Seller Debt. Except as contemplated by the Transaction Documents, Seller will not incur or permit to exist any Debt or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue, unless such overdue accounts payable are disputed and being contested in good faith.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Sensient Technologies Corp), Receivables Purchase Agreement (Sensient Technologies Corp), Receivables Purchase Agreement (Kapstone Paper & Packaging Corp)
Seller Debt. Except as contemplated by the Transaction Documents, Seller will not incur or permit to exist any Debt or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) the Subordinated Loans, and (iii) other current accounts payable arising in the ordinary course of business and not overdue, unless such overdue accounts payable are disputed and being contested in good faith.
Appears in 1 contract
