Financial Statements Current Liabilities definition

Financial Statements Current Liabilities means the “current liabilities” of the Companies, as defined by GAAP (excluding all Tax liabilities properly accrued for any period prior to March 14, 2013, and excluding all Non-Ordinary Course Intercompany Payables); provided, however, that to the extent a payment has been made to the Indentures Trustee on behalf of the Companies in respect of the Notes, such payment shall reduce the liability of the Companies that would otherwise be included in “current liabilities” with respect to such Indebtedness even if such payment has not yet been applied by the Indentures Trustee to reduce the Indebtedness outstanding under the Notes. Attached as Exhibit C hereto is a statement of what the Financial Statements Current Liabilities would have been if the Closing Date had been March 31, 2013.
Sample 1Sample 2
Financial Statements Current Liabilities means, in respect of any Working Capital Company, the “current liabilities” of such Working Capital Company, as defined by GAAP (excluding all Non-Ordinary Course Intercompany Payables of such Working Capital Company).
Sample 1Sample 2
Financial Statements Current Liabilities means the combined “current liabilities” of Express US Holdings LP and Express Holdings (Canada) LP, as defined by Canadian ASPE (excluding all Tax liabilities and Non-Ordinary Course Intercompany Payables). Attached as Exhibit D hereto is a statement of what the Financial Statements Current Liabilities would have been if the Closing Date had been September 30, 2012.
Sample 1

Examples of Financial Statements Current Liabilities in a sentence

  • For purposes of calculating the Purchase Price and the working capital ratio based on information reflected in the Closing Date Financial Statements, Current Liabilities shall mean the sum of (i) 100% of the Dividends Liability and (ii) 110% of all Current Liabilities other than the Dividends Liability, as shown under Caption 7 on Schedule 2.1(d).


More Definitions of Financial Statements Current Liabilities

Financial Statements Current Liabilities means, in respect of the Contributed Entities, the aggregate “current liabilities” of the Contributed Entities, as defined by GAAP, but excluding any current liabilities that constitute Third Party Indebtedness.
Sample 1

Related to Financial Statements Current Liabilities

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Holdings and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Balance Sheets has the meaning set forth in Section 4.5(a).

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Consolidated Financial Statements means, with respect to any Person, collectively, the consolidated financial statements and notes to those financial statements, of that Person and its Consolidated Subsidiaries prepared in accordance with GAAP.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Financial Statement Date means December 31, 1999.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Financial Statements has the meaning set forth in Section 3.06.

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 2.4(a)(iii) of the Agreement.

  • Interim Balance Sheet has the meaning set forth in Section 3.06.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Financial Statement has the meaning set forth in Section 4(g) below.