Current Assumed Liabilities definition
Current Assumed Liabilities means the current Assumed Liabilities of the Seller (consisting solely of the line item current Liabilities specified in the NWC Example), calculated using the methodologies set forth in the NWC Example.
Current Assumed Liabilities means those liabilities of the Seller relating to the Included Business as of the Reference Time that are included within those categories identified as such in the sample calculation of Net Working Capital on Exhibit A. For the avoidance of doubt, (i) any letters of credit (solely to the extent drawn but unpaid as of the Reference Time) shall be included within Current Assumed Liabilities and (ii) any tax distributions payable shall be excluded from Current Assumed Liabilities.