Common use of Debt Adjustment Clause in Contracts

Debt Adjustment. The Cash Consideration shall be decreased by the principal amount and accrued and unpaid interest and any other outstanding obligations of any indebtedness for borrowed money of the Companies, if any, as of the Adjustment Time, excluding, however, any Intercompany Payables and any amounts included in the calculation of Working Capital.

Appears in 2 contracts

Sources: Purchase Agreement (Media General Inc), Purchase Agreement (Cox Communications Inc /De/)