Vendor Contract Liabilities definition
Vendor Contract Liabilities means the total dollar amount of all termination, cancellation or de-conversion fees or costs related to the termination, cancelation or de-conversion of any Vendor Contracts.
Examples of Vendor Contract Liabilities in a sentence
If WBI is not reasonably able to determine the amount of any such Vendor Contract Liabilities prior to such date, but is reasonably able to determine the amount of any of such Vendor Contract Liabilities thereafter and on or before the Closing Date, such amount shall be included as WBI Transaction Expenses.
WBI or the Bank shall pay and expense or accrue prior to the end of the month immediately preceding the Closing all Vendor Contract Liabilities in connection with the Vendor Contracts listed by WBI on Schedule 1.1 to the extent that WBI is reasonably able to determine the amount of such Vendor Contract Liabilities prior to such date.