Assumed Debt definition

Assumed Debt has the meaning set forth in Section 2.2.

Assumed Debt means any indebtedness of the Company the payment obligations in respect of which shall have been assumed by WNR Company pursuant to one or more Assumption Agreements.

Assumed Debt means the Indebtedness set forth on Schedule 1.01(a) hereto.

Examples of Assumed Debt in a sentence

• Purchaser shall use reasonable best efforts to enter into definitive financing agreements with respect to the Purchaser Assumed Debt so that such agreements are in effect as promptly as practicable but in any event no later than the Closing.

• The intention is not to proselytise, in the sense of targeting people from other religions, but it is certainly to share this Christian vision with anyone who is attracted by it.There has been a reticence in some Catholic circles over the last half-century about presenting the Catholic faith in its integrity and in an unapologetic way.

• If the Loan Assumption Approval is not obtained by the date which is ten (10) business days prior to the Closing Date (the “Loan Assumption Approval Period”) (or if SCOLP otherwise elects to prepay any Existing Debt at Closing), then such Existing Debt shall not be Assumed Debt but, instead, such Existing Debt shall be prepaid at Closing in accordance with the Omnibus Agreement, with a corresponding increase in the Cash portion of the Purchase Price.

• The Purchase Price shall be (i) decreased dollar-for-dollar by the amount of Assumed Debt (as described in Section 5.7), and (ii) increased by the amount of the Benefit Expense Proration.

• Without limiting the generality of the foregoing, with respect to the Assumed Debt Obligations, on the Effective Date, ADLI shall first assume from Parent the Assumed Debt Obligations, and immediately thereafter, Sub shall assume from ADLI all of the Assumed Debt Obligations, in each case in accordance with a Conveyancing and Assumption Instrument satisfactory to the parties.

More Definitions of Assumed Debt

Assumed Debt has the meaning assigned to such term in Section 9.02(j).

Assumed Debt. As defined in Section 5.7.

Assumed Debt means the obligations of Crane Holdings, Co. as set forth on Schedule 1.1(9) to be assumed by Crane Company.

Assumed Debt. The Debt of Company and its Subsidiaries which is assumed by Lakes and/or retained by the Non-Mississippi Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.09.

Assumed Debt. The Debt of Hilton and its Subsidiaries which is to be assumed by Park Place and/or retained by the Gaming Group Subsidiaries in connection with the Distribution, as determined pursuant to Section 2.08.

Assumed Debt means all obligations (both current and long term) on account of money borrowed or capital lease obligations pursuant to the agreements set forth on Schedule 1.1(a) and new equipment leases entered into since the date of this Agreement in accordance with Section 7.1(c)(ii), up to a maximum of $1,000,000 in the aggregate.

Assumed Debt has the meaning specified in Section 7.04(d).