Adjusted Current Liabilities definition

Adjusted Current Liabilities shall have the meaning set forth in Section 2.8(b).

Adjusted Current Liabilities means, as of any given time, the Financial Statements Current Liabilities as determined in accordance with the Agreed Valuation Principles.

Adjusted Current Liabilities means the sum of (i) Accounts payable and accrued expenses and (ii) Income tax payable, each calculated in accordance with GAAP on a basis consistent with the Financial Statements.

Examples of Adjusted Current Liabilities in a sentence

• The Company's Debt shall mean all of the Company's liabilities, contingent or otherwise, except Adjusted Current Liabilities, in accordance with GAAP.

• The Net Book Value of the Company's Acquired Assets and Liabilities shall mean the tangible assets of the Company, less Adjusted Current Liabilities, calculated pursuant to GAAP.

• Any fees of Escrow Agent not already previously identified as Adjusted Current Liabilities relating to establishment of, transactions for, or termination of the Stockholder Representative Escrow Fund shall be payable by Stockholder Representative from the Stockholder Representative Escrow Fund.

• At no time shall the ratio of: (i) the sum of all cash, cash equivalents and accounts receivable of Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP, to (ii) Adjusted Current Liabilities, be less than 1.0:1.

• The ratio of the Companies' consolidated Adjusted Current Assets to the Companies' consolidated Adjusted Current Liabilities shall at all times exceed 1.25 to 1.00.

More Definitions of Adjusted Current Liabilities

Adjusted Current Liabilities means, at any time, ‘current liabilities’ as defined by GAAP at such time, minus all Indebtedness owed to the Senior Subordinated Creditor at such time, if and only if such Indebtedness is classified at such time as a current liability in accordance with GAAP.

Adjusted Current Liabilities means, with respect to the Company and its Consolidated Subsidiaries as of any date of determination (i) the Current Liabilities of the Company and its Consolidated Subsidiaries, minus (ii) Non-Cash Deferred Tax Liabilities of the Company and its Consolidated Subsidiaries, minus (iii) the Current Maturities of Long Term Indebtedness, plus (iv) to the extent not included in clause (i) above, all liabilities of the Company and its Consolidated Subsidiaries under the Liquidity Facility that are appropriately recorded as liabilities under GAAP.

Adjusted Current Liabilities means, as of immediately prior to the Closing, the current liabilities of the Company and its Subsidiaries, as computed in accordance with GAAP consistent with the Company Balance Sheet, with the following adjustments: include long-term debt, any unpaid Acquisition Expenses, and any unpaid China Purchase Expenses.

Adjusted Current Liabilities means the amount of current liabilities of the Consolidated Companies as set forth on the Closing Date Balance Sheet less the current portion of Interest-Bearing Debt (if any) as set forth on the Closing Date Balance Sheet; and

Adjusted Current Liabilities all current liabilities of Holdings and the Holdings Subsidiaries determined on a consolidated basis in accordance with GAAP, all outstanding Indebtedness under the Senior Note Indenture and all outstanding Obligations.

Adjusted Current Liabilities means, as at any date of determination, the current liabilities of Holdings and its subsidiaries at such date as determined in accordance with GAAP consistently applied, including (without limitation) the current portion of all Adjusted Debt of Holdings and its subsidiaries at such date.

Adjusted Current Liabilities means, as of any date of determination, (i) current liabilities (as determined in accordance with generally accepted accounting principles consistently applied) less (ii)