Permitted Trade Payables has the meaning set forth in clause (xxiii) of the definition of “Special Purpose Entity”.
Permitted Trade Payables means, (x) unsecured indebtedness in respect of trade payables incurred in the ordinary course of business relating to the ownership, maintenance and operation of the Properties (“Trade Payable Financing”) and (y) equipment financing entered into in the ordinary course of Borrower’s business for non-fixture equipment related to the ownership, maintenance and operation of the Properties (“Equipment Financing”) that satisfied each of the following conditions:
Permitted Trade Payables shall have the meaning set forth in Section 3.1.24(d) hereof.
Examples of Permitted Trade Payables in a sentence
Borrower shall not incur, create, assume, allow to exist, become or be liable in any manner with respect to any other indebtedness or monetary obligations, except for the Indebtedness and Permitted Trade Payables.
Borrower shall not incur, create, assume, allow to exist, become or be liable in any manner with respect to any other Indebtedness or monetary obligations, except for the Debt, Permitted Trade Payables and Permitted Equipment Leases.
More Definitions of Permitted Trade Payables
Permitted Trade Payables has the meaning set forth in Section 8.4.1.
Permitted Trade Payables means unsecured trade payables which are customarily and actually required to be satisfied within thirty (30) days.
Permitted Trade Payables shall have the meaning set forth in the definition of “Single Purpose Entity.”
Permitted Trade Payables means unsecured trade and/or operational indebtedness incurred by Borrower in the ordinary course of business in amounts that are normal and reasonable under the circumstances relating to the ownership and operation of the Property which (a) does not exceed, at any time, a maximum amount of three percent (3%) of the Principal Indebtedness (other than trade payables owing to contractors and suppliers in connection with any Restoration or other Capital Expenditures undertaken in accordance with the other applicable provisions of this Agreement, for which such aggregate limit shall not be applicable), (b) is not evidenced by a note, and (c) is due not more than sixty (60) days past the date incurred and paid on or prior to such date (unless contested by Borrower in good faith).
Permitted Trade Payables means, with respect to any Company Party, (a) for the period commencing as of the date hereof and ending on the date that is thirty (30) days after the Final Closing, all trade accounts payable arising in the ordinary course of business of any Company Party, and (b) at all other times, (i) trade accounts payable that remain unpaid more than one hundred twenty-one (121) days past their due dates so long as such trade accounts payable are being diligently contested by the applicable Company Party in good faith, (ii) trade accounts payable that remain unpaid sixty (60) days past their due dates but not later than one hundred twenty (120) days past their due dates so long as such trade accounts payable are (y) being diligently contested by the applicable Company Party in good faith or (z) not in excess of $100,000 in the aggregate, and (iii) trade accounts payable that remain unpaid for less than sixty (60) days past their due dates.
Permitted Trade Payables means trade and operational indebtedness incurred in the ordinary course of business with trade creditors, provided such indebtedness is (1) unsecured, (2) not evidenced by a note, (3) on commercially reasonable terms and conditions, and (4) due not more than sixty (60) days past the date incurred and paid on or prior to such date and, provided, further, that the same shall not, in the aggregate, exceed at any time one percent (1%) of the outstanding principal amount of the Debt.
Permitted Trade Payables means trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred, in the ordinary course of business, so long as such trade accounts payable are payable within ninety (90) days after the date the respective goods are delivered or the respective services are rendered.