Debt Reduction Sample Clauses

Debt Reduction. Create a strategy to reduce debts and avoid future accumulated debt.  WealthVision Access – Access to the WealthVision aggregation tool to simplify and organize assets, liabilities, cash flow and insurance in one financial dashboard.  Windfall / Inheritance Planning – Creating a strategy to allocate a significant increase in resources for future needs and objectives.  Insurance Needs – planning for the financial needs of survivors to satisfy such financial obligations as housing, dependent child care, education and spousal arrangements  Estate Planning – planning that focuses on the most efficient and tax friendly option to pass on an estate to a spouse, other family members or a charity.  Written Plan or  No Written Plan Advisor, through its investment advisor representatives, provides personal financial plans consistent with a client’s financial status, investment objectives and tax status. Investment Advisor Representative will obtain the necessary financial data from the Client to prepare the financial plan. Fees for the financial planning services are negotiable. Advisor and the Investment Advisor Representative share in the fee. Client(s) may choose to periodically update his/her personal financial plan through Advisor and Investment Advisor Representative. Such updates may be conducted at the election of the Client and a new agreement disclosing the services and fees will be required between Advisor the Client and the Investment Advisor Representative. Advisor charges on an hourly or flat fee basis for financial planning and consulting services. The total estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of the engagement. Prosperion Planning charges an upfront, monthly fee for financial planning and advice. The Client may elect to pay the monthly fee by check or through a qualified, unaffiliated third-party processor. The Client will receive an emailed receipt following each monthly payment. The Advisor does not require or solicit prepayment of more than $500 in fees per client, six months or more in advance. Any increase in fee will require the Client and Advisor sign a new agreement with added services selected. In the event that a Client terminates services, the fee will be prorated based on the number of days remaining in the month and any unearned fee will be refunded to the client. The Advisor will not be compensated on the basis of capital gains (performance fees). Client understands that Advisor ...

Debt Reduction. On the Closing Date, ▇▇▇▇▇ shall have acquired all rights under the Fleet Loan Documents, the amount of indebtedness of the Company under the Fleet Loan Documents shall have been reduced to $2,000,000, and all events of default, defaults, and matters that with the passage of time would mature into defaults under the Fleet Loan Documents shall have been waived by ▇▇▇▇▇ as of the Closing Date. This Agreement and the Transaction Documents and consummation of the transactions contemplated hereby and thereby will not violate any provisions of the Fleet Loan Documents as revised. The Fleet Loan Documents as revised and as shall be in full force and effect on the Closing Date contain no financial covenants, negative covenants or affirmation covenants that could have a Material Adverse Effect on the Company and its subsidiaries taken as whole. None of the Company or any of its officers, directors, employees, agents or affiliates are parties to any side letters or other agreements with ▇▇▇▇▇, Fleet or any of their respective officers, directors, employees, agents or affiliates other than the Sixth Loan Modification Agreement. None of the Company or any officers, directors, employee, agent or affiliate of the Company or any of its subsidiaries is affiliated with or otherwise related to ▇▇▇▇▇ or any of its officers, directors, employees, agents or affiliates.

Debt Reduction. Immediately prior to the Subsequent Closing, total outstanding indebtedness for funded debt or available borrowings to the Company, not including the Notes issued at the Initial Closing, shall not exceed $114 million, including debt evidenced by loans from the FCC and Lucent Technologies, Inc., and all documentation governing or evidencing such indebtedness and any collateral therefor shall be acceptable to each Purchaser in its sole and absolute discretion.

Debt Reduction. On the Closing Date, ▇▇▇▇▇ shall have acquired all rights under the Fleet Loan Documents, the total amount of indebtedness of the Company under the Fleet Loan Documents shall have been reduced to $2,000,000, and all events of default, defaults, and matters that with the passage of time would mature into defaults under the Fleet Loan Documents shall have been waived by ▇▇▇▇▇ as of the Closing Date, and the Sixth Loan Modification Agreement shall have been executed and delivered by the parties thereto and shall be in full force and effect.

Debt Reduction. (a) The Company shall use commercially reasonable efforts, subject to any restrictions set forth in this Section 4, to obtain a net reduction in the amount of unsecured liabilities of the Company as of the Unaudited Balance Sheet Date by at least $1,500,000. (b) The Company shall use commercially reasonable efforts to obtain a release from U.S. Bancorp Libra, a division of U.S. Bancorp Investments, Inc., a Minnesota corporation ("U.S. Bancorp") and the other holders of convertible promissory notes (the "Note Holders") pursuant to that certain Investment Agreement dated as of August 15, 2000 by and among the Company, IRSII, IRSI Japan, U.S Bancorp and the investors set forth on Exhibit A thereto (the "Investment Agreement"), in form and substance satisfactory to Parent, providing that, upon payment at the Closing of any outstanding principle and accrued but unpaid interest, the Note Holders will waive and forever discharge the obligation of the Company (and its successors and assigns) as to the thirty percent (30%) premium payable to the Note Holders in connection with a change of control pursuant to Section 2.5(b) of the Investment Agreement (the "Change of Control Premium"). (c) The Company shall use commercially reasonable efforts to obtain an agreement with U.S. Bancorp to accept shares of Parent Common Stock in lieu of cash in full satisfaction of the Company's obligation to U.S. Bancorp (excluding the Change of Control Premium); provided, however, that the number of shares of Parent Common Stock to be issued thereunder shall not exceed an amount equal to (1) the Company's total obligation to U.S. Bancorp (other than the Change of Control Premium), divided by (2) the average of the closing sale prices of a share of Parent Common Stock as reported on the Nasdaq National Market for each of the ten (10) consecutive trading days preceding the date three (3) days prior to the Closing (the "Closing Stock Price").

Debt Reduction. The Company shall have made appropriate arrangements to obtain debt reduction of approximately $2,000,000.

Debt Reduction. In conjunction with a suitably qualified mortgage broker, we will identify strategies that may speed up the debt reduction process and where applicable report our findings to you.

Debt Reduction. At closing, Lender shall give to Seller a credit -------------- for debt reduction to Lender in the amount of Five Million Five Hundred Twenty Nine Thousand Five Hundred One Dollars and no/100 ($5,529,501.00). This credit shall be made against debt currently owed by Seller to Lender.

Debt Reduction. The total debt reduction resulting from the exchange of Assets shall be One Million Nine Hundred Thousand Dollars ($1,900,000); which debt reduction shall become effective on the Closing Date by the cancellation of the January 2003 Notes and issuance of the New ▇▇▇▇▇▇▇▇ Note in exchange therefor.