Ordinary Course Liabilities Sample Clauses

Ordinary Course Liabilities. Holders of Administrative Claims based on liabilities incurred by a Debtor in the ordinary course of its business, including Administrative Trade Claims and Administrative Claims of governmental units for Taxes (including Tax audit Claims arising after the Petition Date) shall not be required to File or serve any request for payment of such Administrative Claims. Such Administrative Claims shall be satisfied pursuant to Section 3.1 of the Modified Plan.
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Ordinary Course Liabilities. The Company hereby assumes and agrees to pay, perform and discharge when due the liabilities and obligations of NWIP and of any other member of the Nextel Group, whether primary or secondary, absolute or contingent, direct or indirect, that arose or were incurred in the ordinary course of business consistent with the past practice of the Nextel Group in connection with the construction, design or operation of an ESMR Network in the Expansion Territory before the date of this Agreement or that arise from the ownership or operation of the Assets. If there are any such liabilities that relate to a particular asset that were not taken into account in the value of the asset for purposes of the payment under Section 5.1(b), it will be corrected in the True Up.
Ordinary Course Liabilities. Administrative Claims based on liabilities incurred by the Debtors in the ordinary course of their businesses will be assumed and paid by Reorganized MCCA pursuant to the terms and conditions of the particular transaction giving rise to such Administrative Claim, without any further action by the holders of such Claims.
Ordinary Course Liabilities. The current Liabilities of Seller relating ---------------------------- to the Business or the Purchased Assets as of the Closing Date to the extent provided for in the Final Closing Date Balance Sheet;
Ordinary Course Liabilities. Except as otherwise specifically provided in the Plan, holders of claims against the Debtors (other than Fee Claims) based on liabilities incurred after the Petition Date in the ordinary course of the Debtors' businesses shall not be required to file any request for payment of such Claims. Such Claims shall be assumed and paid by Reorganized Xxxxxxxxx in the ordinary course of business of Reorganized Xxxxxxxxx, in accordance with the terms and subject to the conditions of any agreements governing, instruments evidencing, or other documents related to the transactions underlying such Claims, without any further action by the holders of such Claims.
Ordinary Course Liabilities. The Company hereby assumes and agrees to pay, perform and discharge when due the liabilities and obligations of NWIP and of any other member of the Nextel Group, whether primary or secondary, absolute or contingent, direct or indirect, that arose or were incurred in the ordinary course of business consistent with the past practice of the Nextel Group in connection with the construction, design or operation of an ESMR Network in the Territory before the date of this Agreement or that arise from the ownership or operation of the Assets including the rent and other charges due under any Raw Land Lease. If there are any such liabilities that relate to a particular asset that were not taken into account in the value of the asset for purposes of the payment under Section 5.1(b) that will be corrected in the True Up.
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Ordinary Course Liabilities. Liabilities of Seller of the type set forth in the Balance Sheet and assumed pursuant to Section 1.4(a) above which are incurred between the date of the Balance Sheet and the Closing Date in the usual and ordinary course of business of Seller and consistent with its past practice, provided and only to the extent that said Liabilities and obligations are fully reflected or reserved against in the Closing Date Balance Sheet; and

Related to Ordinary Course Liabilities

  • Nonrecourse Liabilities For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Partners in accordance with their respective Percentage Interests.

  • 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.

  • Excess Nonrecourse Liabilities Solely for purposes of determining a Member’s proportionate share of the “excess nonrecourse liabilities” of the Company within the meaning of Section 1.752-3(a)(3) of the Regulations, the Members’ interests in the Company’s Profits are in proportion to their LLC Percentages.

  • OPERATION IN ORDINARY COURSE The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions.

  • Ordinary Course of Business The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Servicer;

  • Allocation of Excess Nonrecourse Liabilities For purposes of determining a Holder’s proportional share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), each Holder’s respective interest in Partnership profits shall be equal to such Holder’s Percentage Interest with respect to Partnership Common Units, except as otherwise determined by the General Partner.

  • Current Assets The term "Current Assets" shall mean, with respect to the Company, cash and other assets that are expected to be converted into cash, sold or exchanged within one year from the Closing Date, including marketable securities, receivables, inventory and current prepayments .

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • Minimum Gain Chargeback (Nonrecourse Liabilities) Except as otherwise provided in Section 1.704-2(f) of the Regulations, if there is a net decrease in Partnership Minimum Gain for any Partnership fiscal year, each Partner shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Partner’s share of the net decrease in Partnership Minimum Gain to the extent required by Section 1.704-2(f) of the Regulations. The items to be so allocated shall be determined in accordance with Sections 1.704-2(f) and (i) of the Regulations. This subparagraph 2(a) is intended to comply with the minimum gain chargeback requirement in said section of the Regulations and shall be interpreted consistently therewith. Allocations pursuant to this subparagraph 2(a) shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant hereto.

  • Business in Ordinary Course (a) Except as may be required to obtain regulatory approvals or as otherwise may be required by any regulatory authority, after the date of this Agreement, Seller shall not, without the prior written consent of Buyer (which consent shall not be unreasonably withheld):

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