Disallowed Amount definition
Examples of Disallowed Amount in a sentence
All DIP Lender Fees and Expenses incurred prior to or after the Filing Date shall be added to the principal amount of the Pre-Filing Secured Loan Amount (as defined below), provided, however, that if some or all of the DIP Lender Fees and Expenses are not admitted pursuant to the Claims Process (as defined below) as part of the Pre-Filing Secured Loan Amount (the “Disallowed Amount”), then such Disallowed Amount shall be added to the DIP Obligations and secured by the DIP Lender’s Charge.
Any interest accrued and paid on account of the Disallowed Amount shall be applied to principal under the Solectron Note.
If it is determined by either mutual agreement of Solectron and Exabyte or by the binding arbitration that any portion of the Disputed Payable Amount is not owed by Exabyte (the "Disallowed Amount"), Exabyte shall be deemed to have made a principal paydown under the Solectron Note in an amount equal to the Disallowed Amount as of the Effective Date.