Adjusted Current Liabilities definition

Adjusted Current Liabilities means, as of any given time, the Financial Statements Current Liabilities as determined in accordance with the Agreed Valuation Principles.

Adjusted Current Liabilities shall have the meaning set forth in Section 2.8(b).

Adjusted Current Liabilities means, at any time, ‘current liabilities’ as defined by GAAP at such time, minus all Indebtedness owed to the Senior Subordinated Creditor at such time, if and only if such Indebtedness is classified at such time as a current liability in accordance with GAAP.

Examples of Adjusted Current Liabilities in a sentence

• For purposes of calculating the Adjustment Number and determining the Exchange Ratio, the Company shall deliver to Parent on the third Business Day prior to the Closing Date a pro forma calculation of the net amount of Company’s cash and cash equivalents on hand, Accounts Receivable, Company Note Balance and Adjusted Current Liabilities (the “Preliminary Adjustment Schedule”), along with supporting documentation.

• Any fees of Escrow Agent not already previously identified as Adjusted Current Liabilities relating to establishment of, transactions for, or termination of the Stockholder Representative Escrow Fund shall be payable by Stockholder Representative from the Stockholder Representative Escrow Fund.

• The “Adjustment Number” means the number of shares of Parent Common Stock (rounded to the nearest whole share) the value of which, based on the Average Price, is equal to the amount by which the sum of Company Note Balance and Adjusted Current Liabilities, reduced by the Company’s cash and cash equivalents on hand as of the Closing Date and Accounts Receivable as of the Closing Date, exceeds $1,500,000.

• At least fifteen (15) business days prior to the Closing, the Seller Representative shall deliver to the Purchaser a schedule setting forth the Seller Representative’s best estimate of the sum of Net Working Capital plus Recent CapX, pro forma as of the Closing Date (the “Estimated Closing Statement”), prepared in accordance with the definitions of Adjusted Current Assets and Adjusted Current Liabilities and Recent CapX.

• Further, 49 U.S.C. § 31102(e) provides:‌ The Secretary shall prescribe regulations specifying tolerance guidelines and standards for ensuring compatibility of intrastate commercial motor vehicle safety laws, including regulations, with [f]ederal motor carrier safety regulations to [*16] be enforced under subsections (b) and (c).

More Definitions of Adjusted Current Liabilities

Adjusted Current Liabilities means, as of immediately prior to the Closing, the current liabilities of the Company and its Subsidiaries, as computed in accordance with GAAP consistent with the Company Balance Sheet, with the following adjustments: include long-term debt, any unpaid Acquisition Expenses, and any unpaid China Purchase Expenses.

Adjusted Current Liabilities means, with respect to the Company and its Consolidated Subsidiaries as of any date of determination (i) the Current Liabilities of the Company and its Consolidated Subsidiaries, minus (ii) Non-Cash Deferred Tax Liabilities of the Company and its Consolidated Subsidiaries, minus (iii) the Current Maturities of Long Term Indebtedness, plus (iv) to the extent not included in clause (i) above, all liabilities of the Company and its Consolidated Subsidiaries under the Liquidity Facility that are appropriately recorded as liabilities under GAAP.

Adjusted Current Liabilities has the meaning set forth for such term in the definition of “Consolidated Net Tangible Assets”.

Adjusted Current Liabilities means the amount of current liabilities of the Consolidated Companies as set forth on the Closing Date Balance Sheet less the current portion of Interest-Bearing Debt (if any) as set forth on the Closing Date Balance Sheet; and

Adjusted Current Liabilities means the sum of (i) Accounts payable and accrued expenses and (ii) Income tax payable, each calculated in accordance with GAAP on a basis consistent with the Financial Statements.

Adjusted Current Liabilities all current liabilities of Holdings and the Holdings Subsidiaries determined on a consolidated basis in accordance with GAAP, all outstanding Indebtedness under the Senior Note Indenture and all outstanding Obligations.

Adjusted Current Liabilities means all “accounts payable, trade and accrued liabilities (excluding accrued audit fees and accrued letter of credit fees)” of the Companies, each determined in a manner consistent with the September 30, 2009, balance sheets of the Companies and in accordance with GAAP, consistently applied, as set forth on Schedule 1.01(a).