Adjustment for Outstanding Indebtedness. The Purchase Price shall be decreased by the amount of any outstanding indebtedness of the Company existing as of the Closing Date and the deducted amount shall be utilized to pay off such outstanding indebtedness.
Appears in 3 contracts
Samples: Stock Purchase Agreement (1847 Holdings LLC), Stock Purchase Agreement (1847 Holdings LLC), Stock Purchase Agreement (1847 Holdings LLC)
Adjustment for Outstanding Indebtedness. The Purchase Price shall be decreased by the amount of any outstanding indebtedness of the Company existing as of the Closing Date and the deducted amount shall be utilized to pay off such outstanding indebtedness. Indebtedness of the Company shall not include the Payroll Protection Plan Loan.
Appears in 2 contracts
Samples: Stock Purchase Agreement (1847 Holdings LLC), Stock Purchase Agreement (1847 Holdings LLC)
Adjustment for Outstanding Indebtedness. The cash portion of the Aggregate Purchase Price shall be decreased by the amount of any outstanding indebtedness of the Company Companies existing as of the Closing Date and the deducted amount shall be utilized to pay off such outstanding indebtednessDate.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (1847 Holdings LLC)
