Common use of Repayment of Other Indebtedness Clause in Contracts

Repayment of Other Indebtedness. So long as the Notes ------------------------------- remain outstanding, the Company shall not repay any indebtedness for borrowed money owed by the Company to any officer, director, affiliate or insider of the Company.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Speedcom Wireless Corp)

Repayment of Other Indebtedness. So long as the Notes ------------------------------- ---------------------------------- Debentures remain outstanding, the Company shall not use the proceeds from the sale of the Securities by the Company to repay any indebtedness Indebtedness for borrowed money owed by the Company to any officer, director, affiliate or insider of the Company.

Appears in 1 contract

Sources: Debenture and Warrant Purchase Agreement (Appiant Technologies Inc)

Repayment of Other Indebtedness. So long as the Notes ------------------------------- remain Note remains outstanding, the Company shall not repay any indebtedness for borrowed money owed by the Company to any officer, director, affiliate or insider of the Company.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Vertel Corp)

Repayment of Other Indebtedness. So long as the Notes Note ------------------------------- remain remains outstanding, the Company shall not repay any indebtedness for borrowed money owed by the Company to any officer, director, affiliate or insider of the Company.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Vertel Corp)