Satisfaction of Obligations to Directors Sample Clauses

Satisfaction of Obligations to Directors. Except for normal and customary compensation and expense allowances payable to such directors in the ordinary course of Macrospace’s business, prior to the Closing, all loans, debts, obligations or liabilities incurred by Macrospace or any of its subsidiaries to any of its directors, including, without limitation, the loan owed by Macrospace to Sxxxxx Xxxxxxx as reflected in the Balance Sheet (the “Sxxxxx Loan”), shall be paid by Macrospace to the extent of available cash held by Macrospace prior to and on the Closing Date.
Sample 1
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Satisfaction of Obligations to Directors. At or prior to the Closing, all loans, debts, obligations or liabilities incurred by iFone or any of its subsidiaries to any of its directors, except for normal and customary compensation and expense allowances payable to such directors in the ordinary course of iFone’s business, shall be paid in full by iFone, provided any such obligations or liabilities paid at the Closing will be paid by virtue of the Transaction Payment, except that the repayment and discharge of the Sega Loans pursuant to Section 2.2 shall not be deducted from or paid by virtue of the Transaction Payment, but shall be in addition to the Transaction Payment.
Sample 1

Related to Satisfaction of Obligations to Directors

  • Conditions to Obligation of the Depositor The obligation of the Depositor to purchase the Receivables is subject to the satisfaction of the following conditions:

  • Satisfaction of Obligations The Borrower shall pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves with respect thereto have been provided on the books of the Borrower.

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is also subject to the satisfaction, or waiver by Parent, at or prior to the Effective Time, of the following conditions:

  • Conditions to Obligation of the Company to Effect the Merger The obligation of the Company to effect the Merger is further subject to the satisfaction (or waiver by the Company to the extent permitted by applicable Law) of the following conditions: (a) The representations and warranties of Parent and Merger Sub set forth in Article 4 (without regard to any qualifications as to materiality or Parent Material Adverse Effect contained in such representations and warranties) shall be true and correct both when made and at and as of the Closing Date, as if made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such date), except where the failure of such representations and warranties to be so true and correct would not have, individually or in the aggregate, a Parent Material Adverse Effect. (b) Parent and Merger Sub shall have performed in all material respects all obligations and complied in all material respects with all covenants required by this Agreement to be performed or complied with by them prior to the Effective Time. (c) Parent shall have delivered to the Company a certificate, dated as of the Closing Date and signed by its Chief Executive Officer or another senior officer, certifying to the effect that the conditions set forth in Section 6.2(a) and Section 6.2(b) have been satisfied.

  • Conditions to Obligation of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Conditions to Obligations of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • Conditions to Obligations of Company The obligation of Company to effect the Merger is also subject to the satisfaction or waiver by Company at or prior to the Effective Time of the following conditions:

  • Conditions to Obligations of Each Party to Effect the Merger The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

  • Conditions Precedent to Obligation of the Company The obligation of the Company to effect the Exchange and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

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