Aggregate Contra Amount definition

Aggregate Contra Amount means the sum of (i) with respect to the Specified Material Suppliers identified as “GAAP Specified Material Suppliers” on Schedule III attached hereto (as such Schedule III may be updated by the Agent and the Seller from time to time) as of any date of determination, the aggregate amount then owed (whether or not due and payable, and whether pursuant to any supplier agreement, for borrowed money or otherwise) by the Audacy Parties and their consolidated Subsidiaries to such Specified Material Suppliers and (ii) with respect to the Specified Material Suppliers identified as “AP System Specified Material Suppliers” on Schedule III attached hereto (as such Schedule III may be updated by the Agent and Seller from time to time) as of any date of determination, the aggregate amount of accounts payable owing to such Specified Material Suppliers on such date by the Audacy Parties and their consolidated Subsidiaries, as determined by the information contained in Audacy’s accounts payable system on such date.