Common use of No Debt to Related Parties Clause in Contracts

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;