Estimated Indebtedness Amount definition

Estimated Indebtedness Amount shall have the meaning set forth in Section 2.1(a)(i).

Estimated Indebtedness Amount shall have the meaning set forth in Section 1.5(a).

Estimated Indebtedness Amount means the amount of Indebtedness of the Group Companies as at the Effective Time designated as such in the Estimated Completion Statement which amount shall be estimated by the Sellers in good faith in accordance with the Accounting Policies;

Examples of Estimated Indebtedness Amount in a sentence

• If the Actual Indebtedness Amount is greater than the Estimated Indebtedness Amount, the Stockholder will, within five (5) Business Days after the determination thereof, pay to the Company an amount equal to the Actual Indebtedness Amount minus the Estimated Indebtedness Amount.

• At the Closing the Buyer shall pay for the sale of the Assigned Assets: (a) cash in the aggregate amount equal to (i) Fifteen Million Eight Hundred Seventy-Five Thousand Dollars ($15,875,000) (the “Base Cash Consideration”) plus or minus (ii) the Estimated Net Working Capital Amount (which shall be a subtraction if the Estimated Net Working Capital Amount is negative) minus (iii) the Estimated Indebtedness Amount (the “Initial Cash Consideration”).

• If the Estimated Indebtedness Amount as finally determined pursuant to this Section 3.3 is greater than the Closing Indebtedness Amount, Buyer shall within three Business Days pay to Sellers the difference by wire transfer of immediately available funds.

• The Seller Representative and the Seller will prepare the Estimated Working Capital Amount and the Estimated Indebtedness Amount in accordance with this Section 2.7, Exhibits B and C and the methodologies (including with respect to application of GAAP, classification and estimation) used in the preparation of the Interim Balance Sheet, and deliver the Estimated Closing Schedule accompanied by a certification to such effect from the Seller Representative and an executive officer or director of the Seller.

• In addition, the Closing Payment will be increased by the Estimated Purchased Cash Amount and decreased by the Estimated Indebtedness Amount, in each case, in accordance with Section 2.5(a).

More Definitions of Estimated Indebtedness Amount

Estimated Indebtedness Amount means the principal amount of any outstanding Indebtedness of the Company estimated as of immediately prior to the Closing.

Estimated Indebtedness Amount means a reasonable estimate of the Indebtedness Amount, determined by the Seller and certified by the Chief Financial Officer of Zymark, after the Buyer has had an opportunity to review and comment.

Estimated Indebtedness Amount shall have the meaning set forth in Section 2.4(a).

Estimated Indebtedness Amount has the meaning given in Clause 4.1.

Estimated Indebtedness Amount means Sellers’ estimate of the Closing Indebtedness included in the Estimated Closing Statement. “Estimated Net Working Capital” has the meaning set forth in Section 2.4(a).

Estimated Indebtedness Amount means Sellers’ estimate of the Closing Indebtedness included in the Estimated Closing Statement.

Estimated Indebtedness Amount has the meaning ascribed to such term in Section 1.3.