Definition of Pre-Closing Payments

  1. Pre-Closing Payments means an aggregate of $425,000 which consists of $175,000 contributed on February 17, 2011, $150,000 contributed on March 4, 2011 and $100,000 on March 25, 2011, in accordance with the provisions of section 3(a).

Definition of Pre-Closing Payments in Receivables Purchase Agreement

Pre-Closing Payments means an aggregate of $425,000 which consists of $175,000 contributed on February 17, 2011, $150,000 contributed on March 4, 2011 and $100,000 on March 25, 2011, in accordance with the provisions of section 3(a).