Common use of Trade Accounts Payable Clause in Contracts

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.