Closing Debt Amount definition

Closing Debt Amount means the amount of Debt of the Company as of the close of business on the date hereof.

Closing Debt Amount shall have the meaning set forth in Section 2.8(b).

Closing Debt Amount means, as of the Effective Time, the aggregate amount of all Indebtedness of the Company and the Subsidiaries.

Examples of Closing Debt Amount in a sentence

• The Base Purchase Price shall be reduced, at Closing, by $1.00 for each $1.00 of Debt reflected on the Company's Closing Balance Sheet (the "Closing Debt Amount").

• Promptly following the Closing and in order to verify the accuracy of the adjustment made at Closing, the Purchaser agrees to cause the internal accounting staff and the independent certified public accountant of the Purchaser (the "Accountants") to verify the Closing Debt Amount.

• Although these norms have diffused and countries have adopted new policies and ratified international treaties, this does not mean that the norms have been localized.

• The Accountants shall issue a report as to their determination of the Closing Debt Amount (the "Accountants' CDA Report") promptly after their determination of such amount and the Purchaser shall deliver the Accountants' CDA Report to the Seller not later than sixty (60) days following the Closing Date.

• The determination of the Closing Debt Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Sellers shall object to the Accountants' CDA Report within fifteen (15) days following their receipt of the Accountants' CDA Report.

More Definitions of Closing Debt Amount

Closing Debt Amount means the total amount of Closing Debt as of immediately prior to the Closing.

Closing Debt Amount means the amount of Indebtedness of the Target Companies existing as of the Closing (without giving effect to any financing or refinancing transactions or repayment of existing Indebtedness taking place in connection with the Closing (other than the repayment of the Promissory Note, which shall not be included in the Closing Debt Amount) but including any interest, fees, premiums or penalties that accrue on such existing Indebtedness as a result of the Closing), calculated in accordance with the Accounting Principles.

Closing Debt Amount means, without duplication, the total amount of the Company’s Debt as of immediately prior to the Effective Time, but excluding all Unpaid Transaction Fees to the extent they would otherwise be considered part of the Closing Debt Amount.

Closing Debt Amount means the sum (without duplication) of the aggregate dollar amount of Company Indebtedness outstanding immediately prior to the Closing (including, for the avoidance of doubt, the aggregate dollar amount payable pursuant to the Payoff Letters), determined in accordance with the Accounting Principles.

Closing Debt Amount means the aggregate amount of all Indebtedness of the Company as of immediately prior to the Closing (other than the Indebtedness set forth in Section 1.1(a) of the Company Disclosure Schedule); provided that the Closing Debt Amount shall not include any Indebtedness that are included in the calculation of Net Working Capital.

Closing Debt Amount means the amount of Debt of the Company and its Subsidiaries determined as of the Effective Time in accordance with Section 2.5.1.

Closing Debt Amount means the aggregate amount of Indebtedness payable to the holders of Indebtedness identified on the Pay-Off Certificate. “Code” means the United States Internal Revenue Code of 1986, as amended.