Accounts Payable Amount definition
Examples of Accounts Payable Amount in a sentence
Thus, Green Plains argues that EHC actually would be operating the plants, yet EHC still could rely on the language of Schedule I to disclaim the assumption of liabilities and obligations of the listed contracts.Third, Green Plains asserts there is ambiguity over the definition of Accounts Payable Amount.
If Seller fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Accounts Payable Amount and the Post-Closing Adjustment, as the case may be, reflected in the Final Closing Statement shall be deemed to have been accepted by Seller as of the last day of the Review Period.
Further, EHC claims that because EHC never assumed any liabilities, the Accounts Payable Amount was by definition zero, so there can be no Shortfall Amount owed to Green Plains.EHC also asserts that the only way EHC could have assumed liabilities is if EHC had operated the Buffalo Lake and Pioneer Trail plants after the DILFA closing and prior to the APA closing.
The guiding principles for determining the value of the Accounts Payable Amount shall be that if the total of the estimated values listed in (i) through (v) immediately below is $265 million, then the Accounts Payable Amount will be $106 million.
The Buyer’s determination of the Trade Accounts Payable Amount, the Current Asset Amount and the Capital Asset Amount shall be final, conclusive and binding upon the parties for all purposes unless, within thirty (30) days after receipt of the Statement, the Seller notifies the Buyer in writing (the “Dispute Notice”), setting forth in reasonable detail, any dispute with any item contained in the Statement.