No Debt to Related Parties Sample Clauses
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No Debt to Related Parties. The Company is not, and on Closing will not be, materially indebted to any of the Vendors nor to any family member of any of the Vendors, nor to any affiliate, director or officer of the Company or the Vendors except as set forth in Schedule "F" hereto;
No Debt to Related Parties. Neither Piper nor any of its subsidiaries is, and on Closing will not be, indebted to any affiliate, director or officer of Piper except accounts payable on account of bona fide business transactions of Piper incurred in normal course of the Piper Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Neither MailTec nor its subsidiaries are, and on Closing will not be, materially indebted to any affiliate, director or officer of MailTec except accounts payable on account of bona fide business transactions of MailTec incurred in normal course of the MailTec Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “D” hereto, neither SUNO nor its subsidiaries are, and on Closing will not be, indebted to any affiliate, director or officer of SUNO;
No Debt to Related Parties. Except as disclosed in Schedule “D” hereto, neither SRLT nor its subsidiaries are, and on Closing will not be, indebted to any affiliate, director or officer of SRLT;
No Debt to Related Parties. Save and except for the Promissory Note, ---------------------------- the Company is not, and on Closing will not be, materially indebted to the Company Shareholders nor to any family member thereof, nor to any affiliate, director or officer of the Company or the Company Shareholders except accounts payable on account of bona fide business transactions of the Company incurred in normal course of the Company Business, including employment agreements with Company Shareholders, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “N” hereto, neither SURGE nor its subsidiaries are, and on Closing will not be, materially indebted to the SURGE Shareholders nor to any family member thereof, nor to any affiliate, director or officer of SURGE or the SURGE Shareholders except accounts payable on account of bona fide business transactions of SURGE incurred in normal course of SURGE Business, including employment agreements with the SURGE Shareholders, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “D” hereto, neither Haystar nor any of its subsidiaries is, and on Closing will not be, indebted to any affiliate, director or officer of Haystar except accounts payable on account of bona fide business transactions of Haystar incurred in normal course of the Haystar Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule 1.1.30 hereto, Wallace Mountain is not, and on Closing will not be, ▇▇▇▇▇▇ed to any affiliate, director or officer of Wallace Mountain except accounts payable on account of ▇▇▇▇ ▇ide business transactions of Wallace Mountain incurred in normal course of the Wall▇▇▇ ▇▇▇ntain Business, including employment agreements, none of which are more than 30 days in arrears;
No Debt to Related Parties. Except as disclosed in Schedule “E” hereto, neither Boundless nor its subsidiaries are, and on Closing will not be, materially indebted to any affiliate, director or officer of Boundless except accounts payable on account of bona fide business transactions of Boundless incurred in normal course of the Boundless Business, including employment agreements, none of which are more than 30 days in arrears;