DEFERRED TRADE PAYABLES definition
DEFERRED TRADE PAYABLES means promissory notes (whether interest bearing or non-interest bearing) executed by Company or any of its Subsidiaries in favor of such entity's suppliers to finance the purchase price and delivery costs of inventory in connection with such entity's opening or acquisition of new stores or remodeling of existing stores.
DEFERRED TRADE PAYABLES means, collectively, the Debt of a Restricted ----------------------- Person incurred prior to the date of this Agreement to vendors, suppliers, and other Persons providing goods and services listed on Schedule 6 not exceeding the aggregate amount of $3,474,865.40 provided that such Debt is not secured by a Lien (other than inchoate Liens and Liens listed on Schedule 7), and either (i) if such Debt is evidenced by a promissory note, deferral agreement, or other similar document providing for extended payment terms, such Restricted Person is not in default under such promissory note, deferral agreement, or other similar document or (ii) if such Debt is not evidenced by such a document, the holder of such Debt has not commenced any action for the collection of such Debt or in respect of any Lien securing such Debt.
DEFERRED TRADE PAYABLES means promissory notes (whether interest bearing or non-interest bearing) executed by Holdings or any of its Subsidiaries in favor of such entity's suppliers to finance the purchase price and delivery costs of inventory in connection with such entity's opening or acquisition of new stores or remodeling of existing stores.