Closing Payment definition

Closing Payment has the meaning set forth in Section 2.2.

Closing Payment has the meaning set forth in Section 3.1(a).

Closing Payment shall have the meaning given to such term in Section 2.5(b).

Examples of Closing Payment in a sentence

• Borrower shall pay the Closing Payment to Agent, for the benefit of the Lenders based on their Pro Rata Shares thereof, on the Closing Date upon the execution and delivery of this Agreement as compensation for the making of the Initial Term Loan on the Closing Date.

• The Closing Payment shall be deemed fully earned on the Closing Date, subject to the occurrence of the Closing Date, and shall not be refundable in whole or in part and shall not be subject to reduction or set-off under any circumstances.

• The parties agree that for federal and state income tax purposes, the Closing Payment shall be treated as an adjustment to issue price of the Loans in accordance with Treasury Regulation Section 1.1273-2(g)(2), and the parties will file all their tax returns (including information returns) in a manner consistent with this Section 2.02(b) unless there is a “determination” within the meaning of Code section 1313 to the contrary.

More Definitions of Closing Payment

Closing Payment is defined in Section 3.2.

Closing Payment means the closing payment to be paid to Laurus Capital Management, LLC, the fund manager, as set forth on Schedule A hereto.

Closing Payment has the meaning set forth in Section 8.4(a).

Closing Payment means an amount equal to (a) the Cash Purchase Price, minus (b) the sum of (i) the Adjustment Escrow Amount, (ii) the Company Indebtedness, if any, and (iii) the aggregate amount of the Seller Transaction Expenses.

Closing Payment shall have the meaning specified in Section 3.3.

Closing Payment shall have the meaning set forth in Section 4.2(a).

Closing Payment shall have the meaning ascribed thereto in Section 2.3 hereof.