Other Current Liabilities definition
Other Current Liabilities means accrued expenses and other current Liabilities (determined in accordance with GAAP) of Seller as of the Closing Date in relation to the Cable Modem Business that are included in the Assumed Liabilities and assumed by Holdco at the Closing. Other Current Liabilities shall include, without limitation, (a) all accrued and unpaid real property and personal property taxes (taking into account Section 8.15(b)), (b) accrued (in accordance in with GAAP) and unpaid expenses relating to the Acquired Assets for periods prior to the Closing Date and (c) any amounts due with respect to franchise fees. Notwithstanding the foregoing, Other Current Liabilities shall not include Assumed Capital Lease Liabilities, Assumed Real Estate Lease Liabilities, Assumed Operating Lease Liabilities, CSR Charges (as defined in Section 8.22 below), Accounts Payable, Hired Employee Costs, real property and personal property taxes and accrued and unpaid expenses relating to the Acquired Assets attributable to post-Closing periods (taking into account Section 8.15(b)), Transfer Taxes and any liability of Seller in respect of Taxes in accordance with Section 2.04(e) hereof.
Other Current Liabilities means the aggregate of (a) advances from customers, (b) unpaid services and materials for previously invoiced projects, (c) accrued distributor commissions and incentives, (d) freight accruals, and (e) other miscellaneous accrued fees and costs, consistent with past practices of the Business (but excluding (i) intercompany payables, (ii) lease accruals related to the Business’ facility located in ▇▇▇▇▇▇▇▇ Heights, Ohio and (iii) the liabilities, costs and expenses under the following benefit plans and arrangements: (A) Marconi USA Employees’ Retirement Plan, (B) RELTEC Corporation Retirement Plan, (C) Reliance Comm/Tec Corporation Supplemental Retirement Plan, effective August, 1995, (D) Reliance Comm/Tec Corporation Special Retirement Program for Elected Officers effective August, 1995, (E) the Retiree Medical Plan, (F) pension and other obligations described in paragraphs 1 and 2 of Schedule Mexico-1, (G) Pension Plan for the Salaried and Management Employees of Marconi Communications Canada Inc. and (H) Pension Plan for the Hourly Employees of Marconi Communications Canada Inc.).
Other Current Liabilities means the aggregate of (i) the accrual for the discount owing to Communications Test Design, Inc., a distributor to BellSouth Telecommunications, Inc., which accrual the Seller and the Purchaser agree shall equal 2.25% of outstanding accounts receivables owing to the Access Business from Communications Test Design, Inc. and (ii) the accruals for personal property taxes, sales and use taxes and franchise taxes.
Examples of Other Current Liabilities in a sentence
The sum of (a) Accounts Payable, (b) Deferred Revenue, and (c) Other Current Liabilities.
Other Current Liabilities primarily related to the business of the Company Veeco Malaysia Sdn.
The component elements of accounts payable and other current liabilities are as follows: Note 5: Accounts Payable and Other Current Liabilities March 31, 1998 1997 ------------------------------------------------------------------------------------------------------------------------------------ Payrolls, other compensation and related expenses .........................................
Withheld 181.45 FINE W/H 1,425.00 CURRENT MATURITIES- LTD 223,730.57 N/P- FOREMOST 3,586.94 PAYROLL TAXES PAYABLE 816.58 PROFIT SHARING PAYABLE 32,000.00 STATE WITHHOLDING 1,975.65 ----------- Total Other Current Liabilities 263,716.19 ----------- Total Current Liabilities 352,214.54 Long Term Liabilities N/P- F.C.B.- CONSOLIDATION 843,340.09 N/P-FCB-TRUCKS-3 DODGES 51,107.58 CURRENT MATURITIES- LTD-2 -223,730.57 NIP- CENTER CAP.
Potential Charges and Priority --------------------------------------------------------- Claims; Payment of Other Current Liabilities.
More Definitions of Other Current Liabilities
Other Current Liabilities means all other current liabilities of the Partnership and the Subsidiaries, including accrued expenses.
Other Current Liabilities refer to the sum of items of Other Current Liabilities in the balance sheet of the Target Company, excluding accounts payable (affiliates) and other payables (affiliates). Specifically, Other Current Liabilities refer to the accounting subjects marked attributable to Other Current Liabilities in column of “category” in the balance sheet of the Target Company as at March 31, 2015 attached in Attachment III.
Other Current Liabilities means, as of any date of determination, the total liabilities of Company which may be properly classified as current liabilities on a consolidated balance sheet of Company in accordance with GAAP.
Other Current Liabilities means all Liabilities that would be classified as current Liabilities other than Accounts Payable, Taxes, and including, without limitation, deferred revenue obligations and accrued payroll expenses, in each case determined in accordance with GAAP applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financial Statements, but which shall not include any Liabilities solely between or among NRM and the Companies.
Other Current Liabilities means (i) accrued but unpaid compensation, severance (including the employer-paid portion of withholding, unemployment, payroll, social security and other similar Taxes with respect thereto), vacation and paid time off (excluding defined benefit pension plans), and (ii) any customs duties payables, to the extent related to the Business.
Other Current Liabilities means liabilities of the character that would be reflected as "other current liabilities" on a balance sheet prepared on a basis consistent with the Accounting Principles.
Other Current Liabilities or "Long Term Liabilities" as reflected in each of these line items of the Company's balance sheet.