Common use of Payment of Accounts Payable Clause in Contracts

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.

Appears in 7 contracts

Sources: Revolving Credit Agreement (Energy Partners LTD), Credit Agreement (Tengasco Inc), Reducing Revolving Credit Agreement (Energy Partners LTD)

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.

Appears in 1 contract

Sources: Loan Agreement (Saba Petroleum Co)

Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty ninety (6090) 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.

Appears in 1 contract

Sources: Loan Agreement (Nde Environmental Corp)

Payment of Accounts Payable. Allow any account payable to remain unpaid more than sixty ninety (6090) days after due datethe date of the invoice therefor, 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.

Appears in 1 contract

Sources: Term and Revolving Credit Agreement (Continental Resources Inc)