporation Company and verified by the Auditor or the Corporation’s accountantAccountant, the Corporation Company shall repay such amount to the Vendor at the Time of Closing. If, at the Time of Closing, the Vendor is indebted to the Corporation Company in an amount recorded on the books of the Corporation Company and verified by the Auditors or the Corporation’s Accountant, the Vendor shall repay such amount to the Corporation Company at the Time of Closing and, if the Vendor fails to make such repayment, the Purchaser shall be required to pay the amount of such indebtedness to the Corporation Company from the Purchase Price and the amount of the Purchase Price payable to the Vendor shall be reduced accordingly.