Repaid Debt definition

Repaid Debt has the meaning set forth in Section 6.12.

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Repaid Debt means all Indebtedness of the Company to the extent arising under clauses (a) or (b) of the definition of “Indebtedness”, other than under a Retained Facility.

Repaid Debt has the meaning given that term in Section 1.2(c).

Examples of Repaid Debt in a sentence

• None of such properties or assets is subject to any Lien, other than Permitted Liens or Liens related to the Repaid Debt that will be discharged at Closing.

• The Company shall have delivered to Buyer the Payoff Letters with respect to the Repaid Debt.

• On the Closing, Purchaser will pay, or cause to be paid, on behalf of the Company, the amount, if any, of the Repaid Debt and Estimated Company Transaction Expenses, in each case, by wire transfer of immediately available funds, and all Liens related to such Repaid Debt shall be terminated or released pursuant to payoff letters or otherwise.

• The Existing Bank Agreements and all agreements and documentation evidencing the Repaid Debt, and any related guarantee and collateral documents, shall be terminated.

• As of the Closing Date, but prior to giving effect to the Repaid Debt from proceeds, the Working Capital of the Company, calculated in a manner consistent with the Working Capital reflected in the Latest Balance Sheet, is not less than $1,500,000.

More Definitions of Repaid Debt

Repaid Debt has the meaning set forth in Section 1.5(d). 80 NY\7370590.17

Repaid Debt has the meaning set forth in Section 2.1.3.

Repaid Debt means, without duplication, all obligations of the Company and its Subsidiaries for debt for money borrowed, but shall not include capital leases.

Repaid Debt means the amounts payable under (i) the IOENGINE Pre-Pay Agreement and (ii) the NTI A/R Settlement Agreement.

Repaid Debt has the meaning set forth in Section 1.4(c).

Repaid Debt any Existing Debt to be repaid on or before the Closing Date (including principal and interest).

Repaid Debt means all Indebtedness of the Company to the extent arising under clauses (a) or (b) of the definition of “Indebtedness”. “Representative Agreements” shall have the meaning specified in Section 12.1(a). “Representative Losses” shall have the meaning specified in Section 12.1(d). “Representatives” shall mean, with respect to any Person, its respective directors, officers, employees, agents, advisors, Affiliates, and representatives (including, attorneys, accountants, consultants, bankers, and financial advisors). “Requisite Stockholder Approval” shall have the meaning specified in Section 4.7. “R&W Insurance Policy” shall mean, if Parent elects to acquire such a policy, a buyer-side representation and warranty insurance policy. “Restrictive Covenant Agreements” shall have the meaning specified in the Recitals hereto. “Sanctioned Country” shall mean, at any time, a country or region that itself is the subject or target of a comprehensive Sanctions (as of the date of this Agreement, Cuba, Iran, North Korea, the Crimea Region of Ukraine, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, and until July 5, 2025, Syria). “Sanctioned Person” shall mean (a) any Person listed in any Sanctions-related list or designated Persons maintained by OFAC, or the U.S. Department of State, the United Nations Security Council, the European Union, any Member State of the European Union, or the United