Common use of Estimated Costs Clause in Contracts

Estimated Costs. All payables, including accounts payable for Inventory, utilities, payroll, services, supplies, materials, etc. which accrue prior to 5:00 p.m. on the Closing Date shall be the Sellers’ responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 9.6 below. All payables, including accounts payable for Inventory, supplies, payroll, services, materials, etc. which accrue thereafter shall be paid by the 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, supplies and materials, etc. which accrue prior to 5:00 11:59:59 p.m. on the day before the Closing Date shall be the Sellers’ Seller's responsibility through the Closing Date and shall be subject to the reconciliation process described in Section 9.6 10.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services, services and materials, etc. which accrue thereafter after 12:00:00 a.m. on the Closing Date shall be paid by the PurchasersPurchaser.

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, materials, etc. which accrue prior to 5:00 11:59 p.m. on the each 45 Closing Date shall be the Sellers’ Seller's responsibility through the such Closing Date and shall be subject to the reconciliation process described in Section 9.6 10.5 below. All payables, including accounts payable for Inventory, supplies, payroll, services, materials, etc. which accrue thereafter after 11:59 p.m. on each Closing Date shall be paid by the PurchasersPurchaser.

Appears in 1 contract

Sources: Asset Purchase Agreement (Brookdale Senior Living Inc.)