Payment of Trade Payables. Each of the Credit Parties shall pay, and shall cause each of its Subsidiaries to pay, all of their customary trade payables incurred in the ordinary course of business now or hereafter incurred within 90 days of the date the invoice is received by such Credit Party, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefore.
Payment of Trade Payables. The Borrower will pay and cause all of its Subsidiaries to pay all of their Trade Payables now or hereafter incurred within 60 days of the date the invoice is received by Borrower, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefor.
Payment of Trade Payables. Management Company shall fund bank accounts from the revenues of the Business the proceeds of which shall be used for the payment of Operating Company's obligations relative to the Business such as payroll checks and checks for payment of accounts payable.
Payment of Trade Payables. The Guarantor will pay and cause all of its Subsidiaries to pay all of their respective Trade Payables now or hereafter incurred within 60 days of the invoice or billing date, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and reserves adequate under GAAP shall have been established therefor.
Payment of Trade Payables. Within 75 days from the date of this Agreement, Purchaser shall deliver a certificate to the Vendor confirming that substantially all trade payables included in the Accounts Payable have been paid or satisfied.
Payment of Trade Payables. As part of the Purchase Price, Buyer shall deliver to DGS at Closing $500,000 in readily available funds (the "Funds"), for the payment of all trade payable accounts of the Business and payments owed to sales representatives (all of which are fully and completely listed on Schedule 6.H), except for those accounts that the parties may agree not to pay at that time. The trade creditors listed on Schedule 6.H. who shall be paid out of the Funds are referred to as the "Payees." Seller shall mail or fax to each Payee promptly following the Closing Date a request for verification of the amount owed to that Payee. Seller and Buyer shall prepare joint instructions to DGS indicating the name and address of each Payee and the amount to be paid to such Payee. DGS shall not be obligated to write any checks or disburse any portion of the Funds until it has received confirmation from its bank that the Funds have been cleared and are available. DGS shall only act upon receipt of joint instructions signed by both the Buyer and the Seller. Upon receipt of such joint instructions, DGS shall mail checks to Payees out of the Funds in the Agency Account in accordance with the instructions received. If DGS has not received joint instructions for the disbursement for the full amount of the Funds by October 30, 1997, then DGS shall disburse the portion of the Funds remaining in the Agency Account according to any joint instructions it receives on that date. If no such joint instructions on the disbursement of the remaining Funds is received by midnight on October 30, 1997, then DGS shall write a check payable jointly to Seller and Buyer for the full amount of such remaining Funds. The responsibilities of DGS hereunder are intended to be ministerial in nature and DGS shall have no liability to the Seller, the Buyer or any other person hereunder except for its knowing and willful refusal to abide by the terms of this Section. Buyer acknowledges that DGS is counsel to Seller and agrees that neither the activities performed by it pursuant to this Section nor any dispute between or among Seller, Buyer and DGS will prevent DGS from continuing such representation.
Payment of Trade Payables. Borrower shall pay (or ensure that ------------------------- the Manager pays) all Trade Payables within 60 days of the date incurred except for such trade indebtedness that is subject to a bona fide dispute.
Payment of Trade Payables. Contractor shall fund bank accounts from the revenues of the Business the proceeds of which shall be used for the payment of BKYM’s obligations relative to the Business such as payroll checks and checks for payment of accounts payable.
Payment of Trade Payables. Immediately following the Effective Time, Cyberkinetics shall either make a loan or contribute to the Company an amount not to exceed $425,000 to enable the Surviving Corporation to discharge (and shall cause the Surviving Corporation to discharge) in full the Trade Payable Amount, by making payments to the creditors of the Surviving Corporation in accordance with Schedule 2 attached hereto and incorporated herein.
Payment of Trade Payables. Xx. Xxx shall fund bank accounts from the revenues of the Fertilizer Distribution Business the proceeds of which shall be used for the payment of Cox Distributing's obligations relative to the Fertilizer Distribution Business such as payroll checks and checks for payment of accounts payable.
