Deferred Payables definition

Deferred Payables means those payables of the Company owed to the vendors as shown on Exhibit A and in an amount equal to the value of such payables on the Company's balance sheet as of the Closing Date less "Discounts" achieved as of the Closing Date. Discounts shall be computed in a manner consistent with the Discounts column of Exhibit A.
View Source

Examples of Deferred Payables in a sentence

  • In the event that the "Discounts" to the Deferred Payables are less than $339,574, the Aggregate Consideration shall be reduced on a dollar-for-dollar basis in an amount equal to such difference.

  • Deferred Payables means the repayment of the Order Value which shall be made by you to Moby Money in accordance with ▇▇▇▇▇▇▇’s instalment feature.

  • Moby Money’s liability under this Agreement no matter how arising, and whether in contract, tort (including but not limited to negligence), or otherwise, shall not exceed the total contract value and/or Deferred Payables as provided herein.

  • In the event that the "Discounts" to the Deferred Payables exceed $339,574, the Aggregate Consideration shall be increased at the rate of $0.50 for each $1.00 (up to $100,000 in the aggregate) that the "Discounts" to the Deferred Payables exceed $339,574 (up to $539,574).

  • Neither Buyer nor any of its Affiliates shall have any right of contribution against Parent or Seller if any third party makes any claim against Buyer or any of its Affiliates to the extent such claim relates to the payment by the Company of the Deferred Payables (it being understood and agreed that this sentence shall not affect or otherwise limit the representations, warranties, covenants and agreements of Parent and Seller contained in the Purchase Agreement).