Vendor Payables definition
Examples of Vendor Payables in a sentence
The Company shall not make any payment with respect to any Qualified Vendor Payables unless such Qualified Vendor Payable is replaced by another Qualified Vendor Payable so that in no event will the aggregate amount of Qualified Vendor Payables be less than $20.0 million (as reduced from time to time in accordance with the provision below).
This will include Transaction Accounting, General Business Journal, Vendor Payables, Associate invoices/billing/receivables and Trust Accounting.
DRC Non-Strategic Vendor Payables: Payment plans to be scheduled with a secondary payment focus or discounted proposals to be considered; unaffected by CCAA Plan.
If Buyer pays Vendor Payables as permitted in this paragraph, Seller will indemnify Buyer for the amounts paid as provided in Article VI.
DRC Strategic Vendor Payables: Payment plans to be scheduled with a priority payment focus; unaffected by CCAA Plan.
Borrowers will use the entire amount of the Vendor Payable Line to pay the Vendor Payables at such times as set forth in the Budget and in amounts not less than 90% of the weekly amounts set forth in the budget until the Vendor Payables Line is 100% utilized.
The Company shall be permitted to reduce its outstanding Qualified Vendor Payables; provided, however, that during any twelve month period the aggregate reduction of Qualified Vendor Payables shall not exceed $5.0 million and before making any such payment (A) no Default or Event of Default has occurred and is continuing or would occur after giving effect to such payment and (B) the Company’s Consolidated EBITDA for the most recent Four-Quarter Period is at least $50.0 million.
Current Liabilities = Vendor Payables + Accrued Liabilities + Accrued Compensation + Other Payables.
Exhibit D attached hereto sets forth a true and complete list of Borrower's current accounts payable for trade payables (the "Vendor Payables"), showing the name and address of the vendor, the date such trade payable was incurred and the total amount due by Borrower.
At each Closing, such Purchaser shall deliver to the Company, via wire transfer to an account designated by the Company, immediately available Dollars or by conversion or cancellation of indebtedness (including the Vendor Payables) equal to such Purchaser’s Subscription Amount, and the Company shall issue to such Purchaser its shares of Series C Preferred Stock in uncertificated form by reflecting such issuance on the Company’s books and records and a Warrant registered in the name of such Purchaser.