Seller Indebtedness definition

Seller Indebtedness means Indebtedness incurred after the date hereof and payable to sellers in connection with Permitted Acquisitions that by its terms is subordinated to the payment of the principal of and interest on the Loans and Reimbursement Obligations.

Seller Indebtedness means Indebtedness incurred after the A&R Closing Date and payable to sellers in connection with Permitted Acquisitions that by its terms is subordinated to the payment of the principal of and interest on the Loans and Reimbursement Obligations.

Seller Indebtedness means Indebtedness in connection with an Acquisition in favor of the seller of such assets (or its parent or successor in interest).

Examples of Seller Indebtedness in a sentence

• Designate all Obligations as “designated senior debt” (or any similar designation) under any Subordinated Seller Indebtedness.

• At least five (5) days prior to the Closing, the Sellers shall obtain and deliver to Buyer payoff and estoppel letters from the holders of any Seller Indebtedness, which letters shall contain payoff amounts, per diems, wire transfer instructions and an agreement to deliver, upon full payment of any such Seller Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate release and any original promissory notes or other evidence of Seller Indebtedness marked canceled.

• At the Closing, the Buyer shall satisfy and pay the Seller Indebtedness set forth on the Closing Statement.

• Schedule 6.2(g)(2) sets forth true and complete listing of each agreement, instrument, or other documentation governing the Seller Indebtedness.

• The Purchase Price shall be paid by Buyer to Seller by (i) the cancellation of any outstanding principal and accrued and unpaid interest owed by Seller to Buyer under the Credit Agreement, dated as of October 31, 1997 between Seller and Buyer, in the amount of $710,000 (the "Seller Indebtedness") and (ii) the set-off of the BSA Fees and Expenses (as defined in the Termination Agreement).

More Definitions of Seller Indebtedness

Seller Indebtedness. All Indebtedness described in Section 6.13(e).

Seller Indebtedness. Indebtedness of the Borrower which is issued to the seller in a Permitted Acquisition as all or a portion of the consideration for such Permitted Acquisition.

Seller Indebtedness means Indebtedness of the Company to IPP Holding Company, LLC (f/k/a Interpoint Partners, LLC) pursuant to the Subordinated Promissory Note dated November 20, 2013 in the original principal amount of $900,000.

Seller Indebtedness has the meaning specified in Section 7.03(f).

Seller Indebtedness means Indebtedness of the Company to Target pursuant to the Convertible Subordinated Promissory Note dated December 7, 2011 in the original principal amount of $3,000,000.

Seller Indebtedness means the amount, without duplication, of the following: (i) all indebtedness or other obligations of Seller for borrowed money, whether current, short-term or long-term, secured or unsecured, including all overdrafts and negative cash balances, (ii) all indebtedness of Seller for the deferred purchase price for purchases of property or services (except any trade payable incurred in the ordinary course of business that is treated (in its entirety) as a current account payable under United States GAAP), (iii) all lease obligations of Seller under leases that have been or should be capitalized in accordance with United States GAAP, (iv) the aggregate face amount of all outstanding letters of credit issued on behalf of Seller; (v) all obligations of Seller arising under acceptance facilities; (vi) all guaranties, endorsements and other contingent obligations of Seller to purchase, to provide funds for payment, to supply funds to invest in any other entity, or otherwise to assure a creditor against loss; (vii) all obligations of Seller under any interest rate protection, foreign currency exchange, or other interest or exchange rate swap or hedging agreement or arrangement, or other derivative product; (viii) all obligations secured by an Lien upon any assets or properties of Seller; (ix) all indebtedness referred to in clauses (i) through (xv) above of any Person other than Seller that is guaranteed by Seller; and (x) accrued and unpaid interest on, and prepayment premiums, penalties or similar contractual charges arising as a result of the discharge of, any such foregoing obligation.

Seller Indebtedness means, collectively, (a) the Indebtedness of TRX Luxembourg, S.a.r.I to Kuoni Reisen Holding AG pursuant to that certain Loan Agreement dated as of January 5, 2004, and guarantee of such Indebtedness by the Borrower set forth therein, (b) the Indebtedness of TRX Luxembourg, S.a.r.I to Xxxx Xxxxxxxx plc pursuant to that certain TRX Lux Loan Agreement dated as of January 1, 2004, and guarantee of such Indebtedness by the Borrower set forth therein, and (c) the Indebtedness of TRX Europe, Ltd. to Xxxx Xxxxxxxx plc pursuant to that certain Amended and Restated ETRX Loan Agreement dated as of January 1, 2004, and guarantee of such Indebtedness by the Borrower set forth therein.