Completion Debt definition

Completion Debt has the meaning given in paragraph 1.3 of Error! Reference source not found. (Completion Statement Principles);
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Completion Debt means, in relation to the Group Companies, the Debt outstanding and not repaid as of the Closing Date.
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Completion Debt means the aggregate of all borrowings and overdrafts on all bank accounts owed by the Company, and/or any other third party debt owed by the Company, in each case as at Completion as shown on the Completion Cash / Debt Statement
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Examples of Completion Debt in a sentence

  • The Estimated Closing Statement shall be in the form set out in Part 1 of Schedule 3.3 and incorporate separate statements in the form set out in Part 1 of Schedule 3.3 showing the calculation of the Completion Working Capital, Completion Cash and the Completion Debt.

  • Up to the aggregate amount of the Adjustment Amount, the Purchase Price shall be reduced by the Completion Debt (if any) pursuant to clause 3.2. For the avoidance of doubt, there shall be no increase of the Purchase Price.

  • Application of the Eleventh Amendment divests the federal court of original jurisdiction.

  • In contrast, a recent study using the NLSY data by Loewenstein and Spletzer (1998) indicates that firms often pay the direct costs of training that takes place outside the workplace.

  • For the avoidance of doubt it is mentioned that Completion Debt shall only include obligations of the relevant Group Companies as a result of such Group Companies entering into an agreement with third parties (for the purpose of this Clause ‎11.3: including any of the Sellers) with a view of borrowing any monies from such third party and shall therefore not include any liabilities or obligations of any of the Group Companies that have arisen otherwise.

  • GPC Australia must, by no later than the date 5 Business Days prior to Completion, give the Company and AOF Beta notice in writing stating whether or not it intends to procure the Borrowers to repay the Existing Debt Amount on Completion (Debt Notice).

  • Where the Seller has no objection to the Net Working Capital, the Completion Debt, the Completion Cash or the Completion Net Cash stated in the Draft Completion Accounts Pack he undertakes to serve written notice of such fact on the Purchaser (an Accounts Acceptance Notice).

  • If the Parties are unable to reach agreement concerning the Completion Balance Sheet and/or Completion Debt during such 45-day period, they shall promptly thereafter submit the dispute to the Accounting Referee for resolution pursuant to clause 3.2.4.

  • The Closing Statement shall be in the form set out in Part 1 of Schedule 3.3 and incorporate separate statements in the form set out in Part 1 of Schedule 3.3 showing the calculation of the Completion Working Capital, the Completion Cash, the Completion Debt and the Adjusted Initial Cash Consideration.


More Definitions of Completion Debt

Completion Debt has the meaning given to such term in clause 3.2.1.
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Completion Debt means the aggregate amount (if any) of the Borrowings of the Group Companies as at the Effective Time;
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Completion Debt has the meaning given in Clause ‎11.3; Consideration has the meaning given in Clause ‎3.1.1;
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Completion Debt has the meaning given in Part 1 of Schedule 8;
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Completion Debt has the meaning given in paragraph 1.3 of Schedule 2 (Completion Statement Principles);
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Related to Completion Debt

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Completion Deadline means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Completion Bonds means Bonds issued pursuant to a Supplemental Indenture ranking on parity with the Series of Bonds issued under such Supplemental Indenture, the proceeds of which are to be used to complete the Project.

  • Final Completion Date means the date on which Final Completion occurs.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Phase III means human clinical trials, the principal purpose of which is to establish substantial evidence of both safety and efficacy in patients with the disease or condition being studied, as more fully defined in 21 C.F.R. §312.21(c) or similar clinical study in a country other than the United States. Phase III shall also include any other human clinical trial intended to serve as a pivotal trial to support the submission of an application for regulatory approval.

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Tests on Completion means the tests which are specified in the Contract or agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Subproject means a specific project to be carried out by an existing BE utilizing the proceeds of a Sub-loan or Investment, as hereinafter defined, fulfilling the conditions set forth in Part A of Schedule 4 to this Agreement;