Liquidated Liabilities definition

Liquidated Liabilities has the meaning set forth in Section 2(h) below.
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Liquidated Liabilities means all obligations of Seller required to be recorded as a liability on Seller’s balance sheet from time to time, such determination to be made in accordance with GAAP.
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Examples of Liquidated Liabilities in a sentence

  • If the value of the Liquidated Assets is less than the value of the Liquidated Liabilities, the Company shall pay to NTI the amount of the deficiency within thirty (30) days following delivery of the Liquidation Certificate.

  • If the value of the Liquidated Assets exceeds the value of the Liquidated Liabilities by more than US$25,000, NTI shall pay to the Company the amount in excess of US$25,000 within thirty (30) days following delivery of the Liquidation Certificate.

  • If the value of the Liquidated Assets is equal to the value of the Liquidated Liabilities or the value of the Liquidated Assets does not exceed the value of the Liquidated Liabilities by more than US$25,000, there will be no adjustment to the purchase price and the Parties will have no further liability with regards to this Section 2(h).