Assumed Accounts Payable definition

Assumed Accounts Payable has the meaning set forth in Section 1.03(a).

Assumed Accounts Payable shall have the meaning set forth in Section 2.3(a)(iii).

Assumed Accounts Payable means any accounts payable owed by Seller and that are outstanding as of the Closing that are for Expansion Costs or Operating Costs that in each case have been approved (or have been deemed approved) in accordance with S ection 4.1(b), (c), or (d).

Examples of Assumed Accounts Payable in a sentence

• The accounts payable for which Purchaser is entitled to a credit against the Purchase Price at Closing are hereinafter referred to as the “Assumed Accounts Payable.” In consideration of the credit against the Purchase Price, Purchaser agrees to pay all Assumed Accounts Payable as and when due and further agrees to indemnify, defend and hold Seller harmless from and against any cost or liability resulting from nonpayment or late payment of any of such Assumed Accounts Payable.

• Following the Closing Date, Buyer shall pay, as they come due, all amounts owing under the Assumed Accounts Payable.

• Following the Closing, the Sellers shall promptly remit to Buyer any and all proceeds received by the Seller after the Closing that are attributable to the Purchased Accounts Receivable or sales of the Purchased Inventory by Buyer, or which are otherwise for the account of Buyer; provided, however, that the Sellers shall have the right to set-off the amount of any payments made in payment of Assumed Accounts Payable against amounts due to Buyer pursuant to this Section 8.2.

• Recipient shall have appropriate written agreements with any such employees or contractors sufficient to comply with the provisions of this Agreement.

• We may not be able to continue some preventive services if funding continues to decrease.

More Definitions of Assumed Accounts Payable

Assumed Accounts Payable shall have the meaning provided in Section 1.4(a).

Assumed Accounts Payable has the meaning set forth in Section 1.3(b) of this Agreement.

Assumed Accounts Payable means all Liabilities for accrued expenses and accounts payable of the Business with respect to those suppliers and vendors set forth on a list made available to Purchaser; provided, that such list may be updated pursuant to the mutual written agreement of Purchaser and the Sellers prior to the Closing Date.

Assumed Accounts Payable has the meaning ascribed to it in Section 2.4.

Assumed Accounts Payable. As defined in Section 1.1(d)(ii).

Assumed Accounts Payable means all accounts payable of the Selling Entities arising on or after the Petition Date. “Assumed Liabilities” has the meaning set forth in Section 2.03. “Assumed Welfare Claims” has the meaning set forth in Section 2.03. “Auction” has the meaning set forth in the Bidding Procedures. “Audited Financial Statements” has the meaning set forth in Section 5.04. “Available Insurance Policy” has the meaning set forth in Section 8.07(b). “Avoidance Actions” has the meaning set forth in Section 2.01(b)(xviii). “Balance Sheet Date” has the meaning set forth in Section 5.04. “Bankruptcy Cases” has the meaning set forth in the recitals. “Bankruptcy Code” has the meaning set forth in the recitals. “Bankruptcy Court” has the meaning set forth in the recitals. “Bankruptcy Court Milestones” has the meaning set forth in Section 7.10. “Bankruptcy Rules” has the meaning set forth in the recitals.

Assumed Accounts Payable means the outstanding trade accounts payable of Corcoran for goods and services that remain unpaid and are not delinquent as of the Closing Date, but only to the extent such trade accounts payable are related to the Legacy College or the Owned Real Property.