Approved Payment Date definition
Approved Payment Date. The date which is (a) one hundred twenty (120) days after the due date for payment of an Approved Account if the Approved Account is an Export Account other than a Portuguese or Italian Account, or (b) 180 days after the due date of such Approved Account if it is a Portuguese or Italian Account.
Approved Payment Date means the date which is one hundred twenty (120) days after the due date for payment of an Approved Account.