Trade Debts Sample Clauses

Trade Debts. (a) The receivables owing from trade debtors included in the Accounts owed to the Company or the Subsidiaries have been realised or are expected to be realised in a manner consistent with past performance of the Company or the Subsidiaries, as applicable.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Trade Debts. Once all Trade Debts (as defined in the Purchase Agreement) have been settled pursuant the terms and conditions of the Purchase Agreement, Medco shall acquire all of the Participating Interests (as defined in the Joint Operating Agreement) held by Purchaser, so that Medco becomes the direct owner of the Assets (as defined in the Purchase Agreement). Notwithstanding any provision in this Guarantee to the contrary, this Guarantee shall be deemed to have been fully discharged and shall cease to be valid or of any force or effect immediately following acquisition by Medco of the Participating Interests and Vendor shall forthwith thereafter cancel and return the original of this Guarantee to Medco.
Sample 1
Trade Debts. All trade debts accounted for as such in any financial document referred to above, are normal trade debts incurred in the normal course of business on normal terms relevant thereto, and are fully payable and not overdue.
Sample 1
Trade Debts. (a) The Trade Debts will remain the absolute property of the Vendor following Completion.
Sample 1

Related to Trade Debts

  • Other Debts Not to have outstanding or incur any direct or contingent liabilities or lease obligations (other than those to the Bank), or become liable for the liabilities of others, without the Bank’s written consent. This does not prohibit:

  • Trade Payables Except to the extent an adjustment or proration is made under another subsection of this SECTION 9.1, (i) the Seller shall pay (or caused to be paid) in full prior to the Closing all amounts payable to vendors or other suppliers of goods or services to the Hotel (the “Trade Payables”) which are due and payable as of the Cut-Off Time for which goods or services have been delivered to the Hotel prior to Closing, and (ii) the Buyer shall receive a credit for the amount of such Trade Payables which have accrued, but are not yet due and payable as of the Cut-Off Time, and the Buyer shall pay all such Trade Payables accrued as of the Cut-Off Time when such Trade Payables become due and payable up to the amount of such credit; provided, however, the Seller and the Buyer shall reprorate the amount of credit for any Trade Payables and pay any deficiency in the original proration to the other party promptly upon receipt of the actual xxxx for such goods or services. The Seller shall receive a credit for all advance payments or deposits made with respect to FF&E, Retail Merchandise, Property and Equipment and Inventories ordered, but not delivered to the Hotel prior to the Closing Date, and the Buyer shall pay the amounts which become due and payable for such FF&E, Retail Merchandise, Property and Equipment and Inventories which were ordered but not delivered prior to Closing.

  • Debts Each party agrees to be separately liable for his or her debts incurred prior to the marriage. During the course of the marriage, both parties shall be responsible for any expenses incurred for the basic necessities of life, such as food, basic clothing needs, shelter, and medical care. With respect to credit card accounts, each party shall retain separate credit card accounts for his or her respective use, if desired.

  • Payment of Debts Contractor must pay all amounts shown as due to the City on the City’s accounts, even if a dispute exists as to the debt’s validity or enforceability.

  • Solvency, Payment of Debts Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement.

  • Payables All accounts and notes payable of the Company, together with an appropriate aging schedule;

  • No Insolvent Obligors As of the Cut-off Date, no Obligor on a Receivable is shown on the Receivable Files as the subject of a bankruptcy proceeding.

  • Contracts; Debt Instruments 32 4.12. Litigation........................................................... 32 4.13.

  • Inability to Pay Debts The Borrower or any Restricted Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

  • Hedging Contracts No Restricted Person will be a party to or in any manner be liable on any Hedging Contract, except:

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