Examples of Foreign Vendor Agreement in a sentence
To the extent that the Debtors and the Foreign Vendor in question have not, despite diligent efforts, entered into a Foreign Vendor Agreement, the Debtors are authorized, but not directed, to pay such Foreign Vendor if the Debtors determine, in the exercise of their business judgment, that payment of the Foreign Vendor Claim is necessary to the Debtors’ reorganization.
If a Foreign Vendor refuses to supply goods and/or services to the Debtors on Customary Trade Terms following receipt of payment on its Foreign Vendor Claim, or fails to comply with any Foreign Vendor Agreement entered into between such Foreign Vendor and the Debtors, the Debtors may, in their sole discretion and without further order of this Court, declare that such Foreign Vendor is in breach of its Foreign Vendor Agreement with the Debtors.