Specified Current Liabilities definition

Specified Current Liabilities has the meaning specified in Exhibit B.

Specified Current Liabilities means, without duplication, (i) all accounts payable to the extent related to the Transferred Business, (ii) all accrued liabilities to the extent related to the Transferred Business and (iii) all Cash Adjustment Items (it being understood that the Specified Current Liabilities shall not include any amounts attributable to Hxxxxx).

Specified Current Liabilities means Accounts Payable and items that constitute Indebtedness and which have been accrued for on the Estimated Net Working Capital Statement and which are not otherwise reflected in the Closing Indebtedness.

Examples of Specified Current Liabilities in a sentence

• If BRTI disagrees with the computation of the Specified Current Liabilities or the Recently Acquired Assets Amount reflected on the Draft Computation, BRTI may, within thirty (30) days after receipt of the Draft Computation, deliver a notice (an "Objection Notice") to the Purchaser setting forth BRTI's calculation of the amount of the Specified Current Liabilities and/or the Recently Acquired Assets Amount as of the close of business on the day before the Closing Date.

• If Parent fails to deliver a Dispute Notice to Purchaser during the Dispute Period, Purchaser’s calculation of the Specified Current Assets and the Specified Current Liabilities shall be deemed to be final and correct and shall be binding upon all parties.

• The Firm's determination will be based on the definition of the Specified Current Liabilities and the Recently Acquired Assets Amount included herein.

• The classification depends on the purpose for which the investments were acquired and where allowed and appropriate, re-evaluates this designation at every balance sheet date.A financial asset is classified as financial assets at fair value through profit or loss if acquired principally for the purpose of selling in the short term or if so designated by the Group, which these financial assets are managed according to internal policies and the performance is evaluated periodically on a fair value basis.

• For purposes of this Agreement, (A) “Net Working Capital” shall mean an amount equal to Specified Current Assets minus the Specified Current Liabilities calculated in accordance with GAAP consistently applied; (B) “Estimated Adjustment” means the amount, if any, by which the Estimated Net Working Capital is more or less than the Net Working Capital Target, and (C) “Net Working Capital Target” shall mean $-25,000.

More Definitions of Specified Current Liabilities

Specified Current Liabilities has the meaning set forth on Exhibit B attached hereto.

Specified Current Liabilities means the current liabilities of the Company and the Company Subsidiaries of the types set forth in Exhibit G as of the Effective Time, which Exhibit includes the Specified Current Liabilities as of June 6, 2021 for illustrative purposes only.

Specified Current Liabilities means the liabilities of the Company and its Subsidiaries identified on Exhibit B as Specified Current Liabilities.

Specified Current Liabilities means the difference of “current liabilities” less “payables to associated companies” of CNAC and its Subsidiaries as of the Closing Date, in each case, without duplication, determined in accordance with GAAP consistently applied in accordance with past practices, where each of “current liabilities” and “payables to associated companies” definitionally corresponds to such line items on the consolidating statement of financial position of CNAC as of September 30, 2015 provided by Parent to Purchaser prior to November 18, 2015.

Specified Current Liabilities means the Company’s and the Subsidiaries’ (a) accounts payable; and (b) accrued expenses and other current liabilities (which, for the avoidance of doubt, shall include all income and other Taxes payable), in each case, determined in accordance with the Agreed

Specified Current Liabilities has the meaning set forth on Exhibit A attached hereto; provided, that in no event shall Specified Current Liabilities include Indebtedness or Transaction Costs or the Unpaid Dividend Amount.

Specified Current Liabilities means accrued expenses and other liabilities of the Business (other than those relating to Taxes) included in the calculation of the “Accr. expenses, excl. bonus accr., client pay. & other tax pay.”, “Payable to clients” and “Bonus plan accrual” line items on the Reference Statement. For purposes of Section 2.9 and Section 2.10 and the computation of the Net Accounts Receivable, the “Specified Current Liabilities” shall be calculated in accordance with the Agreed Accounting Principles and otherwise in the manner in which the “Accr. expenses, excl. bonus accr., client pay. & other tax pay.”, “Payable to clients” and “Bonus plan accrual” line items on the Reference Statement were calculated.