Definition of Post-Closing Net Debt


Post-Closing Net Debt means the net Debt reflected on, and according to the specific line items contained on, the Post-Closing Balance Sheet.

Examples of Post-Closing Net Debt in a sentence

In the event of any delay in payment by Acquiror of the amount required by this Section 2(e)(iv) beyond five (5) Business Days after the Post-Closing Net Debt Statement became final, the Stockholders also will be entitled to receive interest on the unpaid amount from such fifth Business Day at 10% per annum, compounding monthly, until all amounts owing hereunder have been paid in full.
Any payment to the Stockholders described in this Section 2(e)(iv) shall be made by Acquiror to the Stockholders in cash by wire transfer of immediately available funds to the account designated by the Stockholders promptly and in any event within five (5) Business Days of the date on which the Post-Closing Net Debt Statement became final (and allocated among the Stockholders in accordance with the allocation method set forth in Section 2(a)(ii)).