Accounts Payable (Trade) definition

Accounts Payable (Trade) means all accounts payable of any Company Entity other than any payables owing to Seller or any Affiliate of Seller (other than any Company Entity).
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Accounts Payable (Trade) and "Accrued Expenses, etc." (as titled on the consolidated balance sheet of Seller) for the specified date calculated using GAAP and consistent with historic practices. The consolidated "Debt Obligations" of Seller is defined as the "Credit Line," "Current Portion of LTD" (long-term debt) and "Long-Term Debt"(as titled on the consolidated balance sheet of Seller) for the specified date calculated using GAAP and consistent with historic practices. On or before 45 business days after Closing, Schmitz, Corrigan, Krau▇▇ & ▇o. will prepare the Balance Sheet of Seller as of July 31, 1999 (done on a consolidated compiled basis), which shall include calculations of the consolidated Shareholder's Equity, Working Capital Without Debt, and Debt Obligations, as well as any Post-closing Adjustment. If as of July 31, 1999 (a) the consolidated Shareholder's Equity is less than $8,553,286; or (b) the consolidated Working Capital Without Debt is less than $10,457,859 or the consolidated Debt Obligations exceed $19,247,104 (except that no adjustment under this subpart (b) is necessary as long as the consolidated Working Capital Without Debt exceeds $10,457,859 in an amount equal to or greater than the consolidated Debt Obligations of Seller exceeds $19,247,104); the difference, being the Post-closing Adjustment, will be deducted from the Withheld Amount (as defined in Section 3.2.2). Purchaser may object in a written notice to Seller describing the nature of Purchaser's objections within 15 business days after receipt of the consolidated Balance Sheet of Seller as of July 31, 1999, which will include the calculations of the consolidated Shareholder's Equity, Working Capital Without Debt, and Debt Obligations, as well as any Post-closing Adjustment. If Purchaser does not object within such 15 day period, the statements and calculations shall be deemed accepted and approved. If Purchaser raises an objection within the 15 day period, the parties shall attempt to resolve the matter or matters in dispute. If such dispute cannot be resolved within 30 days after such written notice has been received by Seller, then any specific matter in dispute shall be submitted to PricewaterhouseCoopers LLP, Cleveland, Ohio office (the individual thereat to be mutually selected by the Purchaser and Seller) ("PwC"), which firm shall make a final and binding determination as to such matter or matters. Such accounting firm shall deliver its determination regarding the matters submitted to it with...
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Examples of Accounts Payable (Trade) in a sentence

  • Accounts Payable Trade Creditors (Less Than 30 Days) 185,000 237,000 Trade Creditors (Over 31 Days) 75,000 90,000 Total Accounts Payable 260,000 327,000 Note 13.

  • Fully discharge all Obligations of the Company on a timely basis so that the Obligations of the Company existing as of the Closing Date shall consist solely of Accounts Payable, Trade Liabilities and the Debt Payoff Amount.

  • For the December balance sheet, these were: ▇▇▇▇▇▇▇ Accounts Payable Trade (1,400,781 ) 2030020 A/P - Trade – Unvouched (794,066 ) 2030130 Goods Received - Not Invoiced (46,046 ) Trade accounts payable, unvouchered trade accounts payable, goods received but not invoiced, consignment payables and outstanding checks amounts in the Closing Date Working Capital will be recognized on a consistent basis with the above.

  • Co (728) Accounts Payable Trade $ 65,647 ---------------------- ========== Sales Tax Payable $ 71 ----------------- ========== 1 Line of Credit-Southeastern Bank $ 1,618 2 Line of Credit-Bank of America 193,388 Lines of Credit $ 235,006 --------------- ========== 1 Mortgage Payable-Dewey W.

  • Assumed Trade Accounts Payable Trade Accounts Payable of the Baton Rouge Location, the W▇▇▇▇▇ Hills Location, the Suzhou Location, Ferro Japan, and Ferro Belgium.