Common use of Current Liabilities Clause in Contracts

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 14 contracts

Samples: Loan and Financing Agreement, Loan Agreement (American Aircarriers Support Inc), Loan Agreement (American Aircarriers Support Inc)

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Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAPAccounting Terms, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 2 contracts

Samples: Credit Agreement (Avatar Holdings Inc), Credit Agreement (Avatar Holdings Inc)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. E.

Appears in 2 contracts

Samples: Loan Agreement (E Net Inc), Loan Agreement (Air Transportation Holding Co Inc)

Current Liabilities. Current Liabilities means means, with respect to the Corporate Guarantor and the Borrower on a consolidated basis, the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 1 contract

Samples: Loan Agreement (Fountain Powerboat Industries Inc)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made. Current liabilities do not include deferred revenues or billxxxx xx excess of costs as reflected on Borrower's Consolidated Financial Statements.

Appears in 1 contract

Samples: Loan Agreement (Daleen Technologies Inc)

Current Liabilities. Current Liabilities means the aggregate amount Liabilities" means, with respect to any Person, all liabilities of all such Person treated as current liabilities as determined in accordance with GAAP, including without limitation (a) all obligations payable on demand or within one year after the date in which the determination is made and (b) installment and sinking fund payments required to be made within one year after the date on which determination is made, but in any event shall include excluding all such liabilities except those having or obligations which are renewable or extendable at the option of such Person to a maturity date which is more than one year from the date as of which such computation is being madedetermination.

Appears in 1 contract

Samples: Lease Agreement (Genentech Inc)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. 2

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Air South Airlines Inc)

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Current Liabilities. Current Liabilities Liabilities" means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 1 contract

Samples: Loan Agreement (Syntellect Inc)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities of the Borrower and its Subsidiaries, on a consolidated basis, as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made, plus, without duplication, the amount equal to the aggregate undrawn amount of all letters of credit issued for the account of Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Peerless Manufacturing Co)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities of the Borrower and its Subsidiaries, on a consolidated basis, as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. E.

Appears in 1 contract

Samples: Loan Agreement (Peerless Manufacturing Co)

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