Customer Deposit Liabilities definition

Customer Deposit Liabilities means collectively, the escrow deposits, down payments or ▇▇▇▇▇▇▇ money deposited by purchasers pursuant to Housing Purchase Contracts.
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Customer Deposit Liabilities means at any date of determination, the aggregate of all current and long term liabilities of the Borrower and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) in respect of customer deposits less, without duplication, any prepayment to suppliers for direct expenses attributable to vacation services in respect of which the Borrower or any Subsidiary has received customer deposits, as reflected on the consolidated balance sheet of the Borrower and its Subsidiaries.
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Customer Deposit Liabilities mean all liabilities or obligations of any kind, including requests for refunds from or claims against the Company, with respect to any customer deposits or security fees collected by the Company prior to the Closing.
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Examples of Customer Deposit Liabilities in a sentence

  • The businesses of the Consolidated Group set forth on Schedule 1.2. Customer Deposit Liabilities.

  • All cash of the Consolidated Group allocated for expenditure or Distribution or held as Customer Deposit Liabilities or otherwise characterized as a deposit (less that portion of Customer Deposit Liabilities used for construction costs).

  • At any time, the sum of all Indebtedness of the members of the Consolidated Group, including, without limitation or duplication, the Outstanding Loans, the Letters of Credit Exposure, Construction Loans, Senior Notes, Senior Subordinated Notes and any purchase money loans, plus CDD Obligations plus Customer Deposit Liabilities as shown on the Borrower's financial statements in accordance with generally accepted accounting principles, less Restricted Cash related to such Customer Deposit Liabilities.

  • The parties shall in good faith attempt to resolve any dispute and, if the parties so resolve all disputes, the Closing Balance Sheet and the Closing Working Capital Statement (and the computation of Closing Working Capital and Net Customer Deposit Liabilities indicated thereon), as amended to the extent necessary to reflect the resolution of the dispute, shall be conclusive and binding on the parties.


More Definitions of Customer Deposit Liabilities

Customer Deposit Liabilities is defined in Section 1.3(c).
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