Second Closing Principal Amount definition
Examples of Second Closing Principal Amount in a sentence
At the Second Closing, the Second Closing Principal Amount shall be deducted from the Initial BRS Principal Amount and the Company shall issue and deliver to BRS and the BRS Co-Investors, in exchange for the delivery of the BRS Notes issued at the Initial Closing, Notes in an aggregate principal amount equal to the difference of the Initial BRS Principal Amount (increased to include any Other Interest) and the Second Closing Principal Amount (the “Second BRS Principal Amount”).
Any Other Interest (as defined in the Notes) accrued but unpaid at the time of the Second Closing on the Second Closing Principal Amount shall be added to the principal amount of the BRS Notes issued at the Initial Closing (the “Initial BRS Principal Amount”) and shall for all purposes of this Agreement constitute a part thereof.