Common use of Payment of Accounts Payable Clause in Contracts

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. 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.