Common use of Payables Clause in Contracts

Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of each of the Companies have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of each of the Companies are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since October 31, 2010 in the amount or delinquency of accounts payable of any of the Companies, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

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Payables. Except as set forth in Section 4.25 4.24 of the Disclosure Schedule, all accounts payable of each of the Companies Company have arisen in the ordinary course of business consistent with past practicebusiness. All items which are required by GAAP to be reflected as payables in on the Financial Statements and on the books and records of each of the Companies Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since October 31April 30, 2010 2007 in the amount or delinquency of accounts payable of any of the Companies, either individually or in the aggregateCompany.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Steven Madden, Ltd.)

Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of each of the Companies Company have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of each of the Companies Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since October December 31, 2010 2009 in the amount or delinquency of accounts payable of any of the CompaniesCompany, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

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Payables. Except as set forth in Section 4.25 of the Disclosure Schedule, all accounts payable of each of the Companies have arisen in the ordinary course of business consistent with past practice. All items which are required by GAAP to be reflected as payables in the Financial Statements and on the books and records of each of the Companies Company are so reflected and have been recorded in accordance with GAAP and in a commercially reasonable manner. There has been no material adverse change since October December 31, 2010 2005 in the amount or delinquency of accounts payable of any either of the Companies, either individually or in the aggregate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steven Madden, Ltd.)

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