Pre-Closing Payables definition

Pre-Closing Payables means any third party payables with respect to the Business that become payable before the Effective Time.

Pre-Closing Payables has the meaning set forth in Section 1.4(e).

Pre-Closing Payables means all payables incurred or accrued by Salvage Disposal or Xxxx in the ordinary course of business on or prior to the Closing Date, including without limitation operating expenses, utility charges and rents, to the extent such payables are of a nature typically recorded as accounts payable on a balance sheet prepared in accordance with GAAP.

Examples of Pre-Closing Payables in a sentence

• Seller covenants and agrees to pay the Pre-Closing Debt, the Pre-Closing Checks, the Assumed Accrued Liabilities and the Pre-Closing Payables in accordance with their terms and consistent with the Company’s past practice.

• On the forty-fifth (45th) day after the Closing Date (the “Payables Determination Date”), Purchaser shall deliver to the Shareholders’ Representative a statement setting forth (a) all Pre-Closing Payables, (b) copies of invoices for all such Pre-Closing Payables, and (c) the aggregate dollar amount of such Pre-Closing Payables (the “Pre-Closing Payables Amount”).

• We find that the newly chosen data from CRSP is a near perfect match.

• All charges against any Company for electricity, telephone, gas and water utility charges that constitute Pre-Closing Payables shall be pro-rated as of the opening of business on the Closing Date between the Shareholders and Purchaser (based upon the number of days in applicable pre-Closing and post-Closing periods).

• All charges against Salvage Disposal or Xxxx for electricity, telephone, gas and water utility charges that constitute Pre-Closing Payables shall be pro-rated as of the opening of business on the Closing Date between the Shareholders and Purchaser (based upon the number of days in applicable pre-Closing and post-Closing periods).

• At the Closing, the Seller shall provide the Buyer with a true and complete listing of all of the known outstanding trade payables and accrued expenses of the Xxxxxx Parties relating to the Business and incurred in the Ordinary Course of Business (the "Pre-Closing Payables"), identifying the amount of Pre-Closing Payables as of a date not more than ten (10) days prior to the Closing Date.

More Definitions of Pre-Closing Payables

Pre-Closing Payables means any payable relating to the Operations originating from the period until (but not including) the Closing Date, which will be due before or after the Closing Date.

Pre-Closing Payables shall have the meaning provided in Section 4.4(b).

Pre-Closing Payables means the Accounts Payable of Seller as of the Adjustment Time other than Tradeout Payables;

Pre-Closing Payables has the meaning set forth in Section 7.9.

Pre-Closing Payables is defined in Section 1.8.

Pre-Closing Payables means all amounts owed by any member of the Seller’s Group in relation to the Business in respect of trading creditors at Closing;