Assumed Payables means the Liabilities set forth in Exhibit C.
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 Sellers shall have delivered to the Purchaser, not later than 5 days prior to Closing, evidence reasonably satisfactory to the Purchaser that the Assumed Payables were incurred in compliance with this Agreement, which evidence may include, but shall not be limited to, an open accounts payable ledger, together with an analysis of open purchase orders, certified as to its accuracy by the Sellers’ Chief Financial Officer.
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 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 shall have the meaning set forth in Section 1.2(a)(iii) of this Agreement.
Assumed Payables has the meaning specified in Section 2.02(a)(i).
Assumed Payables means a certain amount of those payables owed by Transferor with respect to the Transferred Assets, as set forth in Schedule 1.01.
Assumed Payables means the obligations and liabilities of Seller relating exclusively to the Business under purchase orders or other Contracts as of the Closing Date that are not past due more than 60 days beyond the payment terms due date (but, for clarification, not any obligations, costs or expenses of Seller relating to the transactions provided for in this Agreement) as well as Seller’s obligations and liabilities for ad valorem real and tangible personal property taxes that have accrued or are accruing but are not past due more than 60 days beyond payment terms due date (the aggregate amount the tax xxxx for such real estate taxes for 2003 was $32,411.84 and for personal property taxes for 2003 was $47,047).