The Debt Clause Samples

The Debt. For purposes of this Agreement, the term "

The Debt. At the Closing (as defined herein), the Company shall have a debt obligation towards the Creditor in the aggregate amount of $675,000 (the "Scan Payment") which shall be paid to the Creditor in quarterly installments over a period of ten years commencing January 1, 2011 (the "Scan Installments"). The obligations of the Creditor pursuant to this Agreement are subject to the receipt by the Creditor of: (i) true and correct copies of resolutions of the Company's Board of Directors authorizing the Company to enter into this Agreement, and authorizing an officer of the Company to enter into such documents and their respective exhibits, annexes and schedules, in the form attached hereto as Exhibit A; (ii) an executed Share Purchase Agreement relating to the sale of Scan and IRT Scan to third party purchasers, including the exhibits thereto, attached hereto as Exhibit B; and (iii) copies of the consents of the Banks to the terms of this Agreement. The closing of the transaction contemplated herein and the execution and delivery to the Creditor of the above documentation (the "Closing") shall take place at the offices of Matry, Meiri & Co. Law Offices or at such other place, date and time as the Company and the Creditor may agree For the purposes of this Agreement including all of its schedules, exhibits and annexes, the “Effective Date” shall be deemed the Closing.

The Debt. The Customer acknowledges and agrees that it owed the sum of $1,722.646.48, as of July 15, 1997, made up as follows;

The Debt. Service Reserve may be applied against the Borrower’s payment obligations under this Agreement pursuant to Clause 7.6.1 (a) (ii).

The Debt. Total Amount of Debt When Case was Filed $ Total Amount of Debt Reaffirmed $ Above Total includes the following: Interest Accrued to Date of Agreement $ Attorney Fees $ Late Fees $ Other Expenses of Costs Relating to the Collection of this Debt (Describe) $ Annual Percentage Rate (APR) % Amount of Monthly Payment $ Date Payments Start Total Number of Payments to be made Total of Payments if paid according to schedule Date Any Lien Is to Be Released if paid according to schedule The debtor agrees that any and all remedies available to the creditor under the security agreement remain available. All additional Terms Agreed to by the Parties (if any): Form B240/Oakland Revision cont. 3 of 5 Payments on this debt [were][were not] in default on the date on which this bankruptcy case was filed. This agreement differs from the original agreement with the creditor as follows: Description of Collateral. If applicable, list manufacturer, year and model: Value $ Basis or Source for Valuation Current Location and Use of Collateral Expected Future Use of Collateral Check Applicable Boxes: ~ Any lien described herein is valid and perfected. ~ This agreement is part of a settlement of a dispute regarding the dischargeability of this debt under section 523 of the Bankruptcy Code (11 U.S.C. § 523) or any other dispute. The nature of dispute is . My Monthly Income (take home pay plus any other income received) is $ . My current monthly expenses total $ , not including any payment due under this agreement or any debt to be discharged in this bankruptcy case. I believe this agreement [will][will not] impose an undue hardship on me or my dependents. Form B240/Oakland Revision cont. 4 of

The Debt. For purposes of this Agreement, the term "Debt" is defined as the Revolving Loan and those additional obligations of the Borrower defined in Article 1 and Article 2 of this Agreement.

The Debt. Neither Borrower nor any Guarantor has any known material contingent liabilities, except for contingent liabilities of any Guarantor explicitly set forth on the most recent financial statements of such Guarantor that were delivered to Lender in connection with the Loan.

The Debt. Total Amount of Debt When Case was Filed $ Total Amount of Debt Reaffirmed $ Above total includes the following: Interest Accrued to Date of Agreement $ Attorney Fees $ Late Fees $ Other Expenses or Costs Relating to the Collection of this Debt (Describe) $ Annual Percentage Rate (APR) % Amount of Monthly Payment $ Date Payments Start Total Number of Payments to be made Total of Payments if paid according to schedule Date Any Lien Is to Be Released if paid according to schedule The debtor agrees that any and all remedies available to the creditor under the security agreement remain available. All additional Terms Agreed to by the Parties (if any): Payments on this debt [were][were not] in default on the date on which this bankruptcy case was filed. This agreement differs from the original agreement with the creditor as follows:

The Debt. Equity Ratio of the applicant (Single Entity / Each Member of Joint Venture / Consortium), for the last three finical year should be equal or less than 1.2. The details shall be duly certified by the Chartered Accountant.