Debt Financing Amount definition
Examples of Debt Financing Amount in a sentence
Philips shall have received the Net Debt Financing Amount from the Company in accordance with Section 6.10(c), with the Debt Financing Amount having been received by the Company on terms and conditions which, taken as a whole, are no less favorable to the Company in any material respect than those set out in the Debt Commitment Letter, no material conditions to the Debt Financing Commitment shall have been waived without the prior written consent of Newco (such consent not to be unreasonably withheld).
WWI shall have received proceeds of the Financing at least equal to the Debt Financing Amount on the terms contemplated by the Commitment Letters; provided that this will not be a condition to Purchaser's obligation unless Purchaser and/or its designees are willing and able to provide the cash common equity specified in the Commitment Letters (or other equity or debt that is subordinated to the Financing).
If the Net Debt Financing Amount is less than the aggregate amount of the Intercompany Loans, the balance shall be subject to the release and discharge referred to in this Section 6.10(b)(i), provided that Newco shall have the right to require Philips to effect such release and discharge by way of an assignment of such balance to Newco.
If the Net Debt Financing Amount is greater than the aggregate amount of the Intercompany Loans, the balance shall be treated as the extension of a loan from the Company to Philips, which shall be subject to the release and discharge referred to in this Section 6.10(b)(ii), provided that Newco shall have the right to require Philips to effect such release and discharge by way of an assumption of such balance by Newco.