Payment of Trade Debt. The Company shall pay, and cause each subsidiary to pay, when due, or in conformity with customary trade terms but not later than ninety (90) days from the due date, all lease obligations, all trade debt, and all other indebtedness incident to the operations of the Company or its subsidiaries, except such as are being contested in good faith and by proper proceedings if the Company or subsidiary concerned shall have set aside on its books sufficient reserves, if any, with respect thereto.
Payment of Trade Debt. Borrowers will (i) timely pay all taxes, assessments and other governmental charges or levies imposed upon them or upon their income, profits or property; (ii) within 30 days after the same becomes due pay all Debt (other than the Obligations) owed by them, in connection with the preceding clauses (i) and (ii) except to the extent Borrowers are disputing such items in good faith; and (iii) maintain appropriate accruals and reserves for all of the foregoing Debt in accordance with GAAP_
Payment of Trade Debt. Borrower will (i) timely pay all taxes, assessments and other governmental charges or levies imposed upon it or upon its income, profits or property; (ii) in the ordinary course of business, and in any event within not more than ninety (90) days after the same becomes due, pay all Debt (other than the Obligations) owed by it; (iii) within thirty (30) days after the date of this Agreement pay all trade debt listed on Schedule 4.1(m) that is more than ninety (90) days overdue as of the date of this Agreement, and provide to Lender within thirty-five (35) days after the date of this Agreement a certificate of the President or Chief Financial Officer of Parent Borrower listing all trade debt that was paid by Borrower during the thirty (30) day period following the date of this Agreement; and (iv) maintain appropriate accruals and reserves for all of the foregoing Debt in accordance with GAAP.
Payment of Trade Debt. Taxes. etc. Borrower will: (1) timely file all required tax returns; (2) timely pay all taxes, assessments, and other governmental charges or levies imposed upon it or upon its income, profits or property; (3) pay all Debt owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; and (4) maintain appropriate accruals and reserves for all of the foregoing Debt in accordance with its present system of accounting. Borrower will pay and discharge in all material respects, when due, all other Debt, taxes or assessments now or hereafter owed by it. Borrower may, however, delay paying or discharging any such taxes, assessments, governmental charges or levies or other Debt so long as it is in good faith contesting the validity thereof by appropriate proceedings and has set aside on its books adequate reserves therefor.
Payment of Trade Debt. The Borrower shall, and shall cause each Subsidiary to, within thirty (30) days after the same becomes due (or, with respect to any vendor, within such longer period as is acceptable to such vendor) pay all Debt (other than the Obligations) owed by it and maintain appropriate accruals and reserves for all of the foregoing Debt in accordance with GAAP."
Payment of Trade Debt. Borrower will (i) timely pay all taxes, assessments and other governmental charges or levies imposed upon it or upon its income, profits or property, except those being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of Borrower in accordance with GAAP; (ii) within 60 days after the same becomes due pay all Indebtedness (other than the Obligations) owed by it; and (iii) maintain appropriate accruals and reserves for all of the foregoing Indebtedness in accordance with GAAP.
Payment of Trade Debt. Notwithstanding the requirement of Section 5.1(g) of the Original Agreement that trade payables must be paid within 120 days after the original invoice or billing date, the Related Persons may, during the period beginning on July 1, 1995 and ending on and including December 31, 1995, defer payment of trade payables of up to $700,000 in the aggregate.
Payment of Trade Debt. Pay, and cause each subsidiary to pay, when due, or in conformity with customary trade terms, all lease obligations, all trade debt, and all other indebtedness incident to the operations of Company or its subsidiaries, except such as are being contested in good faith and by proper proceedings if Company or the applicable subsidiary shall have set aside on its books sufficient reserves, if any, with respect thereto.
Payment of Trade Debt. Borrower will (i) timely pay all taxes, assessments and other governmental charges or levies imposed upon it or upon its income, profits or property; (ii) in the ordinary course of business, and in any event within not more than ninety (90) days after the same becomes due, pay all Debt (other than the Obligations) owed by it; (iii) within thirty (30) days after Closing pay all trade debt listed on Schedule 4.1(m) that is more than ninety (90) days overdue as of the date of Closing, and provide to Lender within thirty-five (35) days after closing a certificate of the President or Chief Financial Officer of Parent Borrower listing all trade debt that was paid by Borrower during the thirty (30) day period following the Closing; and (iv) maintain appropriate accruals and reserves for all of the foregoing Debt in accordance with GAAP.
