Examples of Trade Vendors in a sentence
Such contractual subordination shall terminate upon termination or expiration of the Trade Vendors' Lien.
The Debtor believes that payment of Trade Vendor Claims in full is necessary to maintain ongoing relationships among the Debtor, and its Trade Vendors, thereby preserving and enhancing the Debtor's going concern value for the benefit of all creditors.
A) PSMT will deliver to TPG purchase orders and/or invoices from the Trade Vendors with written instructions to TPG to pay such purchase orders/invoices (the “Payment Request”), along with wire instructions for such payment.
Based on the Debtor's substantial experience with its Trade Vendors, the Debtor believed that its contracts with the Trade Vendors were, and remain at competitive rates and terms and that continuation of business on the same or better terms will help stabilize the Debtor's business operations.
On October 30, 2003, the Court granted the relief requested in the Critical Trade Vendor Motion and authorized the Debtor to pay in the ordinary course of business, in the Debtor's discretion, the $8.6 million owed to Critical Trade Vendor on their Claims; but only to the extent that each such Critical Trade Vendor agreed to provide the Debtor with post-petition goods according to each such Critical Trade Vendor's pre-Petition Date customary trade terms.
Case No. 03-35966-BKC-PGH Thus, on the Initial Distribution Date or as soon as practicable thereafter, each holder of an Allowed Trade Vendor Claim shall receive Cash in an amount equal to such Allowed Trade Vendor Claim plus interest, to the extent that the agreed terms of a Trade Vendor's contractual relationship with the Debtor entitles such Trade Vendor to collect interest on such amounts.
TPG shall pay funds to the Trade Vendors, in accordance with said written instructions, by wire transfer within one (1) business day after TPG receives the Payment Request and wire instructions.
TPG shall have no liability to PSMT, or any other party, in the event funds are not timely paid to Trade Vendors, provided TPG has timely given appropriate wire instructions to its bank or other institution.
On the Effective Date, the Reorganized Debtors shall grant to certain vendors who provide retail merchandise to the Reorganized Debtors on credit after the Effective Date, or who have provided merchandise to the Debtors after the Petition Date and before the Effective Date on credit which is not paid for as of the Effective Date, a Post-Effective Date Trade Vendors' Lien pursuant to the terms attached hereto as Exhibit K.
Before the Petition Date and in the ordinary course of its business, the Debtor incurred certain unsecured debt to suppliers ("Trade Vendor Claims") to the Debtor of product needed for its manufacturing business ("Trade Vendors").