Repayment of Related Party Loans Sample Clauses

Repayment of Related Party Loans. All receivables of each Acquired Company or other amounts owing to each Acquired Company by any Related Party shall be paid in full prior to the Closing Date, except to the extent reflected in Closing Date NWC. All receivables of any Related Party or other amounts owing to any such Person by an Acquired Company, other than reasonable expense reimbursements in the ordinary course of business or amounts owing to such Related Party as salary, bonus or other employment-related compensation or benefits in the ordinary course of business (collectively, the “Related Party Loans”), shall be paid in full at or prior to the Closing; provided, however, that the foregoing modify or alter in any way the representations and warranties of the Partners in ‎Section 2.10(e).
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Repayment of Related Party Loans. All receivables of the Company and each of its Subsidiaries or other amounts owing to the Company or its Subsidiaries by any director, officer or employee of the Company or any of its Subsidiaries or by any Stockholder or any Affiliate of the Company or any Affiliate of a Stockholder shall be paid in full prior to the Closing Date. All receivables of any director, officer or employee of the Company or its Subsidiaries or of any Stockholder or any Affiliate of the Company or any Affiliate of a Stockholder or other amounts owing to any such Person by the Company or any of its Subsidiaries, other than reasonable expense reimbursements in the ordinary course of business, shall be paid in full prior to the Closing Date.
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Repayment of Related Party Loans. Each Related Party Loan shall be repaid by the obligor thereof immediately prior to the Effective Time.
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Repayment of Related Party Loans. IQX shall have received -------------------------------- repayment in full of all loans and other amounts owed to it by any director, officer or employee of IQX, and any affiliates or associates thereof.
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Repayment of Related Party Loans. Each Related Party Loan shall be repaid to the Company or the Surviving Corporation, as the case may be, on or before the first to occur of (a) the maturity date pursuant to the terms of such loan or (b) the first sale or other disposition by the obligor of such Related Party Loan of Parent Common Stock received in the Merger.
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Repayment of Related Party Loans. Learning Curve shall ------------------------------------ cause any Related Party that has any obligation to Learning Curve or any of its Subsidiaries pursuant to any loan, advance or other debt outstanding as of the date of this Agreement to repay such loan, advance or other debt in full at or prior to the Closing Date; provided, however, that the Stock Option Loans shall be repaid as provided in section 2.8 hereof.
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Repayment of Related Party Loans. The Seller shall pay, or cause to be paid, in full, all outstanding loans from the Company to the Seller or any person related to the Seller, as more specifically identified in Schedule 5.9(b).
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Repayment of Related Party Loans. The Company shall have been -------------------------------- repaid all of its loans or other amounts owed to it by the Persons identified on the Affiliated Transactions Schedule. --------------------------------
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Repayment of Related Party Loans. The Companies shall have -------------------------------- received repayment in full of all loans and other amounts owed to them by the Shareholder as provided in Section 3.3, and any director, officer, and employee of the Companies, and any affiliates or associates thereof.
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Related to Repayment of Related Party Loans

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • Repayment of Swing Line Loans The Borrower shall pay each Swing Line Loan in full on the date selected by the Administrative Agent. In addition, the Swing Line Lender may at any time in its sole discretion with respect to any outstanding Swing Line Loan require each Lender to fund the participation acquired by such Lender pursuant to Section 2.21(c) or require each Lender (including the Swing Line Lender) to make a Revolving Loan in the amount of such Lender’s Revolving Percentage of such Swing Line Loan (including, without limitation, any interest accrued and unpaid thereon) for the purpose of repaying such Swing Line Loan. Not later than noon (Minneapolis time) on the date of any notice received pursuant to this Section, each Lender shall make available its required Revolving Loan, in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. Revolving Loans made pursuant to this Section shall initially be Base Rate Loans and thereafter may be continued as Base Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.7 and subject to the other conditions and limitations set forth in this Article II. Unless a Lender notifies the Swing Line Lender, prior to its making any Swing Line Loan, that any applicable condition precedent set forth in Section 4.1 or 4.2 has not been satisfied, such Lender’s obligation to make Revolving Loans pursuant to this Section to repay Swing Line Loans or to fund the participation acquired pursuant to Section 2.21(c) shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including, without limitation, (a) any set-off, counterclaim, recoupment, defense or other right that such Lender may have against the Borrower, the Administrative Agent, the Swing Line Lender or any other Person, (b) the occurrence or continuance of a Default or Event of Default, (c) any adverse change in the condition (financial or otherwise) of the Borrower, or (d) any other circumstances, happening or event whatsoever. In the event that any Lender fails to make payment to the Administrative Agent of any amount due under this Section, interest shall accrue thereon at the Federal Funds Effective Rate for each day during the period commencing on the date of demand and ending on the date such amount is received, and the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Administrative Agent receives such payment from such Lender or such obligation is otherwise fully satisfied. On the Facility Termination Date, the Borrower shall repay in full the outstanding principal balance of the Swing Line Loans.

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

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