REPAYMENT OF RELATED PARTY INDEBTEDNESS. Concurrently with the execution of this Agreement, (a) the Stockholders shall repay to the Company all amounts outstanding as advances to or receivables from the Stockholders, each of which advances or receivables is specifically reflected in Schedule 5.07, and (b) the Company shall repay all amounts outstanding under loans to the Company from the Stockholders, each of which loans to the Company is specifically reflected in Schedule 5.06.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Concurrently with the execution of this Agreement, (a) the Stockholders shall repay to the Companies all amounts outstanding as advances to or receivables from any Stockholder, each of which advance or receivable is specifically reflected on Schedule 3.6, and ------------ (b) each Company shall repay all amounts outstanding under loans to such Company from any Stockholder, each of which loans is specifically reflected on Schedule -------- 3.5. ---
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Immediately before the Closing, (a) the Seller and the Selling Shareholders shall repay to the Companies all amounts outstanding as advances to or receivables from the Seller or the Selling Shareholders, each of which advances or receivables is specifically reflected in Schedule 6.2, and (b) the Companies shall repay all amounts outstanding under loans to the Companies from the Seller and the Selling Shareholders, each of which loans to the Companies is specifically reflected in Schedule 6.2.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Immediately after the consummation of the Merger contemplated herein, the Stockholder shall repay to the Company all amounts outstanding as advances to or receivables from the Stockholder, each of which advance or receivable is specifically reflected in Schedule 5.7. Further, immediately after the Merger, BVI agrees to cause the Surviving Corporation to repay all amounts outstanding under the loans to the Company from the Stockholder or his Affiliates, each of which loan to the Company is specifically reflected in Schedule 5.6.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Except as set forth on Schedule 7.3, at or before the Closing, each Target Shareholder shall repay to Target all amounts outstanding as advances to or receivables from such Target Shareholder, each of which advances or receivables is specifically reflected in Schedule 5.8.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. At Closing, (i) the Company Stockholders shall repay to the Company all amounts outstanding as advances to or receivables from the Company Stockholders, and (ii) the Company shall repay all amounts outstanding under loans to the Company from the Company Stockholders. Such advances, receivables and loans, and the amounts thereof, are listed on Schedule 5.5. Notwithstanding the foregoing, at Closing, the Company shall pay to Mr. James W. Cassels a bonus of $337,000 and a bonus of $130,979.16 to Xx. Xxxxxxx X. Cassels, such amounts shall be treated as compensation xx xxxx xxxxxxx, who together with all other Company Stockholders shall immediately repay all amounts they owe the Company.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Immediately after the Merger, Vital Images agrees to cause the Surviving Corporation to repay certain indebtedness of the Company to its officers, employees and consultants, the amount of which indebtedness is specifically reflected in Schedule 6.15 (the “Related Party Indebtedness”). The amount of the Related Party Indebtedness will be deducted from the Closing Date Cash Consideration for such purpose.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Prior to or at the Effective Time, (a) Shareholders shall repay to each Acquired Entity all amounts outstanding as advances to or receivables from Shareholders, each of which advances or receivables is specifically reflected in Schedule 5.25, and (b) each Acquired Entity shall repay all amounts outstanding under loans to that Acquired Entity from Shareholders, each of which loans is specifically reflected in Schedule 7.08.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Concurrently with the Closing, the Stockholders shall repay to the Company or its Subsidiaries all amounts outstanding as advances to or receivables from the Stockholders. Such advances and receivables, and the amounts thereof, are listed on Schedule 8.4.
REPAYMENT OF RELATED PARTY INDEBTEDNESS. Concurrently with the execution of this Agreement, (a) Seller shall repay to the Company all amounts outstanding as advances to or receivables from Seller, each of which advances or receivables is specifically reflected in SCHEDULE 3.8, and (b) the Company shall repay all amounts outstanding under loans to the Company from Seller, each of which loans to the Company is specifically reflected in SCHEDULE 3.7.
