Examples of Borrowed Money Debt in a sentence
In connection with the Closing, Midco shall use part of the proceeds of the S1 Midco Debt Commitment Amount to prepay all outstanding Borrowed Money Debt under the System1 Financing Agreement and any accrued and unpaid interests, fees or premiums thereon and any other amount necessary to effectuate the termination of the System1 Financing Agreement and the release of any guarantees thereof and any security provided in connection therewith (the “Midco/System1 Debt Repayment”).
The sum of the Indebtedness amounts listed for the Closing Date as certified by the Company’s Chief Financial Officer will be the “Closing Borrowed Money Debt Amount.” On the Closing Date, Buyer will pay in cash to each counterparty to a Payoff Letter the amount of Indebtedness indicated in such Payoff Letter in accordance with all of the terms and conditions stated in the applicable Payoff Letter.
On May 31, 2000, all Borrowed Money Debt of the Company was $54,938,000 and is described on Schedule 3.18.
If the Closing Borrowed Money Debt is less than $11,515,130.17, the difference and interest thereon will be due and payable to the Existing Shareholders by HDA; however, to the extent the Closing Borrowed Money Debt is more than $11,515,130.17, the excess and interest thereon will be due and payable to HDA by the Existing Shareholders.
During this time TCG adopted the big, blue “T” as a marker for all of its banking activities—a symbol that would come to be recognized across the state.