Assumed Debt has the meaning set forth in Section 2.2.
Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.
Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.
Closing Debt means the aggregate principal amount of, and accrued interest on, all Debt of the Company as of the close of business on the day immediately preceding the Closing Date.
Closing Indebtedness means the amount of Indebtedness of the Company Group determined on a consolidated basis as of immediately prior to the Closing, determined in accordance with the Accounting Methodology and without giving effect to the transactions contemplated hereby.
Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.
Acquired Companies means, collectively, the Company and the Company Subsidiaries.
Seller Parent has the meaning set forth in the Preamble.
Target Companies or “Target Group” means the Company and the Subsidiaries, “Target Company” means any of them and the expression “relevant Target Company” shall be construed accordingly;