Overdue Payables definition

Overdue Payables means the aggregate amount of all accounts payable and similar payment obligations of the Company that, on the date of calculation, have not been satisfied by the Company within thirty days of the date of the relevant invoice in the case of all invoices other than those delivered by Xxxxx & XxXxxxxx LLP, or XxXxxxxxx, Held & Xxxxxx Ltd. in connection with the Actions between the Company and CryoCath Technologies, or within sixty days from the date of the relevant invoice in the case of any such invoices from Xxxxx & XxXxxxxx LLP, or XxXxxxxxx, Held & Xxxxxx Ltd.
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Overdue Payables means the aggregate amount of payables due to suppliers by the Tinet Group (on a consolidated basis) that, at each Relevant Date, are overdue by a period of 60 days or more from the applicable due date. The payables included in the calculation of the Capex Debt, any overdue payable due to Tiscali Group Entities, to the extent considered in the determination of Tiscali Overdue Amount. and any other item included in the definition of “Financial Debt” will be excluded from the Overdue Payables for the purpose of avoiding any double counting;
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Overdue Payables means the aggregate amount of all accounts payable and similar payment obligations of the Company that, on the date of calculation, have not been satisfied by the Company within thirty days of the date of the relevant invoice in the case of all invoices other than those delivered by Baker & McKenzie LLP, or McAndrews, Held & Malloy Ltd. in connection with the Actions between the Company and CryoCath Technologies, or within sixty days from the date of the relevant invoice in the case of any such invoices from Baker & McKenzie LLP, or McAndrews, Held & Malloy Ltd.
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Examples of Overdue Payables in a sentence

  • The Company and the Seller shall have paid the Overdue Payables and Inter-company Accounts to each other.

  • Purchaser shall withhold the Holdback Amount from the Cash Purchase Price to serve as collateral for Seller’s payment of the Overdue Payables in accordance with this Section 2.12.

  • Upon such payment and discharge, Seller shall provide Purchaser with evidence that such payments have been made and such obligations have been discharged, including by delivering to Purchaser executed payoff letters reasonably acceptable to Purchaser evidencing that Seller has no outstanding balance owing to the applicable trade creditors with respect to such Overdue Payables (collectively, the “Payoff Documents”).

  • Without limiting the generality of the foregoing, representatives of Parent shall be provided access to the books and records of the Companies and their Subsidiaries for the purpose of determining the Closing Overdue Payables no more than five (5) Business Days prior to the Closing Date.


More Definitions of Overdue Payables

Overdue Payables as used in this Article refers to the difference between the due payment payable in accordance with Article 6 and the actual payment made in the period: if the installment payment is made, the difference between the corresponding installment payable and the actual paid amount for the period is determined.
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Overdue Payables mean any cash overdrafts that are outstanding for one (1) or more days and payables that are overdue for one (1) or more days as calculated from the applicable due date for such payables.
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Overdue Payables has the meaning set forth in Section 2.12(a).
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Overdue Payables means Payables that are past due and have not been paid in a manner consistent with the ordinary course with the existing cash management policies of WPS and WSS as applied consistent with past practice prior to the date hereof.
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Related to Overdue Payables

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of fifteen percent (15%) and the maximum rate then permitted under applicable law.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Unpaid Charges means any charges billed to the Non-Paying Party that the Non-Paying Party did not render full payment to the Billing Party by the Bill Due Date, including where funds were not accessible.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Past Due Rate means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law.

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Payables Liabilities of a party arising from the borrowing of money or the incurring of obligations for services, merchandise or goods purchased.

  • Total Service Charges means all charges, after application of all discounts and credits, incurred by Customer for Services provided under this Agreement, excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international access that is passed-through (Type 3/PTT) or provided by Company (Type 1), charges for security services provided by a Cybertrust Security Service Provider listed in the Guide, and other charges expressly excluded by this Agreement.

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.