Adjusted Debt Amount definition

Adjusted Debt Amount means Indebtedness of the Company, which, for avoidance of doubt, shall (i) include the amount for capitalized equipment leases, deferred Taxes under the CARES Act, Deferred COVID-19 Rent, and all liabilities and obligations of the Company with respect to gift cards, and (ii) exclude the amount of capitalized real estate Leases.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Adjusted Debt Amount means an amount equal to the Positive Debt Amount minus the Cap Value; provided, however, that if the amount so calculated exceeds ten million US dollars (US$10,000,000), then the Adjusted Debt Amount shall be deemed to equal ten million US dollars (US$10,000,000).

Adjusted Debt Amount means an amount equal to the Positive Debt Amount minus the Cap Value; provided, however, that if the amount so calculated exceeds two million US dollars (US$2,000,000), then the Adjusted Debt Amount shall be deemed to equal two million US dollars (US$2,000,000).”

Examples of Adjusted Debt Amount in a sentence

Until such time as Lender has received the duly executed stock certificates evidencing the shares of common Capital Stock of Parent Borrower described in paragraphs (a) and (b) of this Section 2.9, the Converted Debt Amount and the Converted Adjusted Debt Amount shall constitute Secured Obligations hereunder for all purposes, and upon delivery of such stock certificates, the applicable portion of the Converted Debt Amount or the Converted Adjusted Debt Amount shall be cancelled.
Following such conversion of the Converted Adjusted Debt Amount, the remaining aggregate principal amount of the Term Loan B, all accrued and unpaid interest thereon (including interest accrued but not yet capitalized) and all other fees and Secured Obligations with respect thereto shall remain outstanding as Secured Obligations hereunder.
The amount of Debt outstanding, the Adjusted Debt Amount and the amount of Equity as of the Closing Date shall be determined as provided in Section 1.4. The purchase price as so adjusted is referred to herein as the "Adjusted Purchase Price." For the avoidance of doubt, the term Debt shall not include the then outstanding balances of two accounts payable owed by the Company to Allied Signal in the approximate amounts of $676,000 and $180,000 as of December 31, 1996.
If the Seller Representatives do not deliver the Dispute Notice to Buyer within such fifty (50) calendar day time period, then the determination of the Final Closing Net Working Capital, the Final Cash Amount, the Closing Balance Sheet, Final Adjusted Debt Amount, the Final Seller Transaction Expenses and the Final Seller Closing Payment shall be deemed final and accepted by the Seller Representatives.
Notwithstanding anything herein to the contrary, the parties agree that Contractor shall be permitted to use the Copyrightable Materials (and any Information contained therein which is developed by Contractor) for the limited purpose of creating various reports, case studies, promotional materials and/or proposals, which may be provided to third parties.
The amount of Debt outstanding, the Adjusted Debt Amount and the amount of Equity as of the Effective Time shall be determined as provided in Section 3(c)(iv).
Within twenty-five (25) calendar days after submission to the Independent Accountant for resolution, Buyer and the Seller Representatives each shall submit a written presentation indicating in writing its position on each Disputed Item and each such Party’s resulting determination of the amount of the Final Closing Net Working Capital, Final Cash Amount, the Final Adjusted Debt Amount, the Final Seller Transaction Expenses and the Final Seller Closing Payment.
The proposed Closing Balance Sheet and the Final Closing Net Working Capital, the Final Cash Amount, the Final Adjusted Debt Amount, the Final Seller Transaction Expenses and the Final Seller Closing Payment will be revised by the Independent Accountant as appropriate to reflect the resolution of any such claims pursuant to this Section 2(f)(ii).
Any Debt owed by the Company to Target, and any Debt owed by Target to the Company, shall be ignored in determining the Adjusted Debt Amount and the amount of Debt outstanding.
Any Debt owed by CEWI to Target, and any Debt owed by Target to CEWI, shall be ignored in determining the Adjusted Debt Amount and the amount of Debt outstanding.

More Definitions of Adjusted Debt Amount

Adjusted Debt Amount shall be $2.0 million, increased by the amount of any bonuses (not to exceed $180,000) paid to Target's leadership team pursuant to Section 6.1(b)(vi) hereof (the "Team Bonuses") and by the amount of any additional Debt outstanding as of the Effective Time that has been authorized by Parent under Section 3(c)(ii), (y) Equity and Combined Equity shall be determined without deduction for (i) the amount of any Team Bonuses, (ii) the fees and expenses of the accountants of conducting the audit of the 1994 fiscal year of Target and CEWI requested by Parent (the "1994 Audit Fees"), (iii) any writedown or writeoff of leasehold improvements of Target's Newberg, Oregon facility or any reserves relating to any move from such facility of Target's operations that is contemplated by Parent, or (iv) such other reserves, writedowns or adjustments as may be approved in writing by Parent, and (z) Equity and Combined Equity shall be reduced (regardless of when paid or accrued) by (i) the amount of any legal and accounting fees and expenses incurred by CEWI or Target, as the case may be, with their present counsel and accountants that relate to the transactions contemplated by this Agreement and the Purchase Agreement (as defined in Section 8.1(d)) and any other similar expenses that relate to the representation of the interests of the present shareholders of CEWI or Target with respect to such transactions (other than the 1994 Audit Fees), and (ii) the amount of any fees and expenses incurred to Pacific Crest Securities, Inc. as contemplated by the letter agreement identified in Section 4.26 of this Agreement. Any Debt owed by CEWI to Target, and any Debt owed by Target to CEWI, shall be ignored in determining the Adjusted Debt Amount and the amount of Debt outstanding. For the avoidance of doubt, the term Debt shall not include the then outstanding balances of two accounts payable owed by CEWI to Allied Signal in the approximate amounts of $676,000 and $180,000 as of December 31, 1996. The amount of Debt outstanding, the Adjusted Debt Amount and the amount of Equity as of the Effective Time shall be determined as provided in Section 3(c)(iv). A-3 103 (ii) Target may request that Parent consent to an increase in the Adjusted Debt Amount to permit borrowings by Target to fund actual or expected increased sales volumes and related working capital and capital equipment requirements. Such request may be made by giving written notice to Parent, accompanied by appropriate informa...