Common use of Payables Clause in Contracts

Payables. (a) On the Closing Date, the Seller will have no obligations to suppliers and vendors of goods and services and other trade creditors which are past due in accordance with their terms and in no event shall the Seller have any of such obligations outstanding for more than 60 days as of the Closing.

Payables. (a) On the Closing Date, the Seller will have no obligations to suppliers and vendors of goods and services and other trade creditors which are either (i) in excess of $1,000 in the aggregate or (ii) are past due in accordance with their terms and in no event shall the Seller have any of such obligations outstanding for more than 60 days as of the Closing.

Payables. (a) On the each Closing Date, with respect to the Stores not yet acquired by the Buyer, the Seller will have no obligations to suppliers and vendors of goods and services and other trade creditors which are past due in accordance with their terms and in no event shall the Seller have any of such obligations outstanding for more than 60 days as of the Closing.

Payables. (a) On the Closing Date, the Seller will have no obligations to suppliers and vendors of goods and services and other trade creditors in respect of the Stores which are past due in accordance with their terms and in no event shall the Seller have any of such obligations outstanding for more than 60 days as of the ClosingClosing (regardless of whether past due).

Payables. (a) On the Closing Date, the Seller will Sellers shall have no obligations to suppliers and vendors of goods and services and other trade creditors which are either (i) in excess of $1,000 in the aggregate or (ii) past due in accordance with their terms and in no event shall the Seller have any of such obligations outstanding for more than 60 days as of the Closing.