Net Accounts Payable definition
Net Accounts Payable means, for each Contracting Party, as applicable, an amount equal to the sum of Current Month Accounts Net Payable and Previous Months Accounts Net Payable, each as calculated hereunder;
Net Accounts Payable means the aggregate amount of the Accounts Payable, less the amount of any Accounts Payable erroneously billed or overbilled.
Net Accounts Payable means, as of any date of determination, an amount equal to (x) the aggregate amount of all accounts payable due and owing by Borrower and its Affiliates minus (y) Borrower’s Consolidated Unencumbered Liquid Assets minus (z) so long as no “Default” or “Event of Default” has occurred and is continuing, the amount of any “Availability” pursuant to that certain Credit and Security Agreement, dated as of April 20, 2016, by and among the Loan Parties and SCM Specialty Finance Opportunities Fund, L.P. (as each such capitalized term used in this clause (z) is defined in such Credit and Security Agreement).
More Definitions of Net Accounts Payable
Net Accounts Payable means, for each Contracting Party, as applicable, an amount equal to the sum of Current Month Accounts Net Payable and Previous Months Accounts Net Payable, each as calculated in accordance with Schedule C;
Net Accounts Payable means, as of any date of determination, an amount equal to (x) the aggregate amount of all accounts payable due and owing by Borrower and its Affiliates minus (y) Borrower’s Consolidated Unencumbered Liquid Assets minus (z) so long as no Default or Event of Default has occurred and is continuing, the amount of any Availability.