Common use of Trade Payables Clause in Contracts

Trade Payables. Except to the extent an adjustment or proration is made under another subsection of this Appendix 8.1(b), (A) Sellers will pay in full when due all amounts payable to vendors or other suppliers of goods or services for the Business (the “Trade Payables”) which are due and payable as of the applicable Closing Date for which goods or services have been delivered to the Hotels prior to the applicable Closing, and (B) Purchaser will receive a credit for the amount of such Trade Payables which have accrued, but are not yet due and payable as of the Closing Date, and Purchaser will pay all such Trade Payables accrued as of the Closing Date when such Trade Payables become due and payable; provided, however, Seller and Purchaser will reprorate the amount of credit for any Trade Payables and pay any deficiency in the original proration to the other party promptly upon receipt of the actual xxxx for such goods or services.

Trade Payables. Except to the extent an adjustment or proration is made under another subsection the foregoing subsections of this Appendix 8.1(b)Paragraph 7, (Ai) Sellers will Existing Members shall pay in full when due prior to the Closing all amounts payable to vendors or other suppliers of goods or services for the Business Hotel (the “Trade Payables”) which are due and payable as of the applicable Closing Date for which goods or services have been delivered to the Hotels Hotel prior to the applicable Closing, and (Bii) Purchaser will the Company shall receive a credit for the amount of such Trade Payables which have accrued, but are not yet due and payable as of the Closing Date, and Purchaser will Company shall pay all such Trade Payables accrued as of the Closing Date when such Trade Payables become due and payable; provided, however, Seller Existing Members and Purchaser will Investor shall reprorate the amount of credit for any Trade Payables and pay any deficiency in the original proration to the other party promptly upon receipt of the actual xxxx for such goods or services.

Trade Payables. Except to the extent an adjustment or proration is made under another subsection of this Appendix 8.1(b)Section 10.2, (Ai) Sellers will Seller shall pay in full when due prior to or promptly following the Closing all amounts payable to vendors or other suppliers of goods or services for the Business (the “Trade Payables”) which that are due and payable as of the applicable Closing Date for which goods or services have been delivered to the Hotels Hotel prior to the applicable Closing, and (Bii) Purchaser will shall receive a credit for the amount of such Trade Payables which have accrued, but are not yet due and payable as of the Closing Date, and Purchaser will shall pay all such Trade Payables accrued as of the Closing Date when such Trade Payables become due and payable; provided, however, Seller and Purchaser will reprorate shall re-prorate the amount of credit for any Trade Payables and pay any deficiency in the original proration to the other party Party promptly upon receipt of the actual xxxx bxxx for such goods or services.