Closing Company Indebtedness definition

Closing Company Indebtedness has the meaning set forth in Section 1.7(a).

Closing Company Indebtedness means Company Indebtedness as of the Determination Time.

Closing Company Indebtedness means all Indebtedness of the Company and its Subsidiaries immediately prior to the Closing.

Examples of Closing Company Indebtedness in a sentence

• The Proposed Closing Statement shall be prepared in a manner consistent with the Latest Balance Sheet and GAAP, which shall control as to any conflict as to the principles, practices, policies, judgments or methodologies to be applied in the preparation of the Proposed Closing Statement and the determination of the Closing Net Working Capital and the Closing Company Indebtedness.

• For the avoidance of doubt, should the current employment contract between the Company and Xxxxxx Xxxxxxxx not be terminated within seven (7) days after the Closing Date, then an amount equal to Xxxxxx Xxxxxxxx’x base salary under such employment contract for a period of 30 days shall be included in Closing Company Indebtedness for purposes of the Proposed Closing Statement.

More Definitions of Closing Company Indebtedness

Closing Company Indebtedness means the Indebtedness of the Acquired Companies as of the Effective Time (disregarding any transactions involving the Acquired Companies effected by Purchaser on the Closing Date at or after the Closing and prior to the Effective Time).

Closing Company Indebtedness shall have the meaning ascribed to such term in Section 2.07(a)(ii).

Closing Company Indebtedness means Company Indebtedness as of immediately prior to the Closing for those items of Indebtedness set forth in clauses (a) through (c) of the definition of “Indebtedness” and as of the Effective Time for all other items of Indebtedness.

Closing Company Indebtedness has the meaning set forth in Section 2.03.

Closing Company Indebtedness means the aggregate amount of Indebtedness of all of the Acquired Companies that is outstanding as of the Effective Time excluding any Indebtedness between the Acquired Companies.

Closing Company Indebtedness means Company Indebtedness as of the Effective Time.

Closing Company Indebtedness means all Indebtedness of the Company and the Company Subsidiaries following the Distribution and immediately prior to the Closing (but excluding (i) any Indebtedness incurred by the Company or the Company Subsidiaries to enable Acquiror to satisfy its condition to the Closing set forth in Section 9.3(c), (ii) any Indebtedness of the Company or the Company Subsidiaries, which immediately prior to or at the time of the Closing, will automatically convert into shares of capital stock of the Company or the Company Subsidiaries, as applicable), (iii) any Indebtedness in respect of the principal and interest components of capitalized lease obligations under GAAP set forth on the Financial Statements as of the date of this Agreement and (iv) any other Indebtedness incurred by the Company or the Company Subsidiaries with Acquiror’s prior written approval).