Assumed Current Liabilities definition

Assumed Current Liabilities means the Accounts Payable, Hired Employee Costs and Other Current Liabilities.

Assumed Current Liabilities has the meaning set forth in Section 3.1(a).

Assumed Current Liabilities means all Assumed Liabilities that are Current Liabilities.

Examples of Assumed Current Liabilities in a sentence

• The Closing Statement shall set forth (A) Seller's good faith estimate of the Assumed Capital Lease Liabilities, Acquired Current Assets and Assumed Current Liabilities, including all line items of each, in each case as of the Closing Date, and (B) Holdco's good faith estimate of the CSR Charges as of the Closing Date.

• Upon delivery of such report, Assumed Current Liabilities shall be deemed to have been "finally determined" as set forth in such report.

• The buyback, which is in the process of being completed, involves a maximum of 3% of the share capital (or some 26.6 million shares), for use in connection with possible acquisitions or to implement share-based compensation schemes, current or future.

• There shall not be any Law or Order enacted, entered, enforced, promulgated or which is deemed applicable pursuant to an authoritative interpretation by or on behalf of a Governmental Authority of competent jurisdiction with respect to the Merger which would reasonably be expected to make illegal, enjoin, or prohibit the consummation of the Merger.

• The Transfer of Possession will be deemed effective as of 12:01 a.m. Eastern time on the Possession Date.

More Definitions of Assumed Current Liabilities

Assumed Current Liabilities means the current liabilities of Seller as of the Effective Date directly related to the Business each of which was incurred in the ordinary course of business.

Assumed Current Liabilities means, without duplication, (a) accounts payable (other than contra-accounts related to uncleared disbursements recorded as accounts payable) under any Assumed Contract, (b) the Sellers PBGC Amount, if any, (c) the Assumed Accounts Receivable Rebate Liabilities, and (d) all other current Assumed Liabilities of the Asset Sellers, excluding any Buyer Environmental Liability, in each case, existing as of the Closing and as determined in accordance with the Net Working Capital Guidelines; provided that, in determining Assumed Current Liabilities hereunder, (i) all Intercompany accounts payable and current and deferred income Taxes, (ii) all Cure Amounts, (iii) all Transfer Taxes allocated to Buyers pursuant to Section 6(h), (iv) the Assumed Sales Rebate Liabilities, and (v) the Assumed Vacation Liabilities shall be disregarded. For the avoidance of doubt, all Assumed Sales Rebate Liabilities (and the components thereof) will be calculated in accordance with the Net Working Capital Guidelines.

Assumed Current Liabilities means all Liabilities corresponding in name, character and calculation method with all of the line items listed under "Current Liabilities" in the Reference Balance Sheet (as they are updated in the Provisional Final Balance Sheet and the Final Balance Sheet) other than (i) "VAT" and "Accrued Wages," under "Other Account Payables" and (ii) "Withholdings," "Accrued Expenses Payable," "Accrued Income Taxes" and "Current Portion of Long-term Debts."

Assumed Current Liabilities means, as finally determined pursuant to Section 2.2(a) or (b), as applicable, the sum of the Assumed Liabilities that would be properly reflected in the liability section on the face of a balance sheet prepared in accordance with GAAP, consistently applied, such as accounts payable, accrued liabilities, accrued expenses and deferred revenue.

Assumed Current Liabilities has the meaning set forth in Section 1.3.1 of this Agreement.

Assumed Current Liabilities see Section 2.2.

Assumed Current Liabilities means all of Seller's current liabilities and other liabilities relating to the Purchased Issues as of the Closing Date, the estimated amounts of which will be reflected on the CLOSING DATE STATEMENT OF ASSETS AND LIABILITIES.