Deferred Liabilities definition
Examples of Deferred Liabilities in a sentence
Deferred Liabilities $ 5,444.66 Note payable to landlord $ 30,600.00 Note payable to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (including interest)* $ — Note payable to ▇▇▇▇ ▇▇▇▇▇▇▇ (including interest)* $ — Accrual for payroll and commissions payable on Comtrex sales placed through Avatech $ 15,000.00 Total: $ 683,392.45 * Comtrex Corp notes payable to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇ will not be assumed by Avatech, but new notes payable to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇ will be issued.
In addition, as of the Closing Date, and except for the Deferred Liabilities, there exist no written or oral agreements that would entitle any such employee or former employee to such benefit as a result of any transaction affecting any of the Target Subsidiaries that may occur after the Closing Date.
The Borrower and its Consolidated Subsidiaries will have as of the last day of each fiscal quarter of each fiscal year of the Borrower, commencing with the fiscal quarter ended April 30, 2000, a ratio of (1) Consolidated Total Liabilities less Consolidated Deferred Liabilities to (2) Consolidated Tangible Net Worth of not more than 1.00 to 1.
AUTOMOTIVE DISCONTINUED BEGINNING BALANCE 2002 2002 2002 ENDING BALANCE OPERATIONS ACCRUALS JANUARY 1, 2002 SPENDING SETTLEMENTS OTHER ACTIVITY DECEMBER 31, 2002 ----------------------- ----------------- -------- ----------- -------------- ----------------- Other Deferred Liabilities.............
The Deferred Liabilities do not, and will not as of the Closing, exceed the Deferred Liability Amount.
FIBS agrees to pay or to cause the Target Subsidiaries to pay all Deferred Liabilities to the employees or payees thereof at the respective times and in the respective amounts required by and in accordance with the Deferred Liability Documents and up to the Deferred Liability Amount.
Each of the Deferred Liabilities is, or will be as of the Closing Date, a valid and binding obligation of the respective Target Subsidiary and has been created, authorized and administered in accordance with Law.
The Borrower and its Consolidated Subsidiaries will have as of the last day of each fiscal quarter of each fiscal year of the Borrower a ratio of (1) Consolidated Current Assets less Consolidated Deferred Assets to (2) Consolidated Current Liabilities less Consolidated Deferred Liabilities of not less 2.0 to 1.
For purposes of Article IX, however, without duplication of any amounts included in the calculation of applicable Net Economic Benefit, Purchaser shall be deemed to have assumed the Deferred Liabilities on the Closing Date (with economic effect from the Closing Effective Time).
As of the Closing Date, the Deferred Liabilities will be in compliance with Code Section 409A.