Assumed Debt Amount definition

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

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Assumed Debt Amount is defined in Section 9.11 hereof.

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.

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.

• 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.

• The Closing Estimates shall be prepared in accordance with GAAP (and, with respect to Estimated Closing Working Capital, in accordance with the Sample Working Capital Calculation); provided, however, that for the purposes of this Section 2.2, the definition and calculation of Indebtedness will not include any items included in the Assumed Debt Amount.

More Definitions of Assumed Debt Amount

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.

Assumed Debt Amount means with respect to the Assumed Debt as of the Closing Date, the aggregate amount of outstanding principal balance but not accrued interest thereon (to the extent such accrued interest is included in the Closing Adjustment), less any Funded Cash Reserve with respect to such Assumed Debt.

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

Assumed Debt Amount means the aggregate amount of $1,800,000.

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 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.