Estimated Closing Indebtedness definition

Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

Estimated Closing Indebtedness shall have the meaning set forth in Section 1.6.

Estimated Closing Indebtedness means the Seller’s good faith estimate of the Closing Indebtedness, as set forth on the Pre-Closing Statement.

Examples of Estimated Closing Indebtedness in a sentence

• In the event that Closing Date Indebtedness as reflected on the Final Purchase Price Adjustment Statement is less than Estimated Closing Indebtedness Amount, Buyer shall pay Seller an amount equal to the difference between the Closing Date Indebtedness and Estimated Closing Indebtedness Amount.

• The Parties shall cooperate in arranging for the repayment of the Estimated Closing Indebtedness and Estimated Closing Transaction Expenses at the Closing.

• Seller shall provide Buyer and any accountants or advisors retained by Buyer with reasonable access to the Records of the Group Companies for the purpose of enabling Buyer and its accountants and advisors to calculate, and to review Seller’s calculation of the Estimated Closing Net Working Capital Amount, Estimated Closing Cash, Estimated Closing Indebtedness, Estimated Transaction Expenses and Estimated Purchase Price.

• If the Buyers fail to produce the Preliminary Closing Statement within sixty (60) days after the Closing Date, then the Estimated Closing Net Working Capital, Estimated Closing Company Transaction Expenses, Estimated Closing Indebtedness and Estimated Closing Cash prepared by the Company shall become final and binding.

• Such payoff letters shall state that, if such aggregate amount so identified is paid in accordance with such payoff letters on the Closing Date, the Estimated Closing Indebtedness shall be repaid in full and that all Encumbrances shall be released.

More Definitions of Estimated Closing Indebtedness

Estimated Closing Indebtedness has the meaning set forth in Section 3.3(a).

Estimated Closing Indebtedness is defined in Section 2.3.

Estimated Closing Indebtedness is defined in Section 2.5.1.

Estimated Closing Indebtedness means the Company’s good faith estimate of the Closing Indebtedness as of the Effective Time as set forth in the Closing Statement delivered pursuant to Section 2.11(a), as such amount may be adjusted by mutual agreement of Buyer and the Company prior to Closing pursuant to Section 2.11(c).

Estimated Closing Indebtedness is defined in Section 1.3(a).

Estimated Closing Indebtedness means the estimated amount of the Closing Indebtedness as of the Effective Time.

Estimated Closing Indebtedness means Closing Indebtedness as shown on the Pre-Closing Statement.