Assumed Debt Amount definition

Assumed Debt Amount means the aggregate principal amount and accrued interest of all Assumed Debt outstanding at the Closing.

Assumed Debt Amount is defined in Section 9.11 hereof.

Assumed Debt Amount means collectively, the Class A Assumed Debt Amount, the Class B Assumed Debt Amount, the Class C Assumed Debt Amount and the Class D Assumed Debt Amount.

Examples of Assumed Debt Amount in a sentence

• Prior to the Closing, TheMaven and Purchaser shall obtain from Sallyport its consent (the “Sallyport Consent”) with respect to the Transactions and the intended treatment of the Sallyport Assumed Debt Amount.

• For a period beginning on the Closing Date and ending on the first anniversary of the Closing Date, Purchaser shall pay down the Sallyport Assumed Debt Amount out of the positive net cash flow of the Business.

• In the event that the total amounts due under the MCG Credit Facility (the “MCG Debt”) which the Parent or Subsidiary assumes or pays or restructures at the option of the Parent on the Effective Date is greater than $1,763,000 (the “MCG Assumed Debt Amount”), then in such event the Parent and Subsidiary may nevertheless proceed to close and reduce the Parent Stock Consideration by an amount equal to the amount by which the MCG Debt exceeds the MCG Assumed Debt Amount.

• As used herein, "Net Cash Proceeds" shall mean the sales proceeds from the sales of Properties minus the Assumed Debt Amount and any expenses associated with such sale.

• In the event that the MCG Debt is less than $1,763,000, then in such event, then the Parent Stock Consideration shall be increased by an amount equal to the amount by which the MCG Debt is less than the MCG Assumed Debt Amount.

More Definitions of Assumed Debt Amount

Assumed Debt Amount means, with respect to any Property, the amount of indebtedness for borrowed money assumed by the Acquirors in accordance with this Agreement, whether or not secured by such Property.

Assumed Debt Amount means the amount outstanding as of the Effective Time with respect to the Indebtedness set forth on Schedule A; provided, that the Parties hereto acknowledge and agree that, for purposes of calculating the Assumed Debt Amount, the Parties agree that the Raiders Claim Contingent Liability will be deemed to have zero dollar value and no amounts payable in connection therewith, whether prior to or following the Closing, shall increase the Assumed Debt Amount.

Assumed Debt Amount means the outstanding principal balance of the Existing Loans to be assumed by the Caliber Entities at the time of the Closing. (i) “Broker” or “Brokers” has the meaning set forth in Section 4.27. (j) “Business” means the hospitality business operated by the LTD Entities with respect to the Properties as described in the Recitals.

Assumed Debt Amount means the sum of (i) the amount owed to Silicon Valley Bank by the Company as of the Closing Date pursuant to that certain Loan and Security Agreement, dated as of November 30, 2011, by and between Silicon Valley Bank and the Company; and (ii) the amount owed to Safeguard Delaware, Inc. by the Company as of the Closing Date pursuant to that certain subordinated secured promissory note, dated as of December 3, 2013, by and between Safeguard Delaware, Inc. and the Company, in each case, to a maximum amount set forth in the Allocation Certificate.

Assumed Debt Amount means either (a) if the Property was financed with a specific amount of debt, any debt required to be repaid in connection with the sale of such Property, or (b) if the Property was financed as part of a pool of Properties (including without limitation any Properties financed pursuant to this Facility), the greater of (i) the Collateral Pool Asset Value attributable to such Property sold (if it is a Collateral Pool Asset being sold) multiplied by the average advance rate (i.e. the ratio of Allocated Facility Amount under the Facility to the Borrowing Base) under the Facility at the time of such sale or a comparable amount if the Property being sold was financed with a pool of other assets based on a borrowing base formulation or (ii) the total amount of debt repaid pursuant to the release of such Property from the pool. Notwithstanding the foregoing, the amount of stock repurchases that can be supported by 50% of Net Cash Proceeds from sales of Properties during any four quarter period shall be further limited so that such amount does not exceed the following amounts less the aggregate amount of stock previously repurchased since the Agreement Effective Date based upon Net Cash Proceeds from the sales of Properties:

Assumed Debt Amount has the meaning set forth in Section 2.5(g).

Assumed Debt Amount means, as of the Closing Date, (i) the aggregate principal amount of and accrued interest on the 10-1/4% Notes plus (ii) the accreted value of the 2018 Debentures, as of the Closing Date.