Total Current Liabilities definition

Total Current Liabilities means total current Indebtedness determined in accordance with GAAP.

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Total Current Liabilities means, as at any date of determination, the sum, for Borrower and its Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), of all current liabilities that should, in accordance with GAAP, be classified as current liabilities on the consolidated balance sheet of Borrower and its Subsidiaries as at such date.

Total Current Liabilities as reflected on the Closing Balance Sheet will include: (w) accounts payable; (x) accrued taxes, payroll and benefits; (y) other “Current Liabilities”; and (z) the current portion (due within twelve months) of any Debt. Each of the foregoing terms will be determined in accordance with GAAP, as consistently applied, to the extent described above except as otherwise provided in this Section 2.3(b). “Debt” means all funded indebtedness, determined without duplication, and includes notes; capitalized leases; bank term and revolving credit loans; obligations related to drawn letters of credit; bonds evidencing funded indebtedness; debentures; borrowings from lending institutions other than banks; subordinated loans and subordinated debt securities with or without stated maturity; bank bills; bank overdrafts; obligations with respect to the factoring or discounting of accounts receivable and other instruments; any dividends payable to the holders of Company Shares; and accrued interest and expense and penalties on any of the foregoing (including prepayment penalties). For the avoidance of doubt, a sample calculation of Net Working Capital is attached hereto as Schedule 2.3(c).

Examples of Total Current Liabilities in a sentence

• Current Ratio is defined as Borrower’s Total Current Assets divided by Borrower’s Total Current Liabilities.

• Except as otherwise provided in this Agreement, Target shall not take any action after the date hereof, and has not taken any action, that could reasonably be expected to change the Total Current Assets or the Total Current Liabilities during the period from the Adjustment Time to the Effective Time.

• For purposes of the foregoing, "Working Capital" shall mean the difference between Total Current Assets and Total Current Liabilities, each computed in a manner consistent with the LDI Plan.

• The term "Working Capital" shall mean Total Current Assets minus Total Current Liabilities (in each case as defined below).

• Total Current Liabilities" shall mean, for any person at any date, the total consolidated current liabilities of such person and its Subsidiaries at such date, other than any ACL Excluded Liabilities or Vectura Excluded Liabilities, as applicable, excluding the Current Portion of Long-Term Debt, determined in accordance with the Accounting Principles.

More Definitions of Total Current Liabilities

Total Current Liabilities means, for any Person, all liabilities that, in accordance with GAAP, would be classified as current liabilities on the balance sheet of a company conducting a business the same as or similar to that of such Person.

Total Current Liabilities shall have the meaning set forth in Schedule 1.01(h) attached hereto.

Total Current Liabilities means the amount equal to the sum of Final Current Liabilities in this Agreement and Final Current Liabilities calculated pursuant to the PMSI Agreement; "Current Asset Allocation Amount" shall mean the amount equal to the product of (A) the quotient of Final Current Assets in this Agreement divided by Total Combined Assets multiplied by (B) the Total Working Capital Deficit or Total Working Capital Surplus, as the case may be; and "Total Combined Assets" shall mean the sum of Final Current Assets under this Agreement and Final Current Assets calculated under the PMSI Agreement.

Total Current Liabilities means total current liabilities in accordance with GAAP.

Total Current Liabilities means the amount equal to the sum of Final Current Liabilities in this Agreement and Final Current Liabilities calculated pursuant to the Source Agreement; "Current Asset Allocation Amount" shall mean the amount equal to the product of (A) the quotient of Final Current Assets in this Agreement divided by Total Combined Assets multiplied by (B) the Total Working Capital Deficit or Total Working Capital Surplus, as the case may be; and "Total Combined Assets" shall mean the amount equal to the sum of Final Current Assets in this Agreement and Final Current Assets calculated pursuant to the Source Agreement

Total Current Liabilities means, for any person at any date, the total consolidated current liabilities of such person and its Subsidiaries at such date, other than any ACL Excluded Liabilities or Vectura Excluded Liabilities, as applicable, excluding the Current Portion of Long-Term Debt, determined in accordance with the Accounting Principles.

Total Current Liabilities means total current Indebtedness determined in accordance with GAAP (using the FIFO inventory valuation method).