245 Extended Payment Due Date

245 Extended Payment Due Date. Means with respect to Obligations arising from Financed Inventory up to the Sublimit (after first subtracting all loans extended under the Revolving Credit Facility) the Tuesday nearest the 120th day from the date of the invoice, however, if such 120th day occurs on any Wednesday through any Saturday, then such payment shall be due on the Tuesday Page 10 of 23 immediately preceding the 120th day from the date of the TS, unless such Tuesday is not a Business Day, then such payment... shall be due on the immediately preceding Business Day. View More