Common use of Payable Practices Clause in Contracts

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

Appears in 25 contracts

Samples: Loan, Security and Guarantee Agreement (National CineMedia, Inc.), Loan and Security Agreement (SWK Holdings Corp), Credit Agreement (Covenant Logistics Group, Inc.)

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Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Original Closing Date.

Appears in 9 contracts

Samples: Loan, Guaranty and Security Agreement (Turtle Beach Corp), Loan, Guaranty and Security Agreement (Turtle Beach Corp), Loan Agreement (Horizon Global Corp)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing DateDate other than any changes made in the Ordinary Course of Business.

Appears in 8 contracts

Samples: Abl Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.)

Payable Practices. No Obligor or any Subsidiary of any Obligor has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

Appears in 8 contracts

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), Loan and Security Agreement (American Vanguard Corp), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)

Payable Practices. No Obligor or Subsidiary nor any of its Subsidiaries has made any material change in its historical accounts payable practices from those in effect on the Closing Date.

Appears in 5 contracts

Samples: Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Restatement Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Date, other than changes consistent with then-current industry practice that could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Boise Cascade Holdings, L.L.C.), Loan and Security Agreement (Boise Cascade Holdings, L.L.C.)

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Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing Effective Date.

Appears in 1 contract

Samples: Subordination Agreement (Summer Infant, Inc.)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing DateDate other than to return to Obligors’ past customary payables practices.

Appears in 1 contract

Samples: Loan and Security Agreement (Installed Building Products, Inc.)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Initial Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)

Payable Practices. No Obligor or Subsidiary has made any material change in its historical accounts payable practices from those in effect on the Closing closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (South Texas Supply Company, Inc.)

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