Definition of CCSI Seller Debt


CCSI Seller Debt means the Indebtedness of QSGI-CCSI and Parent under the Subordinated Secured Convertible Note in the form attached to the CCSI Stock Purchase Agreement by QSGI-CCSI and Parent to John R. Riconda in the original principal amount of $10,000,000.
Sample 1

Examples of CCSI Seller Debt in a sentence

The Companies shall not without the prior written consent of Required Holders (a) permit the charter, by-laws or other organizational documents of any Company to be amended or modified without the prior written consent of the Agent, or (b) amend or otherwise modify, or waive any rights under the CCSI Seller Debt, the CCSI Acquisition Documents or the Series A Preferred Stock Documents.