Examples of Permitted Bank Indebtedness in a sentence
For purposes of this determination, the parties agree that cash and cash equivalents will constitute, and be deemed to constitute, a contra-liability included in the Permitted Bank Indebtedness as of the Effective Date and, therefore, an Assumed Liability and will not constitute, or be deemed to constitute a Purchased Asset.
Alternatively, if and to the extent that the Estimated Permitted Bank Indebtedness exceeds the Effective Date Permitted Bank Indebtedness, as set forth in the Closing Statement, then the ANICOM ENTITIES shall, within five business days after the ultimate determination of the Effective Date Permitted Indebtedness, pay to the TEXCAN ENTITIES by bank or certified check or wire transfer an amount equal to such excess.
If and to the extent that the Effective Date Permitted Bank Indebtedness, as set forth in the Closing Statement, exceeds the Estimated Permitted Bank Indebtedness, then the TEXCAN ENTITIES shall, within five business days after the ultimate determination of the Effective Date Permitted Indebtedness, pay to the ANICOM ENTITIES by bank or certified check or wire transfer an amount equal to such excess.