Trade Indebtedness. Borrower shall pay its trade payables and operational debt upon the earlier to occur of (a) sixty (60) days of the date invoiced, and (b) the date the same is due and payable.
Appears in 3 contracts
Samples: Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc), Loan Agreement (Sun Communities Inc)
Trade Indebtedness. Each Borrower shall pay its trade payables and operational debt upon the earlier to occur of (a) sixty (60) days of the date invoicedincurred, and (b) the date the same is due and payable.
Appears in 2 contracts
Samples: Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Extra Space Storage Inc.)
Trade Indebtedness. Borrower shall pay its trade payables and operational debt upon the earlier to occur of (a) sixty (60) days of the date invoicedincurred, and (b) the date the same is due and payable.
Appears in 2 contracts
Samples: Loan Agreement (Extra Space Storage Inc.), Loan Agreement (Bedford Property Investors Inc/Md)
Trade Indebtedness. Borrower shall pay its trade payables and operational debt upon the earlier to occur of (a) sixty (60) days of the date invoicedincurred, and (b) the date the same is due and payabledelinquent.
Appears in 1 contract
Trade Indebtedness. Borrower shall pay its trade payables and operational debt upon the earlier to occur of (a) sixty (60) days of the date invoicedincurred, and (b) the date the same is due and payable; provided, however, Borrower, at its own expense, after prior written notice to Lender, may contest any trade payable and operation debt in the same manner as provided in Section 5.04(b) hereof.
Appears in 1 contract
