Assumed Payables definition

Assumed Payables means the Liabilities set forth in Exhibit C.

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Assumed Payables. As defined in Section 2.5(a) hereof.

Assumed Payables shall have the meaning set forth in Section 6.6.

Examples of Assumed Payables in a sentence

The Buyer shall collect the Accounts Receivable and shall pay the Assumed Payables in the Ordinary Course of Business for one hundred eighty (180) days after the Closing.
If the Accounts Receivable collected by the Buyer are less than the Assumed Payables paid by the Buyer during such one hundred eighty (180) day period, the Seller shall send a check payable to the Buyer for the amount of such deficiency within ten (10) days after receiving the final monthly accounting from the Buyer.
The Borrower has no material liabilities or other material obligations that arose or accrued prior to the Closing Date (other than (i) the obligations under the Loan Documents, (ii) Master Intercompany Purchase Note, (iii) the Assumed Payables (as defined in the Purchase Agreement) and (iv) statutory and other non-voluntary liabilities that would not reasonably be expected to have a Material Adverse Effect).
On the tenth (10th) day of each month, the Buyer shall provide the Seller with an accounting of the Accounts Receivable collected by the Buyer and the Assumed Payables paid by the Buyer during the preceding calendar month.
If the Accounts Receivable collected by the Buyer exceeds the Assumed Payables paid by the Buyer during such one hundred eighty (180) day period, the Buyer shall include a check payable to the Seller for the amount of such excess with the final monthly accounting due one hundred ninety (190) days after the Closing.

More Definitions of Assumed Payables

Assumed Payables means only unpaid Allowed Administrative Claims owed to third parties, including payroll, to the extent incurred by the Sellers in the ordinary course of business (and not in violation of this Agreement) or with the prior written consent of the Purchaser, from the Petition Date through Closing, and specifically excluding all Excluded Liabilities.

Assumed Payables means such accounts payable and such accrued expenses as are included in subsections (a) and (b) of the definition of Assumed Liabilities.

Assumed Payables shall have the meaning set forth in Section 1.2(a)(iii) of this Agreement.

Assumed Payables means the following Accounts Payable, Purchase Order Accruals and Repair Order Accruals of the Company which arise on or prior to, and remain unpaid as of, the Closing Date:

Assumed Payables means the trade accounts payable of Seller for the purchase of parts, supplies and other materials ordered in the ordinary course of the Business prior to the Closing Date that remain outstanding as of the Closing Date, and which parts, supplies and other materials are not received until after the Closing Date.

Assumed Payables means those payables owed by Transferor with respect to the Transferred Assets as generally set forth in Schedule 1.01.

Assumed Payables has the meaning specified in Section 2.02(a)(i).