Assumed Accounts Payable definition

Assumed Accounts Payable has the meaning set forth in Section 1.03(a).

Assumed Accounts Payable means any accounts payable owed by Seller and that are outstanding as of the Closing that are for Expansion Costs or Operating Costs that in each case have been approved (or have been deemed approved) in accordance with Section 4.1(b), (c), or (d).

Assumed Accounts Payable shall have the meaning set forth in Section 2.3(a)(iii).

Examples of Assumed Accounts Payable in a sentence

• All Assumed Accounts Payable have arisen from bona fide transactions entered into by Seller in the Ordinary Course of Business.

• It will also assist with providing individuals who are well-positioned and well-prepared for deployment in emergency responses.

• The western region also hired a 13-week seasonal intern from Unity College to assist with campsitemaintenance on Moosehead Lake.

• At Closing, such amounts necessary to pay the Assumed Accounts Payable, the Assumed Contract Payables and the Cheniere Payable under Section 2.1(c) and such additional amounts of working capital as the General Partner determines.

• For purposes of this Agreement, “Net Working Capital” means (i) the sum of the Inventory, the Receivables (net of allowance for doubtful accounts), deposits, prepaid expenses and other current assets, minus (ii) the Assumed Accounts Payable, each such item as determined in accordance with GAAP applied on a basis consistent with the sound historical accounting principles, policies, procedures and practices of the Business (the “Specified Accounting Principles”).

More Definitions of Assumed Accounts Payable

Assumed Accounts Payable has the meaning set forth in Section 1.3(b) of this Agreement.

Assumed Accounts Payable shall have the meaning provided in Section 1.4(a).

Assumed Accounts Payable as defined in Section 2.4(a).

Assumed Accounts Payable means all Liabilities for accrued expenses and accounts payable of the Business with respect to those suppliers and vendors set forth on a list made available to Purchaser; provided, that such list may be updated pursuant to the mutual written agreement of Purchaser and the Sellers prior to the Closing Date.

Assumed Accounts Payable has the meaning ascribed to it in Section 2.4.

Assumed Accounts Payable means the accounts payable of the Company as of the date hereof, which is being assumed by the Purchaser as set forth in Section 2.3; provided, however, accounts payable related to Craig Alexander in the amount of $13,417 (reflecting a pro rata allocation of the $7,500 payment to be made for the 3rd quarter of 2019) along with all payables related to the 2019 production run of the Business shall not be included in Assumed Accounts Payable.

Assumed Accounts Payable means, the Accounts Payable of the Business arising after the Petition Date, to the extent historically included as accounts payable of the Selling Entities prior to the date of this Agreement as reflected in the Financial Statements and, in each case, outstanding as of the Closing Date.