Payment of Accounts Payable Sample Clauses
The Payment of Accounts Payable clause establishes the obligation and process for one party to pay outstanding amounts owed to suppliers or service providers. Typically, this clause outlines the timeline for payment, acceptable methods, and any conditions that must be met before payment is made, such as receipt of an invoice or satisfactory delivery of goods. Its core function is to ensure timely and predictable settlement of debts, thereby maintaining good business relationships and avoiding disputes over unpaid accounts.
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Payment of Accounts Payable. Pay any accounts payable of the Stations other than in the ordinary course of business consistent with past practice.
Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty (60) days after due date, except such as are (i) being contested in good faith and as to which adequate provision or accrual has been made, or (ii) the subject of usual and customary review and evaluation.
Payment of Accounts Payable. The Borrower will not allow any account payable to be in excess of sixty (60) days past due, except such as are being Contested in Good Faith.
Payment of Accounts Payable. Allow any account payable to remain unpaid after its due date, except such as are overdue that are acceptable to Bank, are being contested in good faith, and as to which adequate provision or accrual has been made.
Payment of Accounts Payable. Seller shall, and shall cause its Affiliates to, pay all accounts payable and any other amounts owed by them, including accrued liabilities, to any third parties in accordance with their terms.
Payment of Accounts Payable. Within 60 days of the Closing Date, ARC shall have paid in full all of its outstanding accounts payable as of the Closing Date, other than amounts which are the subject of a bona fide dispute (the "ARC Payables").
Payment of Accounts Payable. Within 60 days of the Closing Date, Seller shall have paid in full all of its outstanding accounts payable as of the Closing Date, other than amounts which are the subject of a bona fide dispute (the "Seller Payables").
Payment of Accounts Payable. On or before the Closing Date, the Seller shall pay all accounts payable which the Seller receives more than thirty (30) days before the Closing Date.
Payment of Accounts Payable. Pay its accounts payable not later than thirty (30) days after their due date, except such as are being contested in good faith and as to which adequate provision or accrual has been made, provided that up to an aggregate amount of $500,000 of accounts payable not being so contested may be overdue by more than such number of days.
Payment of Accounts Payable. Except for those amounts expressly enumerated in Schedule 1.3(e) (as may be updated by the Parties from time to time) as an unpaid accounts payable constituting Assumed Contracts, no later than concurrent with or as soon as reasonably practicable following the Closing, Seller shall pay (i) all of its accounts payable that are payable to Persons engaged in the manufacture, shipment or storage of the Inventory and (ii) any other payables which, if not paid, would reasonably be expected to have a material adverse effect on Purchaser's conduct of the Business following the Closing.