Closing Credit definition

Closing Credit has the meaning set forth in the Second Amendment.
Sample 1
Closing Credit means the aggregate amount of funds, if any, provided by Buyer or any Affiliate thereof to, and actually received by, Seller prior to Closing, in each case upon the request of Seller, specifically for the purpose of defraying the cost of the HRSG Overhaul (it being understood that Buyer shall be responsible for paying or reimbursing Seller for 100% of the actual documented cost of the HRSG Overhaul) and payments by Buyer to Seller under a certain Agreement between Buyer and Seller, dated August 28, 2006, with respect to steam turbine repair prior to Closing (the “Steam Turbine Repair”). Prior to the date hereof, Buyer has paid Seller $4,932,772.73 for the cost of the HRSG Overhaul and it is anticipated that between the date hereof and Closing Buyer will pay an additional $67,227.27 towards the HRSG Overhaul and Buyer has paid Seller zero dollars for the cost of the Steam Turbine Repair and it is anticipated that between the date hereof and Closing Buyer will pay an additional $4,500,000.00 towards the Steam Turbine Repair.
Sample 1
Closing Credit means, only if a positive number (i.e., if it is not a positive number, the Closing Credit shall be deemed to be zero), an amount equal to 70% of the earnings before interest and taxes of the Business for the period between March 31, 2024 and the Closing, calculated in a manner consistent with Schedule VII.
Sample 1

Examples of Closing Credit in a sentence

  • Education Lending in Niger ID 1981 21.527$3.43 198712/31/199518.426.20.36 1994 12/31/2001 41.4 75.80 0.57 2001 12/31/2003 15.4 15.4 0 96.7 144.5 4.36 2003 12/31/2007 30* 300.5 200312/31/200412.212.2 2000 US10.4 (approx) Completed Projects Project Approval Closing Credit Amt.

  • ZeroPlus Mortgage from Keller Williams (NMLS #140234) featuring:• Zero Origination Fees and Zero Lender Fees• $1,000 Closing Credit towards 3rd Party costs for loans above $150,000.

  • Any such changes will be made in line with the Policy and Procedure for Closing Credit Bearing Programmes. Applicants are required to declare their fee status when they complete their UCAS application or via the online application form for part time applicants, selecting from a number of options including UK home, EU or overseas (non- EU) fee status.

  • Boeing will issue to Customer an executive closing credit memorandum (Executive Closing Credit Memorandum) in an amount of [********].

  • In those circumstances it is not unfair to impose a legal, let alone an evidential, burden on a defendant to show that what has been proved was not avoidable by the taking of reasonably practicable precautions.32 In our case the social policy underlying the offence is that the offence is only complete once the prosecution has shown the requisite degree of fault on the part of the defendant.

  • Id.Polacsek is distinguishable from the instant case because Edge never made any representations that the Debt Melt Down Program and the Post Closing Credit Restoration Program would have a positive impact on a participant’s credit.

  • Ravi Holla13.3213.69Ms. Vidya Bhat4.464.342) Sitting fees and commission to Non Executive Directors a) Sitting fees4.704.80b) Commission on Net Profits24.40-3) Closing Credit Balance in current account Mr. Manish M Patel7.068.61Terms and conditions of transactions with related partiesThe transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions.

  • After the Closing, Credit Depot shall loan to Buyer up to $500,000, as, and to the extent, reasonably requested by Buyer to meet the requirements of its business.

  • Boeing will issue to Customer an executive closing credit memorandum (Executive Closing Credit Memorandum) in an amount of [*CTR].

  • Transferred Company or its or their respective Subsidiaries to be substituted in all respects for Seller and its Affiliates, and for Seller and its Affiliates to be released, effective as soon as possible after the Specified Period with respect to the Post- Closing Credit Support, in respect of all obligations of Seller and any of its Affiliates under the Post-Closing Credit Support.

Related to Closing Credit

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Closing Checklist means the schedule, including all appendices, exhibits or schedules thereto, listing certain documents and information to be delivered in connection with the Agreement, the other Loan Documents and the transactions contemplated thereunder, substantially in the form attached hereto as Annex D.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Closing Cash means the amount of Cash determined as of the close of business on the Closing Date.

  • Debt Commitment Letter has the meaning set forth in Section 6.6.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Existing Credit Facility means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise modified from time to time prior to the date hereof.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Buyer Closing Certificate has the meaning set forth in Section 7.03(d).

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).