Common use of Seller Indebtedness Clause in Contracts

Seller Indebtedness. The Seller will not incur or permit to exist any Indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (i) indebtedness of the Seller to the Originators incurred in accordance with the Sale Agreement, (ii) current accounts payable arising under the Transaction Documents and not overdue and (iii) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,000.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

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Seller Indebtedness. The Seller will not incur or permit to exist any Indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (i) indebtedness of the Seller to the Originators incurred in accordance with the Sale Agreement, (ii) current accounts payable arising under the Transaction Documents and not overdue and (iii) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,00010,000.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

Seller Indebtedness. The Seller will not incur or permit to exist any Indebtedness indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (i) indebtedness of the Seller to the Originators incurred in accordance with the Sale Agreement, (ii) current accounts payable arising under the Transaction Documents and not overdue and (iii) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,0004,500.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/), Receivables Purchase Agreement (Georgia Gulf Corp /De/)

Seller Indebtedness. The Seller will not In the case of Seller, incur or permit to exist any Indebtedness indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (iA) indebtedness of the Seller to the Originators Standard incurred in accordance with the Sale Agreement, (iiB) current accounts payable arising under the Transaction Documents and not overdue and (iiiC) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,000150,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Standard Products Co)

Seller Indebtedness. The Seller will not In the case of Seller, incur or permit to exist any Indebtedness indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (iA) indebtedness of the Seller to the Originators incurred in accordance with the Sale Agreement, (iiB) current accounts payable arising under the Transaction Documents and not overdue and (iiiC) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,0001000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Milacron Inc)

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Seller Indebtedness. The Seller will not In the case of Seller, incur or permit to exist any Indebtedness indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (iA) indebtedness of the Seller to the Originators incurred in accordance with the Sale Agreement, (iiB) current accounts payable arising under the Transaction Documents and not overdue and (iiiC) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,0001,000.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Inacom Corp)

Seller Indebtedness. The Seller will not incur or permit to exist any Indebtedness indebtedness or liability on account of deposits or advances or for borrowed money or for the deferred purchase price of any property or services, except (i) indebtedness of the Seller to the Originators incurred in accordance with the Sale Purchase Agreement, (ii) current accounts payable arising under the Transaction Documents and not overdue and (iii) other current accounts payable arising in the ordinary course of business and not overdue, in an aggregate amount at any time outstanding not to exceed $75,0004,500.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Georgia Gulf Corp /De/)

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