Common use of No Debt to Related Parties Clause in Contracts

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;