Common use of Closing Indebtedness Clause in Contracts

Closing Indebtedness. Each person entitled to receive payments of -------------------- Closing Indebtedness shall have executed and delivered to NetSelect and MSS instruments in form and substance reasonably satisfactory to counsel for MSS and NetSelect, evidencing receipt of full payment for the Closing Indebtedness owed to such person.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Homestore Com Inc)

Closing Indebtedness. Each person entitled to receive payments of -------------------- Closing Indebtedness shall have executed and delivered to NetSelect and MSS Enterprise instruments in form and substance reasonably satisfactory to counsel for MSS Enterprise and NetSelect, evidencing receipt of full payment for the Closing Indebtedness owed to such person.

Appears in 1 contract

Sources: Exchange Agreement (Homestore Com Inc)