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.
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).
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.
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 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.