Closing Accounts Payable definition

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).

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.

Examples of Closing Accounts Payable in a sentence

• 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.

• If Seller fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Accounts Payable Amount and the Post-Closing Adjustment, as the case may be, reflected in the Final Closing Statement shall be deemed to have been accepted by Seller as of the last day of the Review Period.

• 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").

More Definitions of Closing Accounts Payable

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

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

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 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 shall have the meaning set forth in Section 7.12.

Closing Accounts Payable means Liabilities of Seller as of the Closing Date which shall be reflected in the Closing Financial Statements, calculated in accordance with GAAP.

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