Debt Settlement Amount definition

Debt Settlement Amount means the amount required to discharge or otherwise satisfy in full on the Closing Date, all of the debt obligations of the Company under the Revolving Credit Facility and the Subordinated Debt.
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Debt Settlement Amount means all monies due or payable in respect of the repayment of the Bank Facilities at Completion in order to discharge in full and final settlement all liabilities of the Group thereunder;
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Debt Settlement Amount shall have the meaning ascribed to such term in the Purchase Agreement.
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Examples of Debt Settlement Amount in a sentence

  • The Debt Settlement Amount shall not exceed $71,200,000, and none of the holders of the Company's Subordinated Debt shall have exercised, or indicated his or its intention to exercise, any acceleration, penalty interest, equity conversion or similar right thereunder.

  • The Company hereby covenants and agrees that such Debt Settlement Amount shall be used for the sole purpose of retiring the Company’s debts and liabilities as set forth in Schedule 2.13 and that such amount shall satisfy all remaining indebtedness and obligations of the Company except for the 10-K Obligation.

  • For clarity, this Agreement is not intended to, and shall not serve to, affect or terminate the Promissory Notes, or either of them, unless or until the Debt Settlement Amount is timely paid in full, provided however that all payments actually received on the Promissory Notes by Mx. Xxxxxx will serve to reduce the obligations owing under the Promissory Notes, including but not limited to the amounts payable as of the date hereof as set forth in (a) and (b) of this Section 1.3.

  • Draganfly further covenants to use commercially reasonable efforts to negotiate in good faith with its creditors to reduce the Draganfly Overdue Debt such that it does not exceed the Debt Settlement Amount.

  • Pursuant to the Purchase Agreement, Sellers have agreed to sell to Jan Xxxx, xxd Jan Xxxx xxx agreed to purchase from Sellers, up to one hundred percent (100%) of the Outstanding Shares, Equity Rights and Option Shares of Mayor's in exchange for payment by Jan Xxxx xx the Purchase Price and the Debt Settlement Amount.

  • The Proposed Debt Restructuring will impact the earnings per share, net assets per share and gearing of the Group resulting from one-off accounting reversals due to the waiver of all sums owing to the Scheme Creditors in excess of the Debt Settlement Amount and the termination of all existing contracts with the Scheme Creditors.

  • Each Seller and Purchaser agree that the Debt Settlement Amount allocable to each Seller as set forth on Schedule E shall be deducted from the Total Share Consideration otherwise allocable to such Seller, as provided in Section 2.1(b) and Schedule A, and at Closing, such deduction shall satisfy in full each Seller’s payment obligations in respect of the Intercompany Debt.

  • The parties acknowledge and agree that $140,000 of the Debt Settlement Amount was previously deposited into an escrow account with Rxxxxxxxxx & Pxxxx LLP, legal counsel to iPayMobil (“RP” or “Escrow Agent”), and shall be distributed to each of the debt holders identified on Schedule 2.13 attached hereto (the “Debt Holders”), in the specific amount set forth opposite each Debt Holder’s name at the Closing.

  • Company acknowledges, warrants, and represents that Company’s liability to pay under, and perform, the Promissory Notes, is absolute and unconditional, and except for the payment of the Debt Settlement Amount plus interest in accordance with Section 1.3 of this Amendment, there exists no right of deduction, setoff, recoupment, counterclaim, or defense of any nature whatsoever, or if any such right exists then it is effectively and finally released by this Amendment.

  • The aggregate consideration to be paid by Purchaser for the Shares shall be 16,000,000,000 Japanese Yen less the Marks Purchase Price and the Debt Settlement Amount (the "Shares Purchase Price").


More Definitions of Debt Settlement Amount

Debt Settlement Amount has the meaning specified in Section 7.2(h).
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Related to Debt Settlement Amount

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Early Redemption Amount (Tax) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Mandatory Settlement Date means the earliest of:

  • Early Redemption Amount (k) means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

  • Purchase Contract Settlement Date means [ ].

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Early Redemption Level (k) means the Early Redemption Factor (k) x R (initial).

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.