Overdue Payable definition

Overdue Payable means any payable owed by the Company or any of its Subsidiaries to the Buyer or any of its Affiliates, payment of which is greater than ninety (90) days overdue.
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Related to Overdue Payable

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of (i) twelve percent (12%) or (ii) the maximum rate then permitted under applicable law.

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.