Seller Indebtedness definition

Seller Indebtedness means Indebtedness incurred after the date hereof and payable to sellers in connection with Permitted Acquisitions that by its terms is subordinated to the payment of the principal of and interest on the Loans and Reimbursement Obligations.

Seller Indebtedness means Indebtedness incurred after the Effective Date and payable to sellers in connection with Permitted Acquisitions that by its terms is subordinated to the payment of the principal of and interest on the Loans and Reimbursement Obligations.

Seller Indebtedness. All Indebtedness described in Section 6.13(e).

Examples of Seller Indebtedness in a sentence

• As of the Closing Date, Seller will have repaid all Seller Indebtedness.

• In the event of a Lump Sale of Receivables permitted pursuant to this subsection 2.9(b), an adjustment shall be made to the amount payable in respect of the Seller Indebtedness and in the calculation of the Seller’s Allocated Amount and the Seller’s Allocation Percentage and the Floating Allocation Percentage and the Fixed Allocation Percentage applicable to any Series in the manner specified in the last paragraph of subsection 2.9(a).

• The Seller shall obtain effective Release Letters for any Encumbrances on Purchased Assets related to Seller Indebtedness and otherwise cause all of the conditions set forth in Section 1.5 (including the conditions set forth in clauses (i) through (iii) of Section 1.5(a) and the Bond Release) to be satisfied, as soon as possible after the Closing and no later than April 30, 2014.

• Prior to the Bond Release, Seller shall not agree to any amendment or take any other action (including allowing the substitution of securities) in connection with the Seller Indebtedness (including under the Defeasance Escrow or any similar escrow account) without consent of the Purchaser, except to the extent required by federal Law.

• At the Closing, the Buyer shall satisfy and pay the Seller Indebtedness set forth on the Closing Statement.

More Definitions of Seller Indebtedness

Seller Indebtedness means Indebtedness of the Company to IPP Holding Company, LLC (f/k/a Interpoint Partners, LLC) pursuant to the Subordinated Promissory Note dated November 20, 2013 in the original principal amount of $900,000.

Seller Indebtedness means Indebtedness in connection with an Acquisition in favor of the seller of such assets (or its parent or successor in interest).

Seller Indebtedness. Indebtedness of the Borrower which is issued to the seller in a Permitted Acquisition as all or a portion of the consideration for such Permitted Acquisition.

Seller Indebtedness has the meaning specified in Section 7.03(f).

Seller Indebtedness means Indebtedness incurred (or otherwise assumed) by the Borrower and/or any of its Subsidiaries in connection with an Acquisition as to all or a portion of the purchase price for such Acquisition.

Seller Indebtedness means any amounts payable by the Seller as of the Closing Date (including accrued interest and applicable prepayment fees or penalties) as debtor, borrower, or issuer pursuant to an agreement or instrument involving or evidencing a capital or operating lease or money borrowed by the Seller (but excluding ordinary course trade accounts payable) or other amounts with respect to which an Encumbrance exists against the Seller or the Assets.

Seller Indebtedness means the amount, without duplication, of the following: (i) all indebtedness or other obligations of Seller for borrowed money, whether current, short-term or long-term, secured or unsecured, including all overdrafts and negative cash balances, (ii) all indebtedness of Seller for the deferred purchase price for purchases of property or services (except any trade payable incurred in the ordinary course of business that is treated (in its entirety) as a current account payable under United States GAAP), (iii) all lease obligations of Seller under leases that have been or should be capitalized in accordance with United States GAAP, (iv) the aggregate face amount of all outstanding letters of credit issued on behalf of Seller; (v) all obligations of Seller arising under acceptance facilities; (vi) all guaranties, endorsements and other contingent obligations of Seller to purchase, to provide funds for payment, to supply funds to invest in any other entity, or otherwise to assure a creditor against loss; (vii) all obligations of Seller under any interest rate protection, foreign currency exchange, or other interest or exchange rate swap or hedging agreement or arrangement, or other derivative product; (viii) all obligations secured by an Lien upon any assets or properties of Seller; (ix) all indebtedness referred to in clauses (i) through (xv) above of any Person other than Seller that is guaranteed by Seller; and (x) accrued and unpaid interest on, and prepayment premiums, penalties or similar contractual charges arising as a result of the discharge of, any such foregoing obligation.