Deferred Revenue Liabilities definition
Examples of Deferred Revenue Liabilities in a sentence
No later than three Business Days prior to the anticipated Closing Date, the Seller Parties shall deliver to the Attractions Purchaser an updated version of this schedule, which shall provide the Seller Parties’ best estimates of the Deferred Revenue Liabilities as of the Closing Date.
The Attractions Purchaser Closing Cash Consideration shall be decreased by the aggregate amount of all Deferred Revenue Liabilities.
The Purchase Price Allocation shall be prepared in a manner that is in accordance with the treatment of Deferred Revenue Liabilities set forth in Section 8.3(c)(iv).
As at the end of any fiscal quarter of the Borrower through and including the fiscal quarter ended April 30, 1999, permit the ratio of (a) Consolidated Quick Assets to (b) the sum of (i) Consolidated Current Liabilities (excluding any Deferred Revenue Liabilities) plus (ii) the aggregate principal amount of outstanding Revolving Loans to be less than 1.20 to 1.00.
For purposes of this subsection, "Deferred Revenue Liabilities" shall mean amounts prepaid to Internet Now by it's Customers for Internet services, such service which have not yet been delivered to said Customers at the time of Closing.
As at the end of any fiscal quarter of the Borrower, permit the ratio of (a) Consolidated Quick Assets to (b) the sum of (i) Consolidated Current Liabilities (excluding any Deferred Revenue Liabilities) plus (ii) the aggregate principal amount of outstanding Revolving Loans to be less than 2.00 to 1.00.