Outstanding Checks definition

Outstanding Checks shall have the meaning set forth in Section 2.04(c)(ii).

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Outstanding Checks means all obligations of the Sellers in the form of outstanding checks or other withdrawals against each Checking Account as of 12:01 a.m. the Closing Date.

Outstanding Checks shall have the meaning ascribed thereto in Section 7.8.

Examples of Outstanding Checks in a sentence

• Anticipated Returns; Handling Fees; Outstanding Checks; Return Freight Costs; Non-Core Distribution Fees; Removal of Pricing Labels; Required Invoice Copies for Returns ($50.00 per billing period).

• No later than one business day prior to the Closing Date, Seller shall supply Buyer with its written, best estimate (the "Estimated Overdraft") of the checks and drafts in respect of the Tissue Business that will have been written on the Disbursement Account but not presented for payment as of the close of business on the day immediately preceding the Closing Date (the "Outstanding Checks").

• If there is an inconsistency between Seller Accounting Principles and the definitions of Adjusted Aggregate Net Indebtedness, Adjusted Net Working Capital, Seller Outstanding Checks, and Adjustment Liabilities the terms set forth in such definitions shall control.

• Outstanding Checks; Reimbursement of Payments by Seller 32 Section 7.06.

• From and after the Closing, Buyer shall not write any checks drawn on the Disbursement Account, and Seller shall be responsible to fund the Disbursement Account in amounts sufficient to pay all Outstanding Checks.

More Definitions of Outstanding Checks

Outstanding Checks shall have the meaning ascribed to that term in SECTION 1.5.

Outstanding Checks shall have the meaning assigned to such term in Section 2.2(d) hereof.

Outstanding Checks shall have the meaning set forth in Section 2.4 of this Agreement.

Outstanding Checks the amount of all checks written by the Company or its Subsidiaries but not cashed prior to Closing (including, without limitation, in respect of accounts payable and customer refunds).

Outstanding Checks means the outstanding checks issued by the Seller that are unpresented and unpaid as of the Closing.

Outstanding Checks means all checks, electronic payments or debits of any kind issued or authorized by the U.S. Sellers, Pipeline Seal U.K. or the Seller Foreign Subsidiaries prior to the Effective Time, but not yet debited from their respective bank accounts as of the Effective Time.

Outstanding Checks shall have the meaning set forth in Section 1.01(d)(vi) hereof.