Current Liability definition

Current Liability. , means a liability that would in the ordinary course of events be payable within twelve months after the end of the financial year to which the accounts or group accounts concerned relate;
View Source
Current Liability means any debt incurred by a local government to provide the services associated with issuing building permits that, at the end of the current fiscal year, is determined by the local government to require payment within the next ensuing fiscal year.
View Source
Current Liability means current liability as defined in Section 307 of such Act.
View Source

Examples of Current Liability in a sentence

  • No Plan (other than a multiemployer plan) has an Unfunded Current Liability that would, individually or when taken together with any other liabilities referenced in this Section 8.11, be reasonably likely to have a Material Adverse Effect.

  • No Plan (other than a Multiemployer Plan) has an Unfunded Current Liability that would, individually or when taken together with any other liabilities referenced in this Section 8.11(a), be reasonably likely to have a Material Adverse Effect.

  • No Benefit Plan has an Unfunded Current Liability that would, individually or when taken together with any other liabilities referenced in this Section 8.11(a), be reasonably likely to have a Material Adverse Effect.

  • No Pension Plan has an Unfunded Current Liability that would, individually or when taken together with any other liabilities incurred or reasonably likely to be incurred by the Borrower, any of the Restricted Subsidiaries or any ERISA Affiliate as referenced in this Section 8.11, be reasonably likely to have a Material Adverse Effect.

  • No Pension Plan has an Unfunded Current Liability that would, individually or when taken together with any other liabilities referenced in this Section 8.11, be reasonably likely to have a Material Adverse Effect.


More Definitions of Current Liability

Current Liability means, with respect to any Plan, the present value of the accrued benefits under the Plan, as set forth in the most recent audited consolidated financial statements of TMS and its subsidiaries.
View Source
Current Liability means obligations whose liquidation is reasonably expected to require the use of existing resources properly classifiable as current assets or the creation of other current liabilities.
View Source
Current Liability means, with respect to any Plan, the present value of the accrued benefits under the Plan, as set forth in the most recent audited consolidated financial statements of JM Family Enterprises, Inc. and its subsidiaries.
View Source
Current Liability means, with respect to any Plan, the present value of the accrued benefits under the Plan, as set forth in the Most Recent Plan Financial Statements. The term "Unfunded Current Liability" of any Plan means the amount, if any, by which the present value of the accrued benefits Transaction SUBI Servicing Supplement under the Plan, as reported in the Most Recent Plan Financial Statements, exceeds the value of the Plan's assets, as set forth in the Most Recent Plan Financial Statements.
View Source
Current Liability has the meaning given such term in accordance with GAAP, but shall not include Revolving Loans, Swing Line Loans or L/C Obligations.
View Source
Current Liability shall be calculated utilizing the actuarial methods and assumptions attached hereto as Schedule IV.
View Source
Current Liability means current liability as defined in Section 307 of ERISA.
View Source