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. Each of the Loan Parties will, ---------------------- and will cause the Borrower and each of its Subsidiaries to, 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 at any time outstanding Two Hundred Fifty Thousand Dollars ($250,000) and with respect to which no proceeding to enforce collection has been commenced or, to the knowledge of any Loan Party, threatened.
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. Each Credit Party 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 Credit Party, threatened.
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. No Company shall permit its trade accounts payable to be past due for more than sixty (60) days unless being contested in good faith and for which adequate reserves are maintained in accordance with generally accepted accounting principles, consistently applied.
Trade Accounts Payable. Except as otherwise disclosed on Part E, (1) all of the liabilities reflected on the books of the Subsidiary arose out of the ordinary course conduct of the Powder Coatings Business; and (2) no such liabilities are owing to Ferro or any of their Affiliates.
Trade Accounts Payable. Trade Accounts Payable will be included in Closing Working Capital, calculated based upon the following accounting principles, policies and procedures: Includes all trade payables for products purchased, and shall be calculated consistent with the policy applied to the Balance Sheet.
Trade Accounts Payable. F.Y.I. will, and will cause each of its Subsidiaries to, 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 at any time outstanding $400,000 and with respect to which no proceeding to enforce collection has been commenced or, to the knowledge of F.Y.I. or any Subsidiary of F.Y.I., threatened.
