Business Accounts Payable definition

Business Accounts Payable means, as of a specified time, the amount of all liabilities of Sellers and their respective Affiliates for any trade, account, note or loan payables, whether accrued or unaccrued, and arising exclusively out of goods or services purchased by, or delivered or provided to, the Business on or before the Closing Date, determined in accordance with Exhibit C.
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Business Accounts Payable means all liabilities for any trade, account, note or loan payables relating to the Business, whether accrued or unaccrued, and arising out of goods or services purchased by, delivered to or provided to the Business at or before the Closing and outstanding as of the Closing, including in any event payables related to construction in progress and purchases and repairs of equipment and other fixed assets.
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Business Accounts Payable means, without duplication, all Intercompany Payables and all liabilities of the Cytec Parties of the types set forth in the Balance Sheet Data under the line items: "Acrylonitrile Payable", "Vouchered Invoice Accrual", "Unvouchered Invoice Accrual", "Unvouchered Inventory Accrual", "Accrued Freight Payable", "Cytec Services Payable", "Construction Retainage", "Accrued Utilities", "Accrued Property Taxes" and "Accrued Sales & Use Tax", "Accrued Wages, Holiday & Vacation", and "Customer Claims/Sales Allowances", but only if and to the extent such liabilities relate primarily to or arise primarily out of the operation of the Business and, in the case of such liabilities incurred after September 30, 1996, only if and to the extent such liabilities were incurred in the ordinary course of business.
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Examples of Business Accounts Payable in a sentence

  • Those accounts payable of Seller and its Subsidiaries, outstanding as of the Closing Date, arising from Seller's and any of its Subsidiaries' operation of the Business ("Accounts Payable").

  • The Supplier shall, following supply of all or (where agreed by BT in writing) each instalment of Supplies, send a valid VAT invoice to BT [insert relevant name of BT Line of Business] Accounts Payable, PO Box 000, Xxxxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxx X00 0XX, Xxxxxx Xxxxxxx (or such address as BT may specify from time to time) for the price of Supplies delivered in accordance with this Contract.

  • In addition to the 12 measured plus 8 not measured (calculated) elements surpassing 10 % excess in 1999, 2 new elements (Ag and Cu) might be added to the list in the period 2000-2045.

  • Adjusted Working Capital shall be comprised of cash, Accounts Receivable, prepaid expenses, deposits, fixed asset purchases, accruals, customer deposits, deferred revenues, the debt of the Company to Buckhead Bank ("Bank Debt") and trade accounts payable (including employee expense reimbursement) incurred in the Ordinary Course of Business ("Accounts Payable") of the Company in the amounts and values set forth below in this Section 2.1(e)(i), but as adjusted as hereinafter provided in Section 2.1(e).

  • For purposes of calculating the Estimated Net Current Asset Amount and the Final Net Current Asset Amount (as defined below), (x) inventory ("Inventory") shall be valued as set forth in SCHEDULE 2.4(a) and (y) accounts payable shall consist only of current accounts payable incurred in the ordinary course of the DZ Business ("Accounts Payable").

  • Accounts Payable Pays The Business Accounts Payable will then pay the business in the manner specified on the invoice.

  • The Balance Sheet reflects the amount, as of the Balance Sheet Date and determined in conformity with GAAP and the past practices employed by Seller, of Seller's (i) accounts receivable, net of allowances for uncollectible and doubtful amounts, related to the Business ("Accounts Receivable") and (ii) current accounts payable and current accrued liabilities related to the Business ("Accounts Payable").


More Definitions of Business Accounts Payable

Business Accounts Payable means, without duplication, all Intercompany Payables and all liabilities of the Cytec Parties of the types set forth in the Balance Sheet
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Related to Business Accounts Payable

  • Trade Accounts Payable of any Person means trade accounts payable of such Person with a maturity of not greater than 90 days incurred in the ordinary course of such Person's business.

  • Accounts Payable means all trade and other accounts payable, including accrued expenses, owed by the Company.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Management Accounts Date means 30 September 2010;

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Eligible Accounts Receivable means, at any time, the invoice value of Canadian Dollar and U.S. Dollar Accounts Receivable (net of all goods and services Taxes, harmonized sales Taxes and other sales Taxes and net of any credit balance, returns, trade discounts, unapplied cash, unbilled amount or retention or finance charges) owing to the Restricted Parties (or any of them) arising under any sales of Inventory from the operation of the business of the Restricted Parties made by the Restricted Parties to any Person in the ordinary course of business, which invoice value shall be periodically reported to the Lender in the form of Schedule “B” to be delivered (i) at the time of each Drawdown during the Covenant Holiday Period, if at the time of such Drawdown there is no principal amount outstanding under any Prime Rate Loans, Base Rate Loans, CDOR Loans, and there are no outstanding Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender), and (ii) within fifteen days after the end of each calendar month during the Covenant Holiday Period, if during such month any Prime Rate Loans, Base Rate Loans, CDOR Loans, Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender) are outstanding; provided that no Account Receivable shall be deemed an Eligible Account Receivable unless each of the following statements is accurate and complete (and by including such Account Receivable in any calculation of the Borrowing Base, the Borrower shall be deemed to represent and warrant to the Lender the accuracy and completeness of such statements):

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(e)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions or any other non-retail division, (iii) linked to affinity relationships or programs set forth on Exhibit 1.1(e)(iii) (and such Exhibit 1.1(e)(iii) shall be updated by Seller as of 5:00 p.m., Eastern time, on the date that is five (5) Business Days prior to the Closing Date (and delivered to Purchaser on or before the date that is three (3) Business Days prior to the Closing Date), or (iv) that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Bank of America Corporation.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collection Accounts As defined in Section 3.10(a).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.