Accounts Payable and Accrued Expenses. The accounts payable, and other accrued expenses of the Company and its Subsidiaries, represent bona fide obligations incurred by the Company and its Subsidiaries which arose in the ordinary course of business. Set forth on Schedule 5.25 hereto is a list of all accounts payable and other accrued expenses as of the Latest Balance Sheet Date together with the name of each payee, the relationship (if any) to the Company and its Subsidiaries, the date each such payment is due and the nature of the transaction in which it was incurred if other than a trade payable incurred in the ordinary course of business.
Accounts Payable and Accrued Expenses. All accounts payable and accrued expenses reflected on the Financial Statements arose from bona fide transactions in the ordinary course of business.
Accounts Payable and Accrued Expenses. DECEMBER 31 ---------------------- 2001 2000 -------- -------- Trade payables $ 18,875 $ 14,926 Accounts payable and accrued expenses 17,640 16,357 Payable for securities 7,946 6,921 Other 1,781 - -------- -------- $ 46,242 $ 38,204 ======== ========
Accounts Payable and Accrued Expenses. Accounts payable and accrued expenses consist of the following at December 31: 1999 ---- 1998 ---- Accounts payable......................................... $112,233 $ 7,439 Liability for pending transfer of cable system........... 88,200 -- Accrued interest......................................... 85,870 30,809 Programming costs........................................ 72,245 11,856 Capital expenditures..................................... 66,713 15,560 Franchise fees........................................... 46,524 12,534 Accrued general and administrative....................... 39,648 6,688 Accrued income taxes..................................... 4,188 15,205 Other accrued liabilities................................ 191,154 -------- $706,775 ======== 27,495 -------- $127,586 ======== The liability for pending transfer of cable system represents the fair value of a cable system to be transferred upon obtaining necessary regulatory approvals in connection with the transaction with InterMedia Capital Partners IV L. P., InterMedia Partners and their affiliates. Such approvals were subsequently obtained and the system assets were transferred in March 2000. 92
Accounts Payable and Accrued Expenses. 21 Section 2.29 Accounts Receivable............................... 21 Section 2.30 Solvency.......................................... 22 Section 2.31 Investment Company Act............................ 22 Section 2.32 Securities Exchange Act Reports................... 22 Section 2.33 Securities Exemption.............................. 23 Section 2.34 Customers and Suppliers........................... 23 Section 2.35 Rights Plan....................................... 23 Section 2.36
Accounts Payable and Accrued Expenses. All accounts payable and accrued expenses of Seller outstanding as of the date hereof have arisen only from bona fide transactions in the ordinary course of business consistent with past practice, and no such account payable or accrued expense is delinquent as of the date hereof.
Accounts Payable and Accrued Expenses. The Seller acknowledges and agrees there are no existing liabilities of the Company to the Seller other than pursuant to this Agreement and the Company acknowledges and agrees there are no existing liabilities of the Seller to the Company other than pursuant to this Agreement. All accounts payable and accrued expenses of the Company that would properly be included on a balance sheet of the Company as of the Closing Date prepared in accordance with GAAP (the “Existing Payables and Accruals”) shall be satisfied (other than accrued vacation for those employees the Company does not terminate as of the Closing) by the Seller or the Company in accordance with the remainder of this Section 6.1. As of the Closing the Company shall have at least $25,000 of cash net of any obligation of the Company to satisfy any Existing Payables and Accruals. The Seller shall either satisfy the Existing Payables and Accruals directly as they become due or the Company shall satisfy the Existing Payables and Accruals as they become due and the Seller will deposit cash with the Company to the extent necessary to leave the Company with $25,000 net of any obligation of the Company to satisfy Existing Payables and Accruals. For purposes of clarification, if the Company has no obligation to satisfy Existing Payables and Accruals, the Company would be left with at least $25,000 of cash as of the Closing and if the Company has cash in the amount of $15,000 and is obligated to satisfy Existing Payables and Accruals of $25,000 the Seller would deposit at least $35,000 with the Company.
Accounts Payable and Accrued Expenses. Schedule 2.26 sets forth (i) a true, correct and complete list as of a date not more than five days prior to the date hereof, of the accounts and notes payable of the Company and (ii) a true, correct and complete list, as of the date hereof, of all accrued expenses and accrued liabilities of the Company. Schedule 2.26 includes an aging of all such accounts and notes payable showing amounts due in 30-day aging categories, based upon the invoice date. On the Closing Date, the Company shall deliver to the Purchaser a true, complete and correct list of all accounts and notes payable, including an aging in 30-day categories, based upon the invoice date, as of a date not more than five days prior to the Closing Date, which shall be attached to Schedule 2.26.
Accounts Payable and Accrued Expenses. All of the Payables included in the Current Liabilities of each Company were incurred for goods or services purchased in the ordinary course of business or in connection with the transactions contemplated by this Agreement. All other accrued expenses included in the Current Liabilities of each Company were incurred in the ordinary course of the business or in connection with the transactions contemplated by this Agreement. There are no material Payables of either Company that are unpaid past their stated terms and not included in the Excess Accounts Payable for such Company.
Accounts Payable and Accrued Expenses. Vendor Name/ Doc. Number Amount -------------------------------------------------- Arrhythmia Research Technology IN 13667 3,750.00 3,750.00
