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Trade Accounts Sample Clauses

Trade Accounts. Except for amounts disputed in good faith, Magellan will cause to be paid all trade accounts and costs and expenses of operation and maintenance of the Facilities incurred or attributable to the period prior to the Closing, and Magellan agrees to indemnify and hold the Purchaser harmless from such costs and expenses.
Trade AccountsFrom time to time, the Company has obligations in respect of trade accounts payable. The Company has certain obligations in respect of claims by one prior employee and certain prior advisors. Payments with respect to certain of those obligations are due at the end of December 2015. NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAW, AND NO INTEREST HEREIN OR THEREIN MAY BE SOLD, DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION, (B) THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF SUCH SECURITIES (CONCURRED IN BY COUNSEL FOR THE COMPANY) THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION, OR (C) THE COMPANY OTHERWISE SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION. Warrant Number: [_______] Initial Exercise Date: [ ], 2016 THIS WARRANT TO PURCHASE COMMON STOCK (the “Warrant”) certifies that, for value received, [______________] or his/her or its permitted assigns (the “Holder”) is entitled, upon the terms and conditions hereof, and subject to the limitations on exercise hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. New York time on September 30, 2020 (the “Termination Date”) but not thereafter, to subscribe for and purchase from RespireRx Pharmaceuticals Inc. (formerly known as Cortex Pharmaceuticals, Inc.), a Delaware corporation (the “Company”), up to [__the number of shares of common stock purchased in the Common Stock and Warrant Offering__] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of each share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
Trade Accounts. Pay all trade accounts in accordance with Borrower’s customary practice.
Trade Accounts. Pay, and cause each Subsidiary to pay, all trade accounts in accordance with standard industry practices.
Trade AccountsEffective as of the Signing Date, all reciprocal or other trade accounts between the Principal Stockholder, BXI, any of the Principal Stockholders’ Subsidiaries, or any of their respective directors, executives or employees (on the one hand) and ITEX (on the other hand) shall be closed, and all rights pertaining thereto shall be waived, including but not limited to Intagio Trading Network’s ITEX Account, #0115061000570, Intagio Trading Network’s BXI Account, #197503444, and BXI’s Intagio Trading Network Account, #916225975. The foregoing shall not affect reciprocal or other trade accounts that may exist between independent contractors of BXI and ITEX or any ITEX franchisees, or any reciprocal or other trade accounts that may exist between ITEX franchisees and BXI or independent contractors of BXI, which shall remain in effect following the Signing Date and the Closing in accordance with their terms.
Trade Accounts. FastComm will not assume any trade payables at Closing, except those due under the License Agreement and payable by FastComm and listed on Schedule 1 hereto. Trade receivables as of the date of the Closing are part of the purchased Assets.
Trade AccountsWith respect to any supplier, Franchisee will maintain its trade accounts in a current status and will seek to resolve any disputes with such suppliers promptly. If Franchisee fails to maintain such trade accounts on a current status, to timely pay any amounts owing to any other third parties providing services, Franchisor may, but is not required to, pay any such amounts and/or perform such obligations on Franchisee’s behalf. If Franchisor elects to pay any such amounts, then Franchisee must promptly reimburse Franchisor, upon receipt of Franchisor’s invoice, for such amounts and its administrative services in doing so. Franchisor may also set off the amount of any such reimbursement against any payments due to Franchisee at its sole option.