Common use of Trade Accounts Payable Clause in Contracts

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.

Appears in 2 contracts

Sources: Share Purchase Agreement (Ferro Corp), Purchase Agreement (Ferro Corp)