Common use of Accounts Payable and Inventory Clause in Contracts

Accounts Payable and Inventory. Since December 31, 2003, the Company has (i) discharged its material accounts payable and other material current liabilities and obligations in accordance with past practice, and (ii) purchased and maintained inventory in an amount which it reasonably believes to be appropriate for normal requirements of the Company's business and current business conditions consistent with its past practices.

Appears in 2 contracts

Samples: Merger Agreement (Hollywood Entertainment Corp), Merger Agreement (Hollywood Entertainment Corp)

AutoNDA by SimpleDocs

Accounts Payable and Inventory. Since December 31, 2003, the Company has (i) discharged its material accounts payable and other material current liabilities and obligations in accordance with past practice, and (ii) purchased and maintained inventory in an amount which it reasonably believes to be appropriate for normal requirements of the Company's ’s business and current business conditions consistent with its past practices.

Appears in 2 contracts

Samples: Merger Agreement (Hollywood Entertainment Corp), Merger Agreement (Movie Gallery 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!