Trade Indebtedness. Each Borrower will pay its trade payables within sixty (60) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
Appears in 3 contracts
Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)
Trade Indebtedness. Each Borrower will pay pay, its trade payables within sixty ------------------ ninety (6090) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower Borrower, as the case may be, post security with respect to the contested trade payable).
Appears in 3 contracts
Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)
Trade Indebtedness. Each Borrower will pay its trade payables within sixty ninety (6090) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower Borrower, as the case may be, post security with respect to the contested trade payable).
Appears in 2 contracts
Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)
Trade Indebtedness. Each Borrower will pay its trade payables payables, within sixty (60) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
Appears in 2 contracts
Samples: Loan Agreement (Burnham Pacific Properties Inc), Loan Agreement (Burnham Pacific Properties Inc)
Trade Indebtedness. Each Borrower will pay its trade payables within sixty thirty (6030) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's ’s obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security accordance with respect to the contested trade payable)Contest Conditions.
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Trade Indebtedness. Each Borrower will pay its trade payables within sixty thirty (6030) days of the date incurredinvoiced (except for leasing commissions which shall be paid within thirty (30) days of the date due), unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
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Trade Indebtedness. Each Borrower will pay pay, its trade payables within sixty ninety (6090) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower Borrower, as the case may be, post security with respect to the contested trade payable).
Appears in 1 contract
Trade Indebtedness. Each Borrower will pay its trade payables within sixty (60) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
Appears in 1 contract
Samples: Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
Trade Indebtedness. Each Borrower will pay its trade payables within sixty (60) days of the date incurredincurred except for outstanding trade payables existing as of the Closing Date which do not require payment within sixty (60) days, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
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Trade Indebtedness. Each Borrower will pay its trade payables within sixty thirty (6030) days of the date incurreddue, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables payable in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
Appears in 1 contract
Trade Indebtedness. Each Borrower will pay its trade payables within sixty thirty (6030) days of the date incurred, unless such Borrower is in good faith contesting such Borrower's obligation to pay such trade payables in a manner reasonably satisfactory to Lender (which may include Lender's requirement that such Borrower post security with respect to the contested trade payable).
Appears in 1 contract
Samples: Loan Agreement (Mark Centers Trust)