Satisfaction of Debt. Purchaser acknowledges and agrees that upon the Purchaser’s use of the Escrow Funds to purchase the Shares pursuant to this Agreement, that the Debt will have been completely satisfied by the Company and will be extinguished in its entirety.
Satisfaction of Debt. (a) On the Satisfaction Date (as defined below), the Company shall issue to MZRL securities (as more particularly described below in paragraph (c) of this Section 1) of the Company having a value equal to $200,000.
Satisfaction of Debt. At or prior to Closing, Seller shall take, or cause NCNG to take, such actions as are necessary to satisfy or extinguish all intercompany debt obligations between NCNG, as borrower, and any of Seller or Seller's Affiliates.
Satisfaction of Debt. Upon receipt by the Investor of the shares of Common Stock and Warrants specified in paragraph 2 above, the Debt shall be deemed to be satisfied and paid in full. By execution of this Agreement, the Investor agrees to execute such additional documents and take such additional steps as the Company deems reasonably necessary and appropriate to acknowledge the full and complete satisfaction of the Debt.
Satisfaction of Debt. (a) On the Satisfaction Date (as defined below), the Company shall transfer to Xxxxxxxx the following:
Satisfaction of Debt. Parent shall have issued shares of Parent Common Stock to satisfy email's obligations pursuant to the advance to email of $500,000 by Xxxxxxx Xxxxxx.
Satisfaction of Debt. At or immediately prior to Closing, Seller shall take, or cause VNG to take, such actions as are necessary to (i) satisfy or extinguish all intercompany debt obligations between VNG, as borrower, and any of Seller or its Affiliates, as lender, (ii) terminate as to VNG the Supplemental Agreement, and (iii) satisfy or extinguish all intercompany payables and receivables between VNG and any of Seller or its Affiliates. Section 5.11
Satisfaction of Debt. 39 8.6. Further Assurances as to ENCNG Rights and Obligations...............39
Satisfaction of Debt. Immediately prior to the Closing, Grace shall cause the Transferred Companies to satisfy and discharge all short-term borrowings and long- term debt, unless otherwise consented to in writing by Buyer.
Satisfaction of Debt. The Parties agree that the Buyer shall, simultaneously with the Closing, satisfy any and all debt relating to the Assets or the Homebuilding Business generally set forth on Schedule 1.12 (the "Debt") attached hereto. SECTION 2.
