Payment of Trade Payables. Each of the Credit Parties shall pay, and shall cause each of its Subsidiaries to pay, all of their customary trade payables incurred in the ordinary course of business now or hereafter incurred within 90 days of the date the invoice is received by such Credit Party, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefore.
Payment of Trade Payables. The Borrower will pay and cause all of its Subsidiaries to pay all of their Trade Payables now or hereafter incurred within 60 days of the date the invoice is received by Borrower, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefor.
Payment of Trade Payables. Management Company shall fund bank accounts from the revenues of the Business the proceeds of which shall be used for the payment of Operating Company's obligations relative to the Business such as payroll checks and checks for payment of accounts payable.
Payment of Trade Payables. The Guarantor will pay and cause all of its Subsidiaries to pay all of their respective Trade Payables now or hereafter incurred within 60 days of the invoice or billing date, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefor.
Payment of Trade Payables. Within 75 days from the date of this Agreement, Purchaser shall deliver a certificate to the Vendor confirming that substantially all trade payables included in the Accounts Payable have been paid or satisfied.
Payment of Trade Payables. Immediately following the Effective Time, Cyberkinetics shall either make a loan or contribute to the Company an amount not to exceed $425,000 to enable the Surviving Corporation to discharge (and shall cause the Surviving Corporation to discharge) in full the Trade Payable Amount, by making payments to the creditors of the Surviving Corporation in accordance with Schedule 2 attached hereto and incorporated herein.
Payment of Trade Payables. After the Closing Date, Seller shall pay any Trade Payable accrued before the Apportionment Time. Likewise, after the Closing Date, Purchaser shall cause Manager, on behalf of Purchaser, to pay any Trade Payable that accrued on or after the Apportionment Time as provided in the Management Agreement. If either (i) Seller receives an invoice for or pays a Trade Payable that accrued on or after the Apportionment Time, or (ii) Purchaser receives an invoice for or pays a Trade Payable that accrued before the Apportionment Time, then the party in receipt of such invoice or that makes payment of such Trade Payable shall forward the invoice received in error or such notice as is required pursuant to Section 8.3.1(c) to the other party within ten (10) Business Days following such receipt or payment.
Payment of Trade Payables. Borrower shall pay (or ensure that ------------------------- the Manager pays) all Trade Payables within 60 days of the date incurred except for such trade indebtedness that is subject to a bona fide dispute.
VI. NEGATIVE COVENANTS ------------------
Payment of Trade Payables. Xx. Xxx shall fund bank accounts from the revenues of the Fertilizer Distribution Business the proceeds of which shall be used for the payment of Cox Distributing's obligations relative to the Fertilizer Distribution Business such as payroll checks and checks for payment of accounts payable.
Payment of Trade Payables. Contractor shall fund bank accounts from the revenues of the Business the proceeds of which shall be used for the payment of BKYM’s obligations relative to the Business such as payroll checks and checks for payment of accounts payable.
