Current Liabilities

Current Liabilities. Shall mean for any applicable Persons and as of any applicable date of determination, (i) all liabilities that should be classified as current in accordance with GAAP, including without limitation any portion of the principal of the Note classified as current, plus (ii) to the extent not otherwise included, all liabilities of such Persons to any of its Affiliates whether or not classified as current in accordance with GAAP.

Current Liabilities. Means the sum of Seller's accounts payable, accrued expenses, and other current liabilities in connection with the Business or arising from the ownership or operation of the Purchased Assets (including all amounts owed under financing arrangements, whether classified as current or long-term), all as of the Closing Time, in each case determined in accordance with generally accepted accounting principles consistently applied in accordance with Seller's past practices; provided, however, that... Current Liabilities shall not include the following: (i) any inter- or intra-company liabilities, (ii) pre-Petition Date tax liabilities, (iii) pre-Petition Date Claims listed on Schedule E to this Agreement, (iv) any payroll or benefit liabilities arising out of the operation of the Business prior to the Closing Time, 12 (v) any sales or use tax liabilities arising out of the operation of the Business prior to the Closing Time, and (vi) any loans or other financing provided to Seller pursuant to that certain Post-Petition Financing Agreement with The CIT/Business Credit, Inc., dated June 29, 2003. View More

Current Liabilities. Are the aggregate amount of Borrowers' Total Liabilities which mature within one (1) year (other than the Indebtedness in favor of Bank), plus Indebtedness in favor of Bank, less deferred revenues.

Current Liabilities. Means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current liabilities on the consolidated balance sheet of Borrower and its subsidiaries, as at such date, plus, to the extent not already included therein, all outstanding Advances made under this Agreement and other Obligations hereunder, including all Indebtedness that is payable upon demand or within one year from the date of determination thereof unless such Indebtedness is renewable or... extendable at the option of Borrower or any subsidiary to a date more than one year from the date of determination, but excluding any subordinated debt. View More

Current Liabilities. Means the total of current obligations of the indicated person as deternined in accordance with GAAP, excluding therefrom current maturities of the Loan.

Current Liabilities. Shall mean payment obligations resulting from past or current transactions that require settlement within the ongoing twelve month period, as determined in accordance with GAAP.

Current Liabilities. Shall mean, at any date as of which the amount thereof shall be determined, all amounts that should, in accordance with generally accepted accounting principles, be included as current liabilities on the balance sheet of Consignee as at such date, plus, to the extent not already included herein all Indebtedness that is payable upon demand o= within one (1) ,7EAR from the date of determination thereof unless such indebtedness is renewable or extendible at the option of Consignee to a date more... than one (1) year from the date of determination. View More

Current Liabilities. Are the aggregate amount of Seller's Total Liabilities which mature within one (1) year.

Current Liabilities. Are the aggregate amount of Borrower's Total Liabilities which mature within one (1) year, which shall include, without limitation, all obligations and liabilities of Borrower to Bank.

Current Liabilities. The value of all current liabilities of the relevant Foreign Subsidiary or of the Company and the Remaining Subsidiaries, as applicable, reflected on a Closing Balance Sheet, including, without duplication, the outstanding aggregate amount of Indebtedness, but excluding to the extent relevant (i) payables relating to the KKPC dispute, (ii) intercompany payables, (iii) deferred tax liabilities and (iv) income tax payables.