Satisfaction of Creditors Sample Clauses

Satisfaction of Creditors. The Company shall provide evidence reasonably satisfactory to Acquirer that all outstanding Liens or security interests held by the Persons identified on Section 7.3(m) of the Disclosure Schedule on or related to the Purchased Assets have been satisfied or released and the Company shall have taken all steps necessary to terminate all UCC financing statements which have been filed with respect to such Liens or other security interests.
Sample 1
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Satisfaction of Creditors. Debtors represent and warrant that (a) a full and complete list of all or substantially all of their creditors (the "Creditors") is attached hereto as Exhibit "H", (b) Debtors know of no other persons to whom either Debtor owes any debt, liability or obligation, or who has made any claim against Debtor or any of the Collateral, and (c) no such person holds any security interest or other rights in or to any of the Collateral. There shall be no obligation to grant any Shares to CITA, unless and until (i) a registration statement covering the Shares has been declared effective by the Securities and Exchange Commission, and (ii) full and complete releases as to Debtors, Reserva, Hythiam any successor to Hythiam, and the Collateral have been obtained from all or substantially all of the Creditors. Reserva may, in its sole and absolute discretion, agree or cause Hythiam to agree to grant a portion of the Shares before all Creditors have granted releases, if CITA obtains releases from a substantial portion of significant Creditors.
Sample 1
Satisfaction of Creditors. Seller and its Principal Shareholders shall obtain informed consent of its primary creditors, including but not limited to the Internal Revenue Service and First State Bank and Trust, of Tonganoxie, KS, to this transaction. For the purposes of this paragraph a "primary creditor" shall be one in which their balance exceeds $10,000.00 except for Ernst & Young and Lawerence Hurst.
Sample 1
Satisfaction of Creditors. The Company Debtholders holding more than 80% of the aggregate outstanding principal amount of all the Bridge Notes shall have executed and delivered a release in substantially the form attached hereto as Exhibit L.
Sample 1

Related to Satisfaction of Creditors

  • Conditions of Credit Extensions The obligations of the Lenders to make Loans hereunder are subject to the satisfaction of the following conditions:

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Conditions of Credit The obtaining or maintaining of credit hereunder shall be subject to the terms and conditions contained in this Article 8.

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • Reaffirmation of Credit Party Obligations Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

  • Conditions Precedent to All Loans and Letter of Credit Accommodations Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations:

  • Rights of Creditors (a) This Agreement is unfunded. Neither the Director nor any other persons shall have any interest in any specific asset or assets of the Funds by reason of any Deferral Accounts hereunder, nor any rights to receive distribution of his Deferral Accounts except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the Funds, subject to the claims of their general creditors and no person other than the Funds shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

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