Debt Payoff Amount definition

Debt Payoff Amount shall have the meaning set forth in Section 6.13.

Debt Payoff Amount is defined in Section 2.4.1(d).

Debt Payoff Amount means the amount necessary, if any, to fully repay and discharge the Indebtedness referred to in clauses (i) and (ii) of the definition thereof of the Companies and the Subsidiaries outstanding at and as of the Closing.

Examples of Debt Payoff Amount in a sentence

• Subject to Parent’s compliance with the previous sentence, the Company shall pay the Debt Payoff Amount to the counterparties under the Company Debt as promptly as practicable following the date the Company receives such Debt Payoff Amount.

• The Parent Parties shall cause the Funded Debt Payoff Amount to be paid on the Closing Date.

• Notwithstanding anything to the contrary in this Agreement, no Company Entity shall be obligated, by virtue of this Agreement, to make any prepayments with respect to the amounts outstanding under the Company Credit Agreement (i) prior to the Closing Date and (ii) unless Parent or Merger Sub provides funds to the Company in an amount sufficient to, or places in escrow or otherwise pays on behalf of such Company Entity, the Funded Debt Payoff Amount.

• At or immediately following the Effective Time, the Buyer shall, or shall cause the Surviving Corporation, to pay the Company Debt Payoff Amount set forth on the Allocation Certificate to the applicable third parties.

• Seller shall at Seller’s election have the option to pay the Debt Payoff Amount directly out of Seller’s own funds in advance of Closing rather than have the Debt Payoff Amount paid by Buyer and Parent out of the Cash Consideration at Closing, in which case Seller shall provide evidence of such payment to Buyer.

More Definitions of Debt Payoff Amount

Debt Payoff Amount shall have the meaning set forth in Section 2.14(c).

Debt Payoff Amount means, to the extent unpaid as of the Effective Time, the amount necessary to fully discharge the Indebtedness of the Company outstanding as of the Effective Time.

Debt Payoff Amount means the aggregate amount necessary to pay off, redeem, satisfy, discharge or defease any Funded Debt.

Debt Payoff Amount means the aggregate amount owed by the Company as reflected in the Debt Schedule and Payoff Letters.

Debt Payoff Amount means the aggregate principal amount of indebtedness outstanding under the Existing Financing Agreement, plus any accrued and unpaid interest and any fees and expenses owed in connection therewith, in each case, calculated as of immediately prior to the Initial Closing.

Debt Payoff Amount means the amount of Indebtedness outstanding on the Closing Date under SRA Credit Agreement.

Debt Payoff Amount means the dollar amount required to be paid by the parties to repay and satisfy in full the Payoff Indebtedness.