Cumulative Total Debt

Cumulative Total Debt. For purposes of this Agreement, "Cumulative Total Debt" shall mean the sum of: i) the Total Debt of the Company and its subsidiaries on the Liquidation Date (as hereinafter defined), which Total Debt is to be measured on the Liquidation Date one hour prior to: (a) any pay-off of any such debt, if applicable; and/or (b) the assumption of any such debt by a buyer of the Company or any of its businesses, if applicable; and ii) any Debt of the Company and... its subsidiaries ("Vlasic") which, subsequent to the effective date of this Agreement and prior to the Liquidation Date: (a) was paid off by Vlasic as a result of proceeds received from a sale of the Company's businesses, if applicable; and/or (b) was assumed by a buyer of any of the Company's businesses, if applicable. View More