Common use of Payment of Accounts Payable Clause in Contracts

Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty (60) days after due date, except such as are (i) being contested in good faith and as to which adequate provision or accrual has been made, or (ii) the subject of usual and customary review and evaluation.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Energy Partners LTD), Credit Agreement (Tengasco Inc), Revolving Credit Agreement (Energy Partners LTD)

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Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty ninety (6090) days after due date, except such as are (i) being contested in good faith and as to which adequate provision or accrual has been made, or (ii) the subject of usual and customary review and evaluation.

Appears in 1 contract

Samples: Loan Agreement (Nde Environmental Corp)

Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty (60) days after due date, except such as are (i) being contested in good faith and as to which adequate provision or accrual has been made, or (ii) the subject of usual and customary review and evaluation.

Appears in 1 contract

Samples: Guaranty Agreement (Saba Petroleum Co)

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Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty ninety (6090) days after due datethe date of the invoice therefor, except such as are (i) being contested in good faith and as to which adequate provision or accrual has been made, or (ii) the subject of usual and customary review and evaluation.

Appears in 1 contract

Samples: Term and Revolving Credit Agreement (Continental Resources Inc)

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