Assumed Purchase Orders means the outstanding customer purchase orders for vehicles ordered but not delivered prior to the Closing Date that are set forth on Schedule 5.01(b) and are on terms and conditions consistent with industry practices and the historical operations of the Dealership Companies.
Assumed Purchase Orders shall have the meaning ascribed to it in Section 1.1(b).
Assumed Purchase Orders has the meaning set forth in Section 2.1(f);
Examples of Assumed Purchase Orders in a sentence
The Buyer agrees to assume at the Closing the following (collectively, the “Assumed Liabilities”): (a) those obligations and liabilities incurred on and after the Effective Time under the Assumed Contracts, which are set forth on Schedule 5.0l(a); and (b) those obligations accruing and incurred after the Effective Time with respect to the Work-in-Process, Due Bills and Assumed Purchase Orders set forth on Schedule 5.0l(b).
As of fifteen (15) Business Days prior to Closing, Schedule 5.01(b) sets forth an accurate list of all Work-in-Process, Due Bills and Assumed Purchase Orders.
More Definitions of Assumed Purchase Orders
Assumed Purchase Orders means all purchase orders of Seller outstanding as of the Closing date, except those set forth in Exhibit H.
Assumed Purchase Orders means orders for Inventory that are in process on the day of Closing that have been placed in the ordinary course of each Location by Seller.
Assumed Purchase Orders means the purchase orders identified on Schedule B and any other purchase orders added, with Buyer’s written consent, to such Schedule prior to one (1) Business Day before the Closing Date; provided, however, to the extent that any such purchase order has been fulfilled prior to the Closing (i.e., product has been delivered and become part of any Seller’s Inventory at, or any time prior to, Closing), then the purchase order shall not be an “Assumed Purchase Order” (even if it is still included on Schedule B) and all Liabilities with respect thereto shall be Excluded Liabilities.
Assumed Purchase Orders means the open purchase orders assigned to Buyer pursuant to Sections 2.1.1.13, 2.1.2.13 and 2.1.3.9.
Assumed Purchase Orders has the meaning given to such term in Section 2.1(g).
Assumed Purchase Orders means the open inventory purchase orders related to the Business as of 11:59 p.m., New York City time on the Closing Date to be listed on the updated Schedule 2 to be delivered pursuant to Section 2(g)(i), below.
Assumed Purchase Orders means the outstanding customer purchase orders for vehicles ordered but not delivered prior to the Closing Date that are set forth on Schedule 5.0l(b) and are on terms and conditions consistent with the historical operations of the Seller.