Related Party Indebtedness definition

Related Party Indebtedness means any Indebtedness owed by the Company to any Seller or any Affiliate of any Seller or owed by any Seller or any Affiliate of any Seller to the Company.

Related Party Indebtedness means the Indebtedness of the Borrower to a Related Party.

Related Party Indebtedness has the meaning given to it in Section 5.09.

Examples of Related Party Indebtedness in a sentence

• From and after the Closing, Assignee will take all action and execute all documents necessary to ensure that the Related Party Indebtedness in Assignor is extinguished.

• The Company agrees that the proceeds of this Note shall be used for general working capital purposes but shall not be used to pay any indebtedness for borrowed money or to pay any Related Party Indebtedness (as hereinafter defined).

• In consideration of and in exchange for the sale, assignment, transfer and conveyance of the Business and the Assets, Assignee agrees to cancel and release Assignor in connection with any obligations owned to Assignee for the Related Party Indebtedness.

• At Closing, the Company may be sold free of any cash, and will have (i) no Related Party Indebtedness and (ii) no accrued salaries and payroll taxes in excess of One Hundred Thirty Five Thousand Dollars ($135,000) (the “Accrued Salary and Payroll Tax Cap”).

• Buyer further agrees to cancel and release Seller in connection with any obligations owned to Buyer for the Related Party Indebtedness.

More Definitions of Related Party Indebtedness

Related Party Indebtedness means Indebtedness owing by the Seller (other than the Excluded Seller) or the Project Owner to any Vale Affiliate.

Related Party Indebtedness shall have the meaning set forth in Section 3.29.

Related Party Indebtedness includes any debts owed by Borrower or by any of its affiliates to any affiliate, vendor, partner, director, officer, employee, or shareholder (or the family relation of any of the foregoing) of Borrower or its affiliates;

Related Party Indebtedness shall have the meaning set forth in Section 7.9 hereto.

Related Party Indebtedness means all of the Company's obligations or indebtedness (including principal and any interest thereon) for borrowed funds or for unpaid salaries, fees or other compensation owed to any of its officers, directors, stockholders or their affiliates, for whatever purpose made and whether or not evidenced by a note, bond, debenture or other formal instrument, excluding, for the purposes hereof, any salaries or fees payable on a current basis or accrued during the 1999 fiscal year to officers and directors in the ordinary course of the Company's business and any amounts paid to stockholders in connection with the exercise of statutory and/or contractual rescission rights entered into prior to the date of this Note.

Related Party Indebtedness means all Indebtedness of the Borrowers or any of them to any Affiliate, any former Affiliate, any owner of any legal or beneficial interest in any of the Borrowers, or any former such owner, including, without limitation, all Indebtedness of

Related Party Indebtedness means any and all Liabilities of ADSI for payment of any amount to any Related Party and any and all Liabilities of the Company for payment of any amount to any Related Party.