Definition of DPC Indebtedness

DPC Indebtedness means any Indebtedness owed by a Transferred DPC Company or a Subsidiary thereof that is held by DuPont or a Retained Subsidiary on the Closing Date in connection with the Pre-Closing Restructuring Transactions.
Sample 1

Examples of DPC Indebtedness in a sentence

Upon the terms and subject to the conditions of this Agreement (including Schedule 5.17), on the Closing Date, DuPont shall cause the DPC Indebtedness Sellers to sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase, acquire and accept from such DPC Indebtedness Sellers, all right, title and interest of such DPC Indebtedness Sellers in and to the DPC Indebtedness, free and clear of all Encumbrances.