Other Current Liabilities means accrued expenses and other current Liabilities (determined in accordance with GAAP) of Seller as of the Closing Date in relation to the Cable Modem Business that are included in the Assumed Liabilities and assumed by Holdco at the Closing. Other Current Liabilities shall include, without limitation, (a) all accrued and unpaid real property and personal property taxes (taking into account Section 8.15(b)), (b) accrued (in accordance in with GAAP) and unpaid expenses relating to the Acquired Assets for periods prior to the Closing Date and (c) any amounts due with respect to franchise fees. Notwithstanding the foregoing, Other Current Liabilities shall not include Assumed Capital Lease Liabilities, Assumed Real Estate Lease Liabilities, Assumed Operating Lease Liabilities, CSR Charges (as defined in Section 8.22 below), Accounts Payable, Hired Employee Costs, real property and personal property taxes and accrued and unpaid expenses relating to the Acquired Assets attributable to post-Closing periods (taking into account Section 8.15(b)), Transfer Taxes and any liability of Seller in respect of Taxes in accordance with Section 2.04(e) hereof.
Other Current Liabilities means the aggregate of (a) advances from customers, (b) unpaid services and materials for previously invoiced projects, (c) accrued distributor commissions and incentives, (d) freight accruals, and (e) other miscellaneous accrued fees and costs, consistent with past practices of the Business (but excluding (i) intercompany payables, (ii) lease accruals related to the Business’ facility located in Xxxxxxxx Heights, Ohio and (iii) the liabilities, costs and expenses under the following benefit plans and arrangements: (A) Marconi USA Employees’ Retirement Plan, (B) RELTEC Corporation Retirement Plan, (C) Reliance Comm/Tec Corporation Supplemental Retirement Plan, effective August, 1995, (D) Reliance Comm/Tec Corporation Special Retirement Program for Elected Officers effective August, 1995, (E) the Retiree Medical Plan, (F) pension and other obligations described in paragraphs 1 and 2 of Schedule Mexico-1, (G) Pension Plan for the Salaried and Management Employees of Marconi Communications Canada Inc. and (H) Pension Plan for the Hourly Employees of Marconi Communications Canada Inc.).
Other Current Liabilities means the aggregate of (i) the accrual for the discount owing to Communications Test Design, Inc., a distributor to BellSouth Telecommunications, Inc., which accrual the Seller and the Purchaser agree shall equal 2.25% of outstanding accounts receivables owing to the Access Business from Communications Test Design, Inc. and (ii) the accruals for personal property taxes, sales and use taxes and franchise taxes.
Examples of Other Current Liabilities in a sentence
OTHER CURRENT LIABILITIES Provisions - - Unfunded Pension liability 1,091,771 1,028,771 Other - - Total Other Current Liabilities 1,091,771 1,028,771 NOTE 15.
Balance Sheet As of December 31, 2020 Assets Cash 31,372,374 Receivables 66,790,154 Prepaid Expenses & Other Current Assets 11,526,507 Fixed Assets − net 16,402,070 Notes Receivables 626,028 Other Long Term Assets 412,361 Total Assets 127,129,494 Liabilities Accounts Payable 18,759,799 Accrued Expenses & Other Current Liabilities 51,005,409 Other Long Term Liabilities 34,701,016 Owner's Equity 22,663,270 Total Liabilities & OE 127,129,494 Confidential Ash Xxxxx, CFO Xxxxxxx Engineers, Inc.
Funds (a) Share Capital (b) Reserves and Surplus Current Liabilities (a) Other Current Liabilities (b) Short-Term Provisions ASSETS Non-Current Assets (a) Fixed Assets (i) Tangible Assets (b) Non-Current Investments (c) Long Term Loans & Advances Current Assets (a) Inventories (b) Cash and Cash Equivalents (c) Short-Term Loans and Advances TOTAL TOTAL 1 2.01 18,000,000 18,000,000 2.02 (5,937,144) (6,546,580) 2 2.03 60,000 60,000 2.04 - 815,000 12,122,856 12,328,420 II.
Actual 2013/14 Actual $ $ $ Due to Other Government Entities - 74,841 74,841 AR accounts with credit balances - - 189,083 Accruals and Other Misc Balances 41,395 41,395 64,157 Total Other Current Liabilities 41,395 116,236 328,081 Note 10.
More Definitions of Other Current Liabilities
Other Current Liabilities means, as of any date of determination, the total liabilities of Company which may be properly classified as current liabilities on a consolidated balance sheet of Company in accordance with GAAP.
Other Current Liabilities means all other current liabilities of the Partnership and the Subsidiaries, including accrued expenses.
Other Current Liabilities refer to the sum of items of Other Current Liabilities in the balance sheet of the Target Company, excluding accounts payable (affiliates) and other payables (affiliates). Specifically, Other Current Liabilities refer to the accounting subjects marked attributable to Other Current Liabilities in column of “category” in the balance sheet of the Target Company as at March 31, 2015 attached in Attachment III.
Other Current Liabilities means all liabilities of the Company that would, in accordance with GAAP, be classified as current liabilities other than Accounts Payable, and including, without limitation, any accrued Taxes, deferred revenue obligations and accrued payroll expenses, in each case determined in accordance with GAAP applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Financial Statements.
Other Current Liabilities means (i) accrued but unpaid compensation, severance (including the employer-paid portion of withholding, unemployment, payroll, social security and other similar Taxes with respect thereto), vacation and paid time off (excluding defined benefit pension plans), and (ii) any customs duties payables, to the extent related to the Business.
Other Current Liabilities means all liabilities of the Company or any Newly Granted Permittee that would, in accordance with GAAP, be classified as current liabilities other than Accounts Payable, but including, without limitation, any accrued Taxes, deferred revenue obligations and accrued payroll expenses. Notwithstanding anything to the contrary, “Other Current Liabilities” shall not include any amounts owed by the Company with respect to the Initial Payment or Second Payment, or any amounts owed under the Line of Credit.
Other Current Liabilities means, as of any date of determination, the sum of the following liabilities of the Company and the Company’s U.S. Subsidiaries, which may be properly classified as current liabilities on a consolidated balance sheet of the Company in accordance with GAAP, (w) Accrued Liabilities (excluding Accrued Job Losses), (x) Qualified Retainage Payable, (y) Equipment Indebtedness, and (z) Adjusted Note Obligation.