Accrued Expense definition

Accrued Expense means an expense which has been incurred but for which no payment has been made.
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Examples of Accrued Expense in a sentence

  • Notwithstanding Seller's normal practices and procedures, to the extent that expenses have been incurred but not paid by Seller on or prior to the Closing Date, they shall appear as an Accrued Expense on the Preliminary Closing Statement or, if not incurred by the Preliminary Closing Statement Date, on the Final Closing Statement.

  • Notwithstanding Seller's normal practices and procedures, to the extent that expenses have been incurred but not paid by Seller on or prior to the Effective Time, they shall appear as an "Accrued Expense" on the Preliminary Balance Sheet or, if not incurred by the Preliminary Balance Sheet Date, on the Final Balance Sheet.

  • Any remaining amounts on deposit in the Series 1998-2 Non-Principal Collection Sub-subaccount (in excess of the Accrued Expense Amount as of such day) not allocated pursuant to clauses (i) through (v) above shall be paid to the owner of the Series 1998-2 Subordinated Interest; PROVIDED, HOWEVER, that during the Series 1998-2 Amortization Period, such remaining amounts shall be deposited in the Series 1998-2 Principal Collection Sub-subaccount for distribution in accordance with subsection 3A.6(c).

  • In the event Employees elect to have their accrued vacation carried over to Buyer, the amount equal to the net cash value of each such Employee's accrued vacation before payroll deductions will be treated as an Accrued Expense on the Final Closing Statement.

  • Subject to the terms and conditions of this Agreement, Lender has agreed to extend credit to Borrower up to in the aggregate amount of the Technology Modification Expenses, the Overhead Advances and the Accrued Expense Advances, as provided in the Notes and subject to the terms and conditions of this Agreement.

  • As collateral for the payment and performance by Borrower of all of the obligations of Borrower contained in this Agreement and the Notes, Borrower shall grant and convey to Lender a lien and security interest in the Collateral, provided, however, that Borrower and Lender agree that the Overhead Note shall not be secured and that the grant of a security interest by Borrower hereunder and in the Security Agreement shall secure only the Technology Modifications Note and the Accrued Expense Note.

  • If the Deferred Revenue Amount exceeds the Accrued Expense Amount, the Seller shall deliver a check to the Buyer in the amount of such excess together with the schedule.

  • Any remaining amounts on deposit in the Series 1999-A Non-Principal Collection Sub-subaccount (in excess of the Accrued Expense Amount as of such day) not allocated pursuant to clauses (i) and (ii) above shall be paid to the holder of the Series 1999-A Subordinated Interest; provided, however, that during the Series 1999-A Amortization Period, such remaining amounts shall be deposited in the Series 1999-A Principal Collection Sub-subaccount for distribution in accordance with subsection 3A.06(c).

  • Any remaining amounts on deposit in the Series 2000-2 Non-Principal Collection Sub-subaccount (in excess of the Accrued Expense Amount as of such day) not allocated pursuant to clauses (i) through (v) above shall be paid to the owner of the Series 2000-2 Subordinated Interest; PROVIDED, HOWEVER, that during the Series 2000-2 Amortization Period, such remaining amounts shall be deposited in the Series 2000-2 Principal Collection Sub-subaccount for distribution in accordance with subsection 3A.6(c).

  • Purchaser shall credit each Employee who accepts employment with the Purchaser for all accrued vacation, sick or personal leave days for which the Seller has accrued an Accrued Expense as of the Closing Date and shall be responsible for the payment of any amounts accrued as an Accrued Expense for vacation, sick or personal leave for Employees who do not accept employment with the Purchaser.

Related to Accrued Expense

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Covered Expense means expense incurred only for the following:

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.