Repayment of Employee Loans. Each Employee Loan from any individual that would be a “named executive officer” with regards to the proxy statement for Acquiror’s next annual meeting shall have been repaid in full prior to the Closing Date.
Repayment of Employee Loans. Each of the individuals listed on Schedule 2.17 hereto agrees to remit to the Company that amount set forth opposite his name on such schedule prior to the Closing Date.
Repayment of Employee Loans. The Company Parties shall cause each loan identified on Schedule 6.07 made by the Company to its executive officers and directors in the amounts set forth next to each such borrower’s name on Schedule 6.07, together with all accrued but unpaid interest thereon (collectively, the “Employee Loans”), to be repaid in full and terminated without any further force and effect and without any further liability or other obligation to the Company and its Subsidiaries, no later than one (1) Business Day prior to the Closing Date.
Repayment of Employee Loans. The Company shall cause each loan made pursuant to a promissory note and pledge agreement between a Company Entity and each of the borrowers and holders, to the extent applicable, identified on Schedule V.8 in the amounts set forth next to each such borrower’s name on Schedule V.8, together with all accrued but unpaid interest thereon (collectively, the “Employee Loans”), to be repaid in full and terminated without any further force and effect and without any liability or other obligation to the Company, no later than one (1) Business Day prior to the Closing Date.
Repayment of Employee Loans. As at the date of this Agreement, there are outstanding loans listed in folders 8.2.1 to 8.2.4 of the Project Carbon II Datasite (together being the “Employee Loans”). The Seller will procure that on or immediately following the Closing Date, the Employee Loans shall be repaid. The Seller may, by notice to the Purchaser provided not less three (3) Business Days prior to Closing, notify the Purchaser that it wishes to net off any amounts owing to the Group in respect of the Employee Loans against the Closing Amount, in which case the amount paid by the Purchaser to the Seller on Closing pursuant to Clause 6.3.1 shall be reduced by the corresponding amount of the outstanding Employee Loans (including any and all interest accrued thereon) and thereafter all obligations of each borrower pursuant to their respective Employee Loans shall be deemed to be satisfied.
Repayment of Employee Loans. Each Employee Loan identified on Schedule 6.07 shall have been repaid in full prior to the Closing Date.
Repayment of Employee Loans. Each Employee Loan, to the extent there are any, shall have been repaid in full prior to the Closing Date.
Repayment of Employee Loans. No later than ten (10) Business Days prior to the Closing, the Company shall take such action as may be necessary such that, as of the Closing, (i) all Executive Loans shall be terminated (including by way of automatic termination in accordance with its terms) and of no further continued force or effect without any obligations or liabilities surviving the Closing, and (ii) all accounts payable to either party to such agreements shall be settled and fully discharged with no further obligation or liability to either party.
Repayment of Employee Loans. The Company and the Subsidiary shall use their Reasonable Best Efforts to cause all outstanding promissory notes made by Employees in favor of the Company or any of its subsidiaries, outstanding loans or advances made by the Company or any of its subsidiaries to any Employee or any other outstanding indebtedness for borrowed money owed by an Employee to the Company to be repaid prior to or coincident with the Closing
