Assumed Payables definition

Assumed Payables. As defined in Section 2.5(a) hereof.

Assumed Payables shall have the meaning set forth in Section 6.6.

Assumed Payables means such accounts payable and such accrued expenses as are included in subsections (a) and (b) of the definition of Assumed Liabilities.

Examples of Assumed Payables in a sentence

• Buyer agrees to pay and discharge in the ordinary course all such Assumed Payables and, upon request, provide evidence of such payment to Seller.

• If the Accounts Receivable collected by the Buyer exceeds the Assumed Payables paid by the Buyer during such one hundred eighty (180) day period, the Buyer shall include a check payable to the Seller for the amount of such excess with the final monthly accounting due one hundred ninety (190) days after the Closing.

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More Definitions of Assumed Payables

Assumed Payables has the meaning specified in Section 2.02(a)(i).

Assumed Payables means the following Accounts Payable, Purchase Order Accruals and Repair Order Accruals of the Company which arise on or prior to, and remain unpaid as of, the Closing Date:

Assumed Payables shall have the meaning set forth in Section 1.2(a)(iii) of this Agreement.

Assumed Payables means only unpaid Allowed Administrative Claims owed to third parties, including payroll, to the extent incurred by the Sellers in the ordinary course of business (and not in violation of this Agreement) or with the prior written consent of the Purchaser, from the Petition Date through Closing, and specifically excluding all Excluded Liabilities.

Assumed Payables means the obligations and liabilities of Seller relating exclusively to the Business under purchase orders or other Contracts as of the Closing Date that are not past due more than 60 days beyond the payment terms due date (but, for clarification, not any obligations, costs or expenses of Seller relating to the transactions provided for in this Agreement) as well as Seller's obligations and liabilities for ad valorem real and tangible personal property taxes that have accrued or are accruing but are not past due more than 60 days beyond payment terms due date (the aggregate amount the tax bxxx for such real estate taxes for 2003 was $32,411.84 and for personal property taxes for 2003 was $47,047).

Assumed Payables means those payables owed by Transferor with respect to the Transferred Assets as generally set forth in Schedule 1.01.

Assumed Payables means those liabilities of the Purchased Business listed in Schedule 2.07(b).