Debt Adjustment definition

Debt Adjustment means, for or with the expectation of a fee, commission or other valuable consideration, receiving, as agent of a debtor, money or evidences thereof for the purpose of distributing such money or evidences thereof among creditors in full or partial payment of obligations of the debtor.

Debt Adjustment has the meaning set forth in Section 2.2(c) of this Agreement.

Debt Adjustment has the meaning given in Schedule 8;

Examples of Debt Adjustment in a sentence

• In the event INT'X.xxx or its Subsidiaries shall breach the covenants in Section 5.6 hereof, the aggregate amount of all breaches of such Section 5.6 shall be deemed to be the "Debt Adjustment Amount" for purposes of this Agreement.

• Parent hereby acknowledges that pursuant to Section 8.2(b) INT'X.xxx may incur additional indebtedness of up to $1 million and, in accordance with Section 5.6 of the Parent Disclosure Schedule, such $1 million of additional indebtedness shall not result in a material adverse effect on the Business Condition of INT'X.xxx if such additional indebtedness is treated as a Debt Adjustment Amount.

• In the case of either adjustment (the "Initial Debt Adjustment"), there shall be added to such amount interest thereon at the Applicable Rate from the Closing Date until the date of such payment.

• Seasonal Debt Adjustment (Dollars in Millions) ____________________ Source: Silver management.

• If the Buyer does not deliver the Sellers such notice within said forty-five (45) day period, the Preliminary Closing Statement shall be deemed correct and conclusive, and the Working Capital Adjustment, Debt Adjustment and PST Lease Liability Adjustment shall be determined based upon the Net Working Capital, Debt and PST Lease Liability set forth in the Preliminary Closing Statement.

More Definitions of Debt Adjustment

Debt Adjustment means making a contract an agreement with a

Debt Adjustment means the Estimated Debt less the Actual Debt (and, for the avoidance of doubt, the resulting amount may be positive or negative);

Debt Adjustment means making a contract an agreement with a debtor whereby the debtor agrees to pay a sum or sums of money periodically

Debt Adjustment has the meaning ascribed to it in Section 2.4.

Debt Adjustment has the meaning given to it in clause 4.5;

Debt Adjustment means the amount, if any, by which the Indebtedness of the Company at Closing is greater than (i) the amount disclosed in the Financial Statements or (ii) such other amount as agreed to in writing by the Buyer;

Debt Adjustment means the aggregate dollar amount of any loans, contributions or other advances (including all accrued interest thereon) made by the Company or any Company Subsidiary to any Distributed Subsidiary or with respect to any Distributed Assets ( "Distribution Funding") between May 4, 1999 and the Effective Date, (i) disregarding the contribution of intercompany debt to the Distributed Subsidiaries as set forth in Section 8.4(b) and (ii) not taking into account the lesser of (A) the amount of any such loans, contributions or other advances used to fund net operating costs and (B)