Debt Settlement Amount definition

Debt Settlement Amount means the amount required to discharge or otherwise satisfy in full on the Closing Date, all of the debt obligations of the Company under the Revolving Credit Facility and the Subordinated Debt.
Sample 1Sample 2
Debt Settlement Amount has the meaning specified in Section 7.2(h).
Sample 1
Debt Settlement Amount shall have the meaning ascribed to such term in the Purchase Agreement.
Sample 1

Examples of Debt Settlement Amount in a sentence

  • The Debt Settlement Amount shall not exceed $71,200,000, and none of the holders of the Company's Subordinated Debt shall have exercised, or indicated his or its intention to exercise, any acceleration, penalty interest, equity conversion or similar right thereunder.

  • The parties acknowledge and agree that $140,000 of the Debt Settlement Amount was previously deposited into an escrow account with Rxxxxxxxxx & Pxxxx LLP, legal counsel to iPayMobil (“RP” or “Escrow Agent”), and shall be distributed to each of the debt holders identified on Schedule 2.13 attached hereto (the “Debt Holders”), in the specific amount set forth opposite each Debt Holder’s name at the Closing.

  • Each Seller and Purchaser agree that the Debt Settlement Amount allocable to each Seller as set forth on Schedule E shall be deducted from the Total Share Consideration otherwise allocable to such Seller, as provided in Section 2.1(b) and Schedule A, and at Closing, such deduction shall satisfy in full each Seller’s payment obligations in respect of the Intercompany Debt.

  • At the Closing, Purchaser will (i) pay up to $21,348,054 for the Outstanding Shares, up to $373,200 for the Equity Rights and up to $195,200 for the Option Shares, by wire transfer of immediately available funds; (ii) deposit the Escrow Amount with the Escrow Agent pursuant to Section 1.04 hereof; and (iii) pay the Debt Settlement Amount.

  • Draganfly further covenants to use commercially reasonable efforts to negotiate in good faith with its creditors to reduce the Draganfly Overdue Debt such that it does not exceed the Debt Settlement Amount.

  • Xxxxxx’x obligation to accept the Debt Settlement Amount in full satisfaction of the Promissory Notes is conditioned upon payment in full by September 30, 2015, and effective as of 5 pm PDT on September 30, 2015, Mx. Xxxxxx’x acceptance of the Debt Settlement Amount in full satisfaction of the Promissory Notes is automatically revoked, without notice or further action of any kind by him or any other person.

  • Xxxxxx’x execution of this Amendment, and for other valuable consideration, the receipt and sufficiency of which are acknowledged, Company’s release of Mx. Xxxxxx under the Agreement shall become effective as of the date of this Amendment with respect to claims, demands, damages or fees, or liability of any nature whatsoever arising out of or related to the Promissory Notes, even though the Debt Settlement Amount has not been timely made in full.

  • For clarity, this Agreement is not intended to, and shall not serve to, affect or terminate the Promissory Notes, or either of them, unless or until the Debt Settlement Amount is timely paid in full, provided however that all payments actually received on the Promissory Notes by Mx. Xxxxxx will serve to reduce the obligations owing under the Promissory Notes, including but not limited to the amounts payable as of the date hereof as set forth in (a) and (b) of this Section 1.3.

  • The aggregate consideration to be paid by Purchaser for the Shares shall be 16,000,000,000 Japanese Yen less the Marks Purchase Price and the Debt Settlement Amount (the "Shares Purchase Price").

  • Pursuant to the Purchase Agreement, Sellers have agreed to sell to Jan Xxxx, xxd Jan Xxxx xxx agreed to purchase from Sellers, up to one hundred percent (100%) of the Outstanding Shares, Equity Rights and Option Shares of Mayor's in exchange for payment by Jan Xxxx xx the Purchase Price and the Debt Settlement Amount.


More Definitions of Debt Settlement Amount

Debt Settlement Amount means all monies due or payable in respect of the repayment of the Bank Facilities at Completion in order to discharge in full and final settlement all liabilities of the Group thereunder;
Sample 1

Related to Debt Settlement Amount

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Amount means, in respect of every Board Lot, an amount calculated by the Issuer in accordance with the following formula (and, if appropriate, either (I) converted (if applicable) into the Settlement Currency at the Exchange Rate or, as the case may be, (II) converted into the Interim Currency at the First Exchange Rate and then (if applicable) converted into Settlement Currency at the Second Exchange Rate):

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Early Redemption Amount (Tax) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Cash Settlement Averaging Period means, with respect to any Note as to which Cash Settlement or Combination Settlement is applicable, the 45 consecutive Trading Day period beginning on, and including, the second Trading Day immediately following the related Conversion Date; except that “Cash Settlement Averaging Period” means, with respect to any Conversion Date occurring during the Final Conversion Period, the 45 consecutive Trading Day period beginning on, and including, the 46th Scheduled Trading Day immediately preceding the Maturity Date.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Mandatory Settlement Date means the earliest of:

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).