RESI Debt definition

RESI Debt. The term “RESI Debt” means the net amount of indebtedness, net of fees payable under the Existing Agreements to the Closing Date, and not to exceed $1,331,863 owed by RESI to the Company or its Affiliates as of the Closing Date.
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RESI Debt as defined in Article I of the Settlement Agreement is hereby amended and superseded in its entirety by the following:
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RESI Debt. The term “RESI Debt” means the net amount of indebtedness, net of fees payable under the Existing Agreements to the Closing Date, and not to exceed $831,863 owed by RESI to the Company or its Affiliates as of the Closing Date; provided, that if the Transferred CG Solar Equity is not delivered to the Company by December 31, 2008, the RESI Debt shall be an amount not to exceed $1,331,863.”
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Examples of RESI Debt in a sentence

  • The Parties hereto acknowledge that as at the date of this Agreement, RESI is currently indebted to the Company or its Subsidiary in the amount of $1,331,863 in respect to the RESI Debt.

  • The parties hereto acknowledge that as of the date of this Agreement, RESI is currently indebted to the Company or its Subsidiary in the principal amount of $ 831,863.00 in respect to the RESI Debt.

  • Kiss in accordance with Section 1.4(b)(i) above, the entire RESI Debt Balance (or any unpaid portion thereof) shall be paid to the Company by Amelio on the earlier to occur of: (i) receipt of net proceeds of a financing by Amelio (the “Amelio Financing”) of not less than $10,000,000; or (ii) receipt of payment by RESI or Amelio from CG Solar - the customer for whom the a-Si equipment giving rise to the RESI Debt was shipped.

  • To the extent that the RESI Debt Balance shall be paid in whole or in part by Kiss, as set forth in Section 1.4(b)(i) above, then Amelio shall issue to Z.

  • To the extent that the RESI Debt Balance shall be paid on the Closing Date pursuant to Section 3.4(c)(i) above, then Amelio shall issue to Z.

  • Amelio hereby agrees to guaranty payment of the RESI Debt Balance to the Company.