Common use of Current Liabilities Clause in Contracts

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with Accounting Terms, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 2 contracts

Samples: Credit Agreement (Avatar Holdings Inc), Credit Agreement (Avatar Holdings Inc)

AutoNDA by SimpleDocs

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with Accounting TermsGAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. E.

Appears in 2 contracts

Samples: Loan Agreement (Air Transportation Holding Co Inc), Loan Agreement (E Net Inc)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities of the Borrower and its Subsidiaries, on a consolidated basis, as determined in accordance with Accounting TermsGAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. E.

Appears in 1 contract

Samples: Loan Agreement (Peerless Manufacturing Co)

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities of the Borrower and its Subsidiaries, on a consolidated basis, as determined in accordance with Accounting TermsGAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made, plus, without duplication, the amount equal to the aggregate undrawn amount of all letters of credit issued for the account of Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Peerless Manufacturing Co)

AutoNDA by SimpleDocs

Current Liabilities. Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with Accounting TermsGAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.. 2

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Air South Airlines Inc)

Current Liabilities. Current Liabilities means means, with respect to the Corporate Guarantor and the Borrower on a consolidated basis, the aggregate amount of all current liabilities as determined in accordance with Accounting TermsGAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

Appears in 1 contract

Samples: Loan Agreement (Fountain Powerboat Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.