Closing Indebtedness definition
Closing Indebtedness means, as of any date or time of determination, the Indebtedness of the Acquired Companies as calculated in accordance with the Transaction Accounting Principles.
Closing Indebtedness means all Indebtedness of the Company and the Subsidiaries to the extent outstanding as of the Closing.
Closing Indebtedness has the meaning set forth in Section 2.05(a).
Examples of Closing Indebtedness in a sentence
For example, if Seller challenges items underlying the calculations of Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Transaction Expenses in the net amount of $1,000,000, and the Auditor determines that Seller has a valid claim for $400,000 of the $1,000,000, Seller shall bear 60% of the fees and expenses of the Auditor and Buyer shall bear 40% of the fees and expenses of the Auditor.
More Definitions of Closing Indebtedness
Closing Indebtedness means the Indebtedness of the Company immediately prior to the Closing.
Closing Indebtedness means the Indebtedness determined as of immediately prior to the Closing.
Closing Indebtedness means the aggregate principal amount of, and accrued interest on, all Indebtedness of the Acquired Companies as of the close of business on the day immediately preceding the Closing Date.
Closing Indebtedness means the aggregate amount of Indebtedness of the Group Companies as of the Adjustment Time.
Closing Indebtedness means all Indebtedness of the Company as of the Adjustment Time, as determined in accordance with the attached Exhibit A and as finally determined pursuant to Section 2.7.
Closing Indebtedness means the Indebtedness of the Sold Companies (excluding (i) any such Indebtedness that is owed to another Sold Company and (ii) any Indebtedness under the Revolving Credit Agreement (which shall be repaid in full in accordance with the Revolving Credit Agreement Release pursuant to Section 5.9(a))) immediately prior to the Closing.
Closing Indebtedness means, on a consolidated basis and calculated as of 11:59 p.m. Eastern Time on the date immediately preceding the Closing Date, Indebtedness of the Company and its Subsidiaries.