Common use of Trade Indebtedness Clause in Contracts

Trade Indebtedness. Each of the Borrower, the Joint Venture, the Operators, and the Manager, as applicable, will pay its trade payables within thirty (30) days of the date incurred, unless any of the Borrower, the Joint Venture, the Operators, or the Manager, as applicable, is in good faith contesting its obligation to pay such trade payables in a manner satisfactory to Lender (which may include Lender's requirement that Borrower post security with respect to the contested trade payable).

Trade Indebtedness. Each of the Borrower, the Joint VentureVentures, the Operators, and the Manager, as applicable, will pay its trade payables within thirty (30) days of the date incurred, unless any of the Borrower, the Joint VentureVentures, the Operators, or the Manager, as applicable, is in good faith contesting its obligation to pay such trade payables in a manner satisfactory to Lender (which may include Lender's requirement that Borrower post security with respect to the contested trade payable).