LLC Receivable
LLC Receivable. Shall mean the indebtedness owing from U.S. Sellco to the U.S. Company in the amount of $54,498,360 (or such other amount as may be determined pursuant to Section 2.08 of the Purchase Agreement) with respect to the Excluded Businesses in each Asset Transfer Jurisdiction.
Found in
McAfee Corp. contract
LLC Receivable. Shall mean the indebtedness owing from the U.S. Seller to the U.S. Company in the amount agreed to by the Sellers and the Purchaser, each acting reasonably and in good faith, at least five (5) Business Days prior to the Closing Date, which indebtedness shall not bear any interest, and the Parties agree not to impute any interest or accrue any interest on such indebtedness for Tax purposes.
All Definitions
Found in
McAfee Corp. contract