Payment of Accounts Payable. The Borrower will not allow any account payable to be in excess of sixty (60) days past due, except such as are being Contested in Good Faith.
Appears in 4 contracts
Samples: Credit Agreement (Esenjay Exploration Inc), Senior Secured Bridge Loan (Mainland Resources Inc.), Credit Agreement (Frontier Natural Gas Corp)
Payment of Accounts Payable. The Borrower will not allow any account payable to be in excess of sixty ninety (6090) days past duedue and be non-current, except such as are being Contested in Good Faith.
Appears in 2 contracts
Samples: Credit Agreement (Cubic Energy Inc), Credit Agreement (Cubic Energy Inc)
Payment of Accounts Payable. The Borrower will not allow any --------------------------- account payable to be in excess of sixty (60) days past due, except such as are being Contested in Good Faith.
Appears in 1 contract
