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

  • 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).

  • 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.

  • Directly or indirectly, purchase, redeem, defease or pay any principal, interest, fee, commission or other amount relating to any Indebtedness (including, for certainty, Related Party Indebtedness) other than Indebtedness owing by the Borrower to the Lender or Permitted Debt.

  • 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 will have no (i) Indebtedness, including Related Party Indebtedness, except as otherwise agreed by Buyer as contemplated by this Agreement, or (ii) accrued salaries or payroll taxes in excess of the Accrued Salary and Payroll Tax Cap.


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 means, without duplication, any and all indebtedness of either Company for payment of any amount to any Related Party.
Related Party Indebtedness means any and all Liabilities of either of the Sellers for payment of any Indebtedness to any Related Party.
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 3.29.
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 those amounts owing by any Acquired Company to any Related Party.