PERMITTED LIABILITIES

PERMITTED LIABILITIES. Are those liabilities that are (i) accounts payable that are thirty (30) days or less past due; plus (ii) the indebtedness of MDC to the FCC with respect to the BTA Rights; plus (iii) utilities that first become due after Closing, even if attributable to a pre-Closing period, and personal property tax liability for the calendar years ending after December 1999; plus (iv) the amount of the small business bidding credit given to MDC in connection with the BTAs, in the event that MDC no longer is... eligible for the credit after Closing; plus (v) customer deposits; plus (vi) obligations of MDC or the Partnership to be performed on or after the Closing Date; under the contracts and leases listed on Schedule 6(f) to this Agreement; under a real estate loan from Norwest Bank of New Mexico secured by a mortgage on certain property in Las Cruces (referenced on Schedule 6(p) to this Agreement); under three vehicle loans form First Security Bank secured by a lien on three vehicles (referenced on Schedule 6(p) to this Agreement); under contracts and leases entered into after the Execution Date in the ordinary course of business, consistent with past practice; and under contracts and leases entered into in the ordinary course of business that do not adversely effect the value of MDC or its Stock in a material respect. View More