Common use of Permitted Priority Debt; Clause in Contracts

Permitted Priority Debt;. (d) accounts payable to trade creditors for goods and services and current operating liabilities (not the result of the borrowing of money) incurred in the ordinary course of Parent’s or such Subsidiary’s business in accordance with customary terms and paid within the specified time, unless contested in good faith by appropriate proceedings and reserved for in accordance with GAAP;

Appears in 2 contracts

Samples: Term Loan Agreement (Strongbridge Biopharma PLC), Term Loan Agreement (Strongbridge Biopharma PLC)

AutoNDA by SimpleDocs

Permitted Priority Debt;. (d) accounts payable to trade creditors for goods and services and current operating liabilities (not the result of the borrowing of money) incurred in the ordinary course of ParentBorrower’s or such its Subsidiary’s business in accordance with customary terms and paid within the specified time, unless contested in good faith by appropriate proceedings and reserved for in accordance with GAAP;

Appears in 1 contract

Samples: Loan Agreement (Exagen Diagnostics Inc)

AutoNDA by SimpleDocs

Permitted Priority Debt;. (d) accounts payable to trade creditors for goods and services and current operating liabilities (not the result of the borrowing of money) incurred in the ordinary course of ParentBorrower’s or such Subsidiary’s business in accordance with customary terms and paid within the specified time, unless contested in good faith by appropriate proceedings and reserved for in accordance with GAAPbusiness;

Appears in 1 contract

Samples: Term Loan Agreement (TearLab Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.