Closing Accounts Payable definition

Closing Accounts Payable means all trade and other accounts payable of the Seller Entities incurred prior to the Closing to the extent relating to the Business, including accounts payable for purchases of inventory and property and equipment (in each case other than the RTP Fab Accounts Payable).

Closing Accounts Payable means the net trade accounts payable of the Business as of the Closing Date, as determined in accordance with the Working Capital Principles.

Closing Accounts Payable means the ending balance of the trade accounts payable account as of 12:01 a.m. on the Closing Date, pursuant to Section 3.3.1(a).

Examples of Closing Accounts Payable in a sentence

• If on the Off-Set Date, the amount of Closing Accounts Receivable collected by IDW is less than the Closing Accounts Payable Balance, Accrued Liabilities and the bad debts (the "Deficiencies"), then TFS shall pay IDW an amount equal to the Deficiencies within thirty (30) days from the Off-Set Date.

• Ninety (90) days from the Closing Date (the "Off-Set Date"), if the amounts of Closing Accounts Receivable collected by IDW exceed the Closing Accounts Payable Balance, Accrued Liabilities and any bad debts, then there shall be an increase to the Purchase Price equal to such excess (the "Off-Set Payment").

• The Closing Purchase Price will be adjusted, first, upward, by an amount equal to fifty percent (50%) of the Final Closing Project Costs and, then, less the pre-closing adjustment amount previously paid by Buyer pursuant to Section 3.2(c) plus one hundred percent (100%) of the Final Closing Accounts Receivable less one hundred percent (100%) of the Final Closing Accounts Payable (the “Adjustment Amount”).

• On the Closing Date, a schedule listing the accounts receivable by customer detail (the "Closing Accounts Receivable"), the accrued liabilities (the "Closing Accrued Liabilities") and the accounts payable balance (the "Closing Accounts Payable Balance") shall be delivered by TFS to IDW.

• Each Company hereby agrees, and Buyer hereby agrees to cause each Company, to use the proceeds from any and all Closing Accounts Receivable of such Company only to either satisfy the Closing Accounts Payable of such Company (including reimbursing Buyer for any Closing Accounts Payable that were previously paid by Buyer or through money advanced to such Company by Buyer for purposes of paying the Closing Accounts Payable) or to pay such amounts to Seller in accordance with this Section 2.4(a).

More Definitions of Closing Accounts Payable

Closing Accounts Payable means the Transferred Accounts Payable as of the Effective Time.

Closing Accounts Payable means any accounts payable of either Company as of the Closing, whether or not such amounts have been invoiced prior to the Closing, as determined in accordance with GAAP immediately prior to the consummation of the transactions contemplated by this Agreement.

Closing Accounts Payable means the Accounts Payable set forth on Schedule 1.01(B).

Closing Accounts Payable means the net trade accounts payable of the Business as of the Closing Date, as determined in accordance with the Working Capital

Closing Accounts Payable means those sums due to third parties by the Seller at the Effective Time incurred by the Seller in the ordinary course of the Diagnostics Business in the period from close of business on 30 September 2003 of this Agreement to the Effective Time;

Closing Accounts Payable means the Accounts Payable outstanding as at the close of business on the Closing Date (other than inter-Company Accounts Payable), including any Accounts Payable (other than inter-Company Accounts Payable) for which invoices are received after the Closing Date and which relate to goods purchased or services received prior to the close of business on the Closing Date;

Closing Accounts Payable equals the amount of accounts payable of the Company at the Effective Time, determined in accordance with the Accounting Principles, and excluding all Retained Liabilities.