Assumed Payables definition

Assumed Payables shall have the meaning set forth in Section 6.6.

Assumed Payables. As defined in Section 2.5(a) hereof.

Assumed Payables means such accounts payable and such accrued expenses as are included in subsections (a) and (b) of the definition of Assumed Liabilities.

Examples of Assumed Payables in a sentence

• With effect from the date hereof, CMS BVI shall assume the obligation to pay the Assumed Payables.

• The Assumed Payables means all liabilities and payables of the Company accrued to the Company in respect of business trading, regulatory or tax arising from transactions that occurs prior to the date hereof.

• The Purchaser shall reimburse the Concrete Truck Payable by adding the value thereof to the Note referenced in Section 2.2. For purposes hereof the Assumed Contracts and Assumed Payables shall be collectively referred to as the “Assumed Liabilities”.

• How these targets are set depends on the effort sharing approach that is taken.

• On Closing, the Parties agree to cause the Company to assign all that Assigned Receivables to the Seller in consideration of the Seller agreeing to assume the Assumed Payables from the Company and in further consideration of One US Dollar ($ 1.00) by executing by the Company with the Seller the Deed of Assignment of Receivables and Assumption of Liabilities in or substantially in the form set out in Schedule 1 (“Deed of Assignment and Assumption”).

More Definitions of Assumed Payables

Assumed Payables has the meaning set forth in Section 2.03(a).

Assumed Payables means the following Accounts Payable, Purchase Order Accruals and Repair Order Accruals of the Company which arise on or prior to, and remain unpaid as of, the Closing Date:

Assumed Payables shall have the meaning set forth in Section 1.2(a)(iii) of this Agreement.

Assumed Payables means the obligations and liabilities of Seller relating exclusively to the Business under purchase orders or other Contracts as of the Closing Date that are not past due more than 60 days beyond the payment terms due date (but, for clarification, not any obligations, costs or expenses of Seller relating to the transactions provided for in this Agreement) as well as Seller’s obligations and liabilities for ad valorem real and tangible personal property taxes that have accrued or are accruing but are not past due more than 60 days beyond payment terms due date (the aggregate amount the tax xxxx for such real estate taxes for 2003 was $32,411.84 and for personal property taxes for 2003 was $47,047).

Assumed Payables means only unpaid Allowed Administrative Claims owed to third parties, including payroll, to the extent incurred by the Sellers in the ordinary course of business (and not in violation of this Agreement) or with the prior written consent of the Purchaser, from the Petition Date through Closing, and specifically excluding all Excluded Liabilities.

Assumed Payables means those payables owed by Transferor with respect to the Transferred Assets as generally set forth in Schedule 1.01.

Assumed Payables means the payable accounts of Russxxx Xxxxx Xxxpany accrued as of the Closing Date in those current liability categories listed on SCHEDULE 9 hereto.