Closing Loan Balance definition

Closing Loan Balance means the aggregate principal amount outstanding under the Bridge Loan Facility together with accrued and unpaid interest thereunder as of the Closing.
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Closing Loan Balance. ' means, in respect of an Assigned Receivable (other than a Written- OÅ Receivable or an Assigned Receivable where all scheduled payments have been paid in full) and a Collection Period, the Net Present Value of such Assigned Receivable as at the Cut-OÅ Date less the Principal Collections in respect of such Assigned Receivable, received from the Cut-OÅ Date to and including the last day of that Collection Period.
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Examples of Closing Loan Balance in a sentence

  • The Per Share Merger Consideration shall be calculated based on the Closing Loan Balance and Closing Company Transaction Expenses as set forth in the Final Adjustment Statement finally determined and agreed by the parties pursuant to this Section 1.5(c).

  • Sellers and Buyers shall use reasonable efforts to agree, prior to the Closing, on the amounts set forth on the Estimated Closing Balance Sheet and the Estimated Closing Loan Schedule and the calculation of the Estimated Closing Adjusted Net Book Value and Estimated Closing Loan Balance.

  • Upon the Effective Time, the Purchaser Loans shall be deemed repaid in full to the Purchaser by the application of the Purchaser Closing Loan Balance to reduce the Net Merger Consideration (as provided in Section 2.1(a)(iii) hereof), and any and all securities, agreements and instruments evidencing the Purchaser Loans shall be deemed satisfied, cancelled and terminated.