CL Amount definition
CL Amount means with respect to any CL Lender, the obligation of such CL Lender, if any, to make a Credit-Linked Deposit on the Effective Date in a principal amount equal to the amount set forth under the heading “CL Amount” opposite such CL Lender’s name on Annex I.
CL Amount has the meaning set forth in the recitals.
Examples of CL Amount in a sentence
If Buyer has not obtained a restructuring so as to obtain a reduction in the Capital Leases outstanding equal to the Excluded Capital Lease Amount by the date (the “CL Settlement Date”) that is 24 months following the Closing Date (any portion of the Excluded Capital Lease Amount that has not been successfully reduced being referred to as the “Remaining CL Amount”), then the UPC Shareholder will then make a cash settlement to Seller in the amount equal to 19.9% of the Remaining CL Amount.