Common use of Accrued Expenses Clause in Contracts

Accrued Expenses. The aggregate of all expenses of the Business that relate to any period prior to 12:00 midnight on the day prior to the Closing Date in respect of which Sellers have not made payment or, subject to payment thereof on or before the due date thereof, an account payable has arisen or an accrual made on Sellers' books of account prior to the Closing Date for which Sellers will not remain responsible after the Closing Date, which amounts have been identified and set forth by Sellers on Schedule 2.05(a)(ii) hereto;