Common use of Payables Clause in Contracts

Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of the Company have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of the Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since December 31, 2009 in the amount or delinquency of accounts payable of the Company, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

AutoNDA by SimpleDocs

Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of each of the Company Companies have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of each of the Company Companies are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since December October 31, 2009 2010 in the amount or delinquency of accounts payable of any of the CompanyCompanies, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

Payables. Except as set forth in Section 4.25 4.24 of the Disclosure Schedule, all accounts payable of the Company have arisen in the ordinary course of business consistent with past practicebusiness. All items which are required by GAAP to be reflected as payables in on the Financial Statements and on the books and records of the Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since December 31April 30, 2009 2007 in the amount or delinquency of accounts payable of the Company, either individually or in the aggregate.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Steven Madden, Ltd.)

AutoNDA by SimpleDocs

Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of each of the Company Companies have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of the Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since December 31, 2009 2005 in the amount or delinquency of accounts payable of either of the CompanyCompanies, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

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