Trade Accounts Payable. Each of the Loan Parties will pay all trade accounts payable before the same become more than 90 days past due, except (a) trade accounts payable contested in good faith or (b) trade accounts payable in an aggregate amount not to exceed $100,000 at any time outstanding and with respect to which no proceeding to enforce collection has been commenced or, to the knowledge of such Loan Party, threatened.
Trade Accounts Payable. The Borrower will not permit AEPLP and its Subsidiaries to create, incur, assume or otherwise become or remain directly or indirectly liable with respect to an aggregate amount of trade accounts payable (including but not limited to amounts owed under equipment leases) in excess of $15,000,000 at any time, provided, that the amount of any (a) AEPLP Taxes, fines or penalties owing by AEPLP and its Subsidiaries to any Governmental Authority and (b) obligations of AEPLP and its Subsidiaries owing to the Borrower or any Restricted Subsidiary, shall in each case be excluded from the calculation of the aggregate amount of trade accounts payables pursuant to this Section 8.18(d). In addition, both prior to and after the AEPLP Guaranty Date, the Borrower will not, and will cause its Subsidiaries to not, permit the Intercompany Note to be amended, modified or supplemented in any respect if such amendment, modification or supplement would materially and adversely affect the rights of the holder of the Intercompany Note (in its capacity as a holder of the Intercompany Note), including, without limitation, any modification of the July 19, 2009, maturity date of the outstanding principal amount thereunder.
Trade Accounts Payable. Except to the extent disputed in good faith by the Company, all trade accounts payable of the Company and its Subsidiaries were incurred in the ordinary course of business and are valid. Schedule 3.14 sets forth a true and complete list of all trade accounts payable of the Company and its Subsidiaries as of a recent date, reflecting agings per trade account payable in categories of thirty (30), sixty (60), ninety (90) and more than ninety (90) days after the date of invoice.
Trade Accounts Payable. In the event that Chemtura or any of its Affiliates pays, on or after the Closing Date, any account payable that constitutes an Assumed Liability or any account payable of any Transferred Entity, Chemtura or its Affiliate, as the case may be, shall be entitled to be reimbursed by Purchaser in full for such payment. Chemtura or its Affiliate, as the case may be, may deliver notice claiming reimbursement, together reasonable supporting documentation that such payment was made, to Purchaser, and Purchaser shall, within five Business Days of receiving such notice, reimburse Chemtura or its Affiliate in full for such payment. In the event that Purchaser or any of its Affiliates pays, on or after the Closing Date, any account payable that constitutes an Excluded Liability, Purchaser or its Affiliate, as the case may be, shall be entitled to be reimbursed by Sellers in full for such payment. Purchaser or its Affiliate, as the case may be, may deliver notice claiming reimbursement, together reasonable supporting documentation that such payment was made, to Chemtura, and Chemtura shall, within five Business Days of receiving such notice, reimburse Purchaser or its Affiliate in full for such payment.
Trade Accounts Payable. Buyer shall have received a complete and accurate list of the Trade Accounts Payable as of a date not more than two (2) Business Days prior to the Closing Date. As of the Closing Date, the ratio of Trade Accounts Payable to Receivables shall not be greater than 1.35:1.00.
Trade Accounts Payable. All liabilities and obligations under the Company’s trade accounts payable to suppliers of goods and services to the Business incurred by the Company in the amount set forth on the Final Balance Sheet. An itemized list of the trade accounts payable as of August 20, 2006 is set forth on Schedule 1.5(i);
Trade Accounts Payable. Except as otherwise disclosed on Part E of the Disclosure Disc, (1) all of the liabilities reflected on the books of the Ferro Sellers arose out of the ordinary course conduct of the Specialty Plastics Business; and (2) no such liabilities are owing to the Ferro Sellers or any of their Affiliates. Except as otherwise disclosed on Subpart E-2 of the Disclosure Disc, none of the Ferro Sellers is in Default in any manner likely to be materially adverse to the Specialty Plastics Business Condition under any note, bond, debenture, mortgage, indenture, security agreement, guaranty, or other instrument of indebtedness.
Trade Accounts Payable. Promptly pay when due, or in conformity with customary trade terms, all of its trade accounts payable, except for late payments in the ordinary course of business with respect to contracts of the Borrower other than Material Contracts, the lateness of which payments, singly or in the aggregate, would not, and would not reasonably be expected to have, a Material Adverse Effect on the Borrower or the Willis Companies.