Common use of Account Terms Clause in Contracts

Account Terms. The Borrower shall, and shall cause each of its Subsidiaries to, promptly pay when due, or in conformity with customary trade terms consistent with past practices, all of their trade accounts payable, except for late payment in the ordinary course of business, the lateness of which payment, singly or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Williams Scotsman International Inc), Credit Agreement (Williams Scotsman Inc), Credit Agreement (Williams Scotsman Inc)

AutoNDA by SimpleDocs

Account Terms. The Borrower shall, and shall cause each of its Subsidiaries to, promptly pay when due, or in conformity with customary trade terms consistent with past practices, all of their trade accounts payable, except for late payment in the ordinary course of business, the lateness of which payment, singly or in the aggregate, could not reasonably be expected to (i) have a Material Adverse EffectEffect or (ii) materially change the Borrower's ability to comply with Section 8.22.

Appears in 1 contract

Samples: Credit Agreement (Consumers Us Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!