Accounts Payable and Accrued Liabilities. Schedule 1.4(a) and Schedule 1.4(b) sets forth a complete and correct list of the Accounts Payable and Accrued Liabilities. Each of the Accounts Payable and Accrued Liabilities are valid and have been incurred in connection with the operation of the Business in the ordinary course of business, consistent with Seller’s past custom and practice.
Accounts Payable and Accrued Liabilities. Per Santa Xxxx Water Company, LLC Balance Sheet Accounts Payable $ 291,401 Schedule 3.22(a) Accrued Taxes 6,245 Schedule 3.22(b) Customer Deposits 160,165 Schedule 3.22(c) Other Liabilities and Prepaids 805,386 Schedule 3.22(d) Total Current Liabilities $ 1,263,197 Line Extension Agreements $ 2,121,895 Schedule 3.11(a) Total Long Term Liabilities $ 2,121,895 Total Liabilities $ 3,385,092 Per Palo Verde Utilities Company, LLC Balance Sheet Accounts Payable $ 133,687 Schedule 3.22(e) Accrued Taxes — Customer Deposits — Other Liabilities and Prepaids 938,052 Schedule 3.22(f) Total Current Liabilities $ 1,071,739 Line Extension Agreements $ 1,295,032 Schedule 3.11(a) Total Long Term Liabilities $ 1,295,032 Total Liabilities $ 2,366,771
Accounts Payable and Accrued Liabilities. Payment for, and the ---------------------------------------- liability of, any and all accounts payable, and accrued and contingent liabilities, of Seller shall be the Seller's responsibility, excepting however those accounts payable generated by the Supplier Purchase Orders (hereafter defined) as set forth in Section 3.3(b) hereunder. On the Closing Date, Seller shall provide to Buyer a schedule of all accounts payable, and all accrued and contingent liabilities, of Seller which remain outstanding and for which Seller shall be liable pursuant to this Section 3.2.
Accounts Payable and Accrued Liabilities. 2001 2000 $ $ ------------------------------------------------ Trade accounts payable 257,295 314,311 Accrued liabilities 63,611 47,610 ------------------------------------------------ 320,906 361,921 ================================================
Accounts Payable and Accrued Liabilities. Schedule 4.6(b) of the Disclosure Schedule provides as of the date hereof an accurate and complete list of (i) each outstanding account payable; (ii) each Liability classified as an “Accrued Liability;” (iii) each account payable created, recorded or accrued since the Reference Balance Sheet Date (with all invoices and other payment obligations received and recorded since the Reference Balance Sheet Date having been accurately and properly recorded and accrued); and (iv) all other outstanding Liabilities of Seller and its Subsidiaries. For each outstanding account payable, Schedule 4.6(b) identifies the vendor or other party to whom Seller or its Subsidiaries has a payment obligation.
Accounts Payable and Accrued Liabilities. Seller shall pay all of its accounts payable, accrued liabilities and all other Excluded Liabilities (including without limitation all wages and salaries payable) arising out of the ownership or operation of the Acquired Assets or the Business prior to the Closing Date as they come due and payable, except those Accounts Payable and Accrued Liabilities which are not due or payable prior to the Closing Date and are assumed by Purchaser at Closing pursuant to Section 1.5 hereof. In the event Purchaser receives an invoice, bill or other demand for payment relating to any accounts payable, accrued liabilities or other liabilities in connection with the ownership or operation of the Acquired Assets or the Business prior to the Cxxxxng Date and phx-srv01\1468313v05 4 which is not included in the Closing Working Capital as shown in the Closing Working Capital Statement, such invoice, bill or demand for payment, as the case may be, shall be forwarded to Seller and/or Parent, each of whom agrees to promptly (but in no event later than 30 days after demand by Purchaser) make payment therefoxx.
Accounts Payable and Accrued Liabilities. 6 3.2.2 Violation of Representations, Etc ..........................6 3.2.3
Accounts Payable and Accrued Liabilities. Accounts payable and accrued liabilities of Sellers incurred in the ordinary course of the Business, including any liabilities or obligations to Hanover or any of its Affiliates.
Accounts Payable and Accrued Liabilities. All existing accounts payable and accrued liabilities of the Company (including those accounts payable and accrued liabilities reflected on the unaudited balance sheet included in the Most Recent Financial Statements that have not yet been paid and those accounts payable and accrued liabilities that have arisen since the Most Recent Fiscal Quarter End and have not yet been paid) represent valid obligations of the Company arising from bona fide transactions entered into in the ordinary course of business.
Accounts Payable and Accrued Liabilities. The Seller's accounts payable and accrued liabilities at the date of the latest Interim Financial Statement, were $550,355.28 respectively. Neither the Seller nor the Shareholders is aware of any event or condition with respect to a specific vendor or creditor that causes either of them to believe that the terms of payment to such vendor or creditor are likely to change in any material respect from the terms enjoyed by the Seller historically.
