Assumed Trade Payables definition

Assumed Trade Payables shall have the meaning given such term in Section 1.4(c) hereof.

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Assumed Trade Payables means any trade payables of Sellers arising on or after the Petition Date and incurred in the ordinary course of business through the Closing and unpaid as of the Closing Date.

Assumed Trade Payables has the meaning set forth in the recitals of this Agreement.

Examples of Assumed Trade Payables in a sentence

• The Buyer shall have received a schedule of the Assumed Trade Payables.

• No later than thirty (30) days after the Closing Date, the Buyer and the Seller agree to reconcile the actual contents of each of the schedules for Acquired Inventory, Accounts Receivable and Assumed Trade Payables on the Closing Date against the respective schedule to this Agreement and if this reconciliation indicates that one party owes money to the other party, each party covenants and agrees to promptly pay any such money it owes to the other party.

• The Buyer acknowledges that Seller has provided Buyer with statements of Seller’s Acquired Inventory, Accounts Receivable and Assumed Trade Payables calculated as of November 9, 2006.

• Buyer will pay all Assumed Trade Payables within sixty (60) days after the Closing Date; provided, however, that payment of a particular Assumed Trade Payable may be delayed for a commercially reasonable period in the event of a bona fide dispute with the vendor of a particular Assumed Trade Payable if the Buyer acts in good faith to resolve such bona fide dispute.

• In order to facilitate the Closing occurring on the Closing Date, the parties acknowledge that the contents of each of the schedules for Acquired Inventory, Accounts Receivable and Assumed Trade Payables reflects the contents of the items in that particular schedule as of a few days prior to the Closing Date.

• OpCo will assume the obligations under the Assumed Trade Payables pursuant to Assumed Trade Payables Assumptions and GPM will have executed an ongoing guaranty in favor of the creditors of the Assumed Trade Payables.

• The Partnership will use the net proceeds from the sale of Class A Preferred Units under this Agreement, together with borrowings under the Credit Agreement, to (a) purchase U.S. Treasury or other investment grade securities, which will be assigned as collateral to secure the PNC Term Debt; (b) repay the Assumed Trade Payables; and (c) pay certain transaction costs relating to the execution of the Transaction Documents and the consummation of the transactions contemplated thereby.

• The Cash Payment, the Weatherford Shares, the Third Party Debt, the Assumed Trade Payables, the Assumed Liabilities and the Assumed Entitlements are herein collectively referred to as the "Purchase Price".

• If after the Closing any portion of the Assumed Trade Payables is satisfied from DTI's bank accounts as a result of any checks written by any Seller against DTI's bank accounts, then Purchasers will promptly reimburse DTI in cash for the amount of such portion of the Assumed Trade Payables so satisfied.

• Seller shall deliver to Buyer a schedule of all of the Assumed Trade Payables, including all service, interest or other charges thereon as of the Date of Closing.

More Definitions of Assumed Trade Payables

Assumed Trade Payables shall have the meaning set forth in Section 2.1(f) hereof;

Assumed Trade Payables means the sum of (i) all trade accounts payable, and (ii) the customers’ rebates accrual, in each case properly attributable to Bowater Mersey.

Assumed Trade Payables has the meaning specified in Section 2.3(b).

Assumed Trade Payables means the trade payables included in the Closing Date Operating Current Liabilities.

Assumed Trade Payables has the meaning given to such term in the Contribution Agreement.

Assumed Trade Payables means all trade payables of the Business, whether or not included on the Closing Net Asset Statement, which arise prior to the Closing Date.