Permitted Liabilities. AFE and the Subsidiaries have no liabilities other than (i) those reflected on the consolidated balance sheet of each respective entity, dated as of March 31, 2010 (collectively, the “Balance Sheets”) and (ii) liabilities incurred in the ordinary course of AFE’s and the Subsidiaries’ business related to the Real Property or Improvements from April 1, 2010 through the Effective Date, which ordinary course liabilities (A) shall not materially exceed the corresponding line items for such ordinary course liabilities set forth in the Balance Sheets except for accrued tax liabilities in an amount not to exceed $135,000.00 for the month of April, 2010 and (B) are subject to Purchaser’s consent rights otherwise contained in this Agreement (items (i) and (ii) of this Section 9.1.21 are referred to herein collectively as, the “Permitted Liabilities”), which Permitted Liabilities shall be paid prior to or at Closing except for (x) Permitted Liabilities prorated in accordance with the terms of this Agreement and (y) if Purchaser acquires the Membership Interests with the GE Bridge Loan, those Permitted Liabilities relating to the GE Loan.
Permitted Liabilities. The liabilities and obligations of each of the respective Subsidiaries with respect to the Business which are described in this Section 1.7 are referred to herein as the "Permitted Liabilities." The Permitted Liabilities shall consist of the following, and only the following, liabilities of the Subsidiaries with respect to the Business:
Permitted Liabilities. At the Closing, neither the Company nor any Subsidiary shall have any liabilities or obligations of any kind or nature, whether absolute, accrued, contingent or otherwise, other than the following liabilities and obligations, none of which shall be past due or otherwise in default:
Permitted Liabilities. At the Closing, MCT Holding will have no liabilities of any nature other than the Permitted Liabilities listed on Schedule 3.10(c).
Permitted Liabilities. Liabilities of the Parent, the Borrowers and the Brookstone Subsidiaries for (a) state franchise, income and unemployment tax liabilities, employee withholding, accrued liabilities for employee salaries, wages, and accrued vacation, personal property taxes, and sales and use taxes incurred in the ordinary course of business, (b) without limitation of clause (a) above, accounts payable and accrued liabilities (other than for inventory purchases), incurred in the ordinary course of business, in an aggregate amount not to exceed $25,000,000 at any time outstanding, (c) indebtedness of the Company, GE, GE Purchasing and Purchasing for inventory purchased in the ordinary course of business , (d) intercompany indebtedness and liabilities among the Parent, the Borrowers and the Brookstone Subsidiaries incurred in the ordinary course of business, and (e) liabilities of the Borrowers and the Brookstone Subsidiaries under leases for real property.
Permitted Liabilities. The Subsidiary have no liabilities other than (i) those reflected on the consolidated balance sheet of each respective entity, dated as of March 31, 2010 (collectively, the “Balance Sheets”) and (ii) liabilities incurred in the ordinary course of the Subsidiary’s business related to the Property from April 1, 2010 through the Effective Date, which ordinary course liabilities (A) shall not materially exceed the corresponding line items for such ordinary course liabilities set forth in the Balance Sheets and (B) are subject to Purchaser’s consent rights otherwise contained in this Agreement (items (i) and (ii) of this Section 9.1.19 are referred to herein collectively as, the “Permitted Liabilities”), which Permitted Liabilities shall be paid prior to or at Closing except for Permitted Liabilities prorated in accordance with the terms of this Agreement.
Permitted Liabilities. IVIP shall pay in full or cause to have settled all of the Permitted Liabilities by May 31, 2003.
Permitted Liabilities. TWT shall have no liabilities other than the Permitted Liabilities on its balance sheet as of the Closing Date.
Permitted Liabilities. Schedule 6.13
Permitted Liabilities. (a) The indebtedness under the Facility; (b) normal operating liabilities such as trade accounts payable, accrued expenses, taxes payable, lease obligations, customer deposits and estimated cost to complete; (c) reimbursement obligations under surety bonds; (d) monies owed pursuant to the terms of any Swap that is contracted by Borrower with respect to the Facility; and (e) liabilities associated with financings other than the Facility for the Borrower’s real estate business, including, without limitation,acquisition of land, Finished Lots or for-sale residential housing developments. Person. Any natural person, entity, corporation, limited liability partnership or company, unincorporated organization, trust, joint-stock company, joint venture, association, company, partnership or government, or any agency or political subdivision of any government.
