Common use of No Debt to Related Parties Clause in Contracts

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;