Examples of Business Indebtedness in a sentence
It is understood that, for purposes of determining Net Working Capital, (i) all of the Business Assets that are Current Assets and all of the Business Liabilities that are Current Liabilities shall be taken into account, (ii) no Excluded Assets shall be taken into account and (iii) no Business Indebtedness shall be taken into account.
For all purposes including for purposes of determining Closing Net Working Capital, Business Cash and Business Indebtedness, the Calculation Principles shall be GAAP applied in a manner consistent with the principles, policies and methodologies used in the preparation of the Audited Financial Statements.
Except as set forth on the Most Recent Financial Statements, the Company does not have any indebtedness for money borrowed or for the deferred purchase price of property or services, or capital lease obligations, or conditional sale or other title retention agreements relating to the Business ("Indebtedness") and is not a guarantor or otherwise liable for any Liability or obligation of any other Person for any matter which relates to or affects or will affect the Business.
Parent shall (i) make available to Buyer drafts of all payoff letters for the repayment of the Existing Business Indebtedness prior to the execution and delivery thereof and provide Buyer with a reasonable opportunity to review such drafts and (ii) provide copies of all executed and delivered payoff letters for the repayment of the Existing Business Indebtedness prior to the Closing.
It is understood that, for purposes of determining Net Working Capital, (i) all of the Business Assets that are Current Assets and all of the Business Liabilities that are Current Liabilities shall be taken into account, (ii) no Excluded Assets or Excluded Liabilities shall be taken into account and (iii) no Business Indebtedness or Transaction Expenses shall be taken into account.