Overdue Payables definition

Overdue Payables means the aggregate amount of all accounts payable and similar payment obligations of the Company that, on the date of calculation, have not been satisfied by the Company within thirty days of the date of the relevant invoice in the case of all invoices other than those delivered by ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, or ▇▇▇▇▇▇▇▇▇, Held & ▇▇▇▇▇▇ Ltd. in connection with the Actions between the Company and CryoCath Technologies, or within sixty days from the date of the relevant invoice in the case of any such invoices from ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, or ▇▇▇▇▇▇▇▇▇, Held & ▇▇▇▇▇▇ Ltd.

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Overdue Payables means Payables that are past due and have not been paid in a manner consistent with the ordinary course with the existing cash management policies of WPS and WSS as applied consistent with past practice prior to the date hereof.

Overdue Payables mean any cash overdrafts that are outstanding for one (1) or more days and payables that are overdue for one (1) or more days as calculated from the applicable due date for such payables.

Examples of Overdue Payables in a sentence

• The Company and the Seller shall have paid the Overdue Payables and Inter-company Accounts to each other.

• Upon such payment and discharge, Seller shall provide Purchaser with evidence that such payments have been made and such obligations have been discharged, including by delivering to Purchaser executed payoff letters reasonably acceptable to Purchaser evidencing that Seller has no outstanding balance owing to the applicable trade creditors with respect to such Overdue Payables (collectively, the “Payoff Documents”).

• Purchaser shall withhold the Holdback Amount from the Cash Purchase Price to serve as collateral for Seller’s payment of the Overdue Payables in accordance with this Section 2.12.

• Without limiting the generality of the foregoing, representatives of Parent shall be provided access to the books and records of the Companies and their Subsidiaries for the purpose of determining the Closing Overdue Payables no more than five (5) Business Days prior to the Closing Date.

More Definitions of Overdue Payables

Overdue Payables means the aggregate amount of payables due to suppliers by the Tinet Group (on a consolidated basis) that, at each Relevant Date, are overdue by a period of 60 days or more from the applicable due date. The payables included in the calculation of the Capex Debt, any overdue payable due to Tiscali Group Entities, to the extent considered in the determination of Tiscali Overdue Amount. and any other item included in the definition of “Financial Debt” will be excluded from the Overdue Payables for the purpose of avoiding any double counting;

Overdue Payables as used in this Article refers to the difference between the due payment payable in accordance with Article 6 and the actual payment made in the period: if the installment payment is made, the difference between the corresponding installment payable and the actual paid amount for the period is determined.

Overdue Payables means the aggregate amount of all accounts payable and similar payment obligations of the Company that, on the date of calculation, have not been satisfied by the Company within thirty days of the date of the relevant invoice in the case of all invoices other than those delivered by Baker & McKenzie LLP, or McAndrews, Held & Malloy Ltd. in connection with the Actions between the Company and CryoCath Technologies, or within sixty days from the date of the relevant invoice in the case of any such invoices from Baker & McKenzie LLP, or McAndrews, Held & Malloy Ltd.

Overdue Payables has the meaning set forth in Section 2.12(a).