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.
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Samples: Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co), Credit Agreement (Shell Capital Inc)
Payment of Trade Payables. The Borrower and the Parent will pay and cause all of its Subsidiaries to pay all of their Trade Payables now or hereafter customary trade payables incurred in the ordinary course of business within 60 days of the date the invoice is received by Borroweror billing date, unless subject to legal offset or unless being contested in good faith by appropriate proceedings and if reserves adequate under GAAP shall have been established therefor.
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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 Borroweror 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.
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