Assumed Current Liabilities definition

Assumed Current Liabilities has the meaning set forth in Section 3.1(a).

Assumed Current Liabilities means the Accounts Payable, Hired Employee Costs and Other Current Liabilities.

Assumed Current Liabilities means all Assumed Liabilities that are Current Liabilities.

Examples of Assumed Current Liabilities in a sentence

• The Closing Statement shall set forth (A) Seller's good faith estimate of the Assumed Capital Lease Liabilities, Acquired Current Assets and Assumed Current Liabilities, including all line items of each, in each case as of the Closing Date, and (B) Holdco's good faith estimate of the CSR Charges as of the Closing Date.

• The liabilities described in Sections 2.2(a) and 2.2(b) shall hereinafter be referred to as the "Assumed Current Liabilities".

• Upon delivery of such report, Assumed Current Liabilities shall be deemed to have been "finally determined" as set forth in such report.

• Recommended Standard for Schedule 3: Strong and consistent epidemiological evidence supporting a multi-causal association with the disease, one cause being occupation.

• For the avoidance of doubt, Seller shall not retain and Buyer is assuming and will pay the Assumed Current Liabilities.

More Definitions of Assumed Current Liabilities

Assumed Current Liabilities means the current liabilities of Seller as of the Effective Date directly related to the Business each of which was incurred in the ordinary course of business.

Assumed Current Liabilities means, without duplication, (a) accounts payable (other than contra-accounts related to uncleared disbursements recorded as accounts payable) under any Assumed Contract, (b) the Sellers PBGC Amount, if any, (c) the Assumed Accounts Receivable Rebate Liabilities, and (d) all other current Assumed Liabilities of the Asset Sellers, excluding any Buyer Environmental Liability, in each case, existing as of the Closing and as determined in accordance with the Net Working Capital Guidelines; provided that, in determining Assumed Current Liabilities hereunder, (i) all Intercompany accounts payable and current and deferred income Taxes, (ii) all Cure Amounts, (iii) all Transfer Taxes allocated to Buyers pursuant to Section 6(h), (iv) the Assumed Sales Rebate Liabilities, and (v) the Assumed Vacation Liabilities shall be disregarded. For the avoidance of doubt, all Assumed Sales Rebate Liabilities (and the components thereof) will be calculated in accordance with the Net Working Capital Guidelines.

Assumed Current Liabilities see Section 2.2.

Assumed Current Liabilities means all liabilities related to vacation and sick leave and any other paid-time-off for the Transferred Employees, Assumed Coupon Liabilities and liabilities in respect of accrued commissions and freight, in each case, as of the Closing and determined in a manner consistent with the determination of such accruals in the Financial Statements.

Assumed Current Liabilities means all Liabilities corresponding in name, character and calculation method with all of the line items listed under "Current Liabilities" in the Reference Balance Sheet (as they are updated in the Provisional Final Balance Sheet and the Final Balance Sheet) other than (i) "VAT" and "Accrued Wages," under "Other Account Payables" and (ii) "Withholdings," "Accrued Expenses Payable," "Accrued Income Taxes" and "Current Portion of Long-term Debts."

Assumed Current Liabilities means the Current Liabilities of the Seller Entities.

Assumed Current Liabilities has the meaning set forth in Section 1.3.1 of this Agreement.