Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies and materials, which accrue prior to 11:59:59 p.m. on the day before the Closing Date shall be Seller's responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 10.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services and materials, which accrue after 12:00:00 a.m. on the Closing Date shall be paid by Purchaser.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Brookdale Senior Living Inc.)
Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies and supplies, materials, etc. which accrue prior to 11:59:59 5:00 p.m. on the day before the Closing Date shall be Seller's the Sellers’ responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 10.5 9.6 below. All payables, including accounts payable for Inventory, supplies, payroll, services and services, materials, etc. which accrue after 12:00:00 a.m. on the Closing Date thereafter shall be paid by Purchaserthe Purchasers.
Appears in 2 contracts
Sources: Purchase Agreement, Purchase Agreement (Newcastle Investment Corp)
Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies and materials, which accrue prior to 11:59:59 p.m. on the day before the Closing Date shall be Seller's ’s responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 10.5 11.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services and materials, which accrue after 12:00:00 a.m. on the Closing Date shall be paid by Purchaser..
Appears in 1 contract
Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies and supplies, materials, etc. which accrue prior to 11:59:59 11:59 p.m. on the day before the each 45 Closing Date shall be Seller's responsibility through the such Closing Date and shall be subject to the reconciliation process described in Section 10.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services and services, materials, etc. which accrue after 12:00:00 a.m. 11:59 p.m. on the each Closing Date shall be paid by Purchaser.
Appears in 1 contract
Sources: Asset Purchase Agreement (Brookdale Senior Living Inc.)
Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies and materials, which accrue prior to 11:59:59 p.m. on the day before the Closing Date shall be Seller's ’s responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 10.5 11.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services and materials, which accrue after 12:00:00 a.m. on the Closing Date shall be paid by Purchaser..
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