Seller Payables definition

Seller Payables means all accounts payable of Sellers which were incurred or accrued in connection with the operation of the CLP Managed Properties, to the extent they relate to the period preceding the Closing Date.

Seller Payables has the meaning set forth in Section 9.20, below.

Seller Payables means (i) the obligation of the Seller to repurchase, pursuant to Section 3.05 hereof, any Receivable which was not an Eligible Receivable on the date such Receivable was sold by the Seller to the Company, (ii) the Seller's obligation to make Interest Deficiency Payments pursuant to Section 5.07 hereof, and (iii) all other amounts owed by the Seller to the Company from time to time pursuant to this Agreement.

Examples of Seller Payables in a sentence

• Sellers of the CLP Managed Properties shall pay or cause to be paid all Seller Payables, including bills and invoices for labor, goods, materials, services, utility charges, employee salary and benefits and all other charges for goods or services furnished to the Properties prior to the Closing Date.

• Notwithstanding anything to the contrary recited herein, in no event shall Sellers delay the payment of any of Seller Payables that would interfere with or disrupt the operation of the Properties.

• Notwithstanding the foregoing, Sellers will pay in full all outstanding Seller Payables as of the Closing Date to the Critical Vendors within five Business Days after the Closing Date.

• Within 60 days of the Closing Date, Seller shall have paid in full all of its outstanding accounts payable as of the Closing Date, other than amounts which are the subject of a bona fide dispute (the "Seller Payables").

• Exhibit F describes all Seller Payables to the best of Seller’s knowledge as of the Closing Date.

More Definitions of Seller Payables

Seller Payables shall have the meaning set forth in Section 6.11(f) hereof

Seller Payables means all payables of any nature arising out of the Business, including accounts and notes payable.

Seller Payables has the meaning set forth in Section 2.3(d).

Seller Payables means (i) the obligation of the Seller to repurchase, pursuant to Section 3.05 hereof, any Receivable which was not an Eligible Receivable on the date such Receivable was sold by the Seller to the Company, (ii) the Seller's obligation to make Interest Deficiency Payments pursuant to Section 5.07 hereof, and (iii) all other amounts owed by the Seller to the Company from time to time pursuant to this Agreement. "Senior Indebtedness" shall have the meaning specified in Section 7.07 hereof. "Servicing Fee" shall have the meaning specified in Section 7.06 hereof. "Settlement Date" shall mean, with respect to each Settlement Period, the fifteenth Business Day following the last day of such Settlement Period. "Settlement Period" shall mean the period of time commencing on the first day in a calendar month to and including the last day in such calendar month, PROVIDED that the initial Settlement Period shall commence on October 1, 1990 and end on October 31, 1990. "Settlement Statement" shall have the meaning provided in Section 5.04 hereof. "Subsidiary" of any Person means any corporation, of which more than 50% of the total voting power of voting securities shall at the time be owned or controlled, either directly or indirectly, by such Person or one or more other Subsidiaries of such Person. "Support Agreements" shall mean letter agreements in the form attached hereto as Annex H executed by certain officers of the Parent. "SWAP" shall mean an interest rate exchange agreement (i) entered into by the Company at the request of the Seller as provided in Section 5.09 hereof and (ii) satisfying all of the terms and conditions of Section 10.15 of the Liquidity Agreement. "SWAP Advance" shall have the meaning specified in Section 5.10 hereof. "SWAP Counterparty" shall have the meaning specified in Section 10.15 of the Liquidity Agreement. "SWAP Deficit" shall have the meaning specified in Section 5.10 hereof.

Seller Payables means any and all accounts payable, notes and other amounts payable to creditors, customers and any other Persons arising from the conduct of the Business by Seller before the Closing as shown in Section 3.4 to the Disclosure Schedule, but excluding any Assumed Liabilities. [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Seller Payables means all of Seller's accounts payable, other than amounts which are the subject of a bona fide dispute.

Seller Payables has the meaning set forth in Section 2.03 below.“Seller Representatives” has the meaning set forth in Section 5.02.