Common use of Accounts Receivable and Payable Clause in Contracts

Accounts Receivable and Payable. The Companies shall not accelerate the collection of their accounts receivable or delay the payments of their accounts payable or other Liabilities, in each case arising out of the operation of the Business in a manner which would be inconsistent with past practice.

Appears in 1 contract

Sources: Stock Purchase Agreement (Stonepath Group Inc)

Accounts Receivable and Payable. The Companies Company shall not accelerate the collection of their its accounts receivable or delay the payments of their its accounts payable or other Liabilities, in each case solely arising out of the operation of the Business in a manner which would be inconsistent with past practice.. 5.14

Appears in 1 contract

Sources: Asset Purchase Agreement (Sopheon PLC)

Accounts Receivable and Payable. The Companies Company shall not, and the Shareholder shall not cause the Company to, accelerate the collection of their its accounts receivable or delay the payments of their its accounts payable or other Liabilities, in each case arising out of the operation of the Business in a manner which would be inconsistent with past practice.

Appears in 1 contract

Sources: Asset Purchase Agreement (Patterson Dental Co)

Accounts Receivable and Payable. The Companies Company shall not accelerate the collection of their its accounts receivable or delay the payments of their its accounts payable or other Liabilities, in each case solely arising out of the operation of the Business in a manner which would be inconsistent with past practice.

Appears in 1 contract

Sources: Asset Purchase Agreement (Find SVP Inc)

Accounts Receivable and Payable. The Companies Company shall not accelerate the collection of their its accounts receivable or delay the payments of their its accounts payable or other Liabilities, in each case arising out of the operation of the Business in a manner which would be inconsistent with past practice.

Appears in 1 contract

Sources: Merger Agreement (Investors Real Estate Trust)