Accounts Payable Value definition
Accounts Payable Value an amount equal to the value of all outstanding accounts payable of the Business as of the Measurement Time as set forth on the Closing Statement (subject to adjustment in accordance with Section 2.5), as determined in accordance with the Agreed Principles.
Accounts Payable Value has the meaning set forth in Section 3.2(a).
Accounts Payable Value shall have the meaning given that term in Section 2.6(a).
Examples of Accounts Payable Value in a sentence
On the Closing Date, the Sellers shall prepare and deliver a statement of Purchased Assets Assumed Liabilities as of the close of business on the Closing Date, reflecting, among other things, the Inventory Value, the Accounts Receivable Value, the Bank Value, and the Accounts Payable Value (the "CLOSING BALANCE SHEET").