Current Accounts Payable definition

Current Accounts Payable shall have the meaning set forth in Section 3.4(A)(1).
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Current Accounts Payable means the trade accounts payable included within the Assumed Accounts Payable that are within 60 days of the invoice date as of the Closing, provided, in any event, that such amount shall be capped at $180,000; and
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Current Accounts Payable means the accounts payable of the Sellers that are current under the applicable vendor’s terms.
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Examples of Current Accounts Payable in a sentence

  • Incur, create, assume or permit to exist any indebtedness or liability on account of deposits or advances or any indebtedness or liability for borrowed money, or any other indebtedness or liability except indebtedness to the Lender, Current Accounts Payable and other Current Liabilities arising out of transactions, other than borrowings, in the ordinary course of business.

  • If the Parties do not agree to the closing balances of the Assumed Current Accounts Payable, Assumed Current Accounts Receivable, and the Inventory accounts, the disagreement shall be resolved in accordance with the provisions of Section 2.6 below.

  • Should disputes arise following Closing with regard to the amount of the Assumed Current Accounts Payable, Seller shall reimburse Buyer for disputes decided in favor of the account payee which result in additional payments from Buyer.

  • To the extent that the Assumed Current Accounts Payable exceed $35,000, then the Purchase Price shall be adjusted down and the amount of the cash payable to Seller at Closing shall be decreased.

  • To the extent that the Assumed Current Accounts Payable are less than $35,000, the Purchase Price shall be adjusted up and the amount of the cash payable to Seller at Closing shall be increased.

  • The exchange of the Note and the Current Accounts Payable for the INBC Shares will take place at a closing (the "Closing") to be held at the offices of INBC on December 31, 1997 at 10:00 a.m., Eastern Standard Time or on such other business day thereafter as may be agreed upon by INBC and IPI (the "Closing Date").

  • Incur, create, assume or permit to exist any indebtedness or liability on account of deposits or advances or any indebtedness or liability for borrowed money, or any other indebtedness or liability except indebtedness to the Bank, Current Accounts Payable and other Current Liabilities arising out of transactions, other than borrowings, in the ordinary course of business.

  • Buyer covenants that it will pay the Assumed Current Accounts Payable as they become due, subject to good ▇▇▇▇▇ ▇▇▇▇ fide disputes.

  • The Purchase Price and the amount of cash paid to Seller at Closing shall be adjusted up or down at the Closing based upon a change in the amount of Assumed Current Accounts Payable.

  • To Seller's Knowledge, the Assumed Current Accounts Payable amount included in this account are not in dispute.


More Definitions of Current Accounts Payable

Current Accounts Payable means accounts payable for goods and services which remain unpaid not more than 180 days after the date of invoice.
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Current Accounts Payable means all accounts payable of the Company and the Company Subsidiaries as of the Closing Date, determined in accordance with GAAP consistent with the past practice of the Company, for which the Company or a Company Subsidiary received an invoice for services rendered and which have not been paid prior to the Closing Date, other than any such payables to Seller or its Affiliates which are not set forth on Schedule 5.7.
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Related to Current Accounts Payable

  • Accounts Payable means all trade and other accounts payable, including accrued expenses, owed by the Company.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."