SaRonix Payables

SaRonix Payables. Shall mean any accounts payable of SaRonix set forth on the most recent balance sheet of SaRonix delivered to Pericom pursuant to the Loan Agreement and any accounts payable incurred by SaRonix after the date of such balance sheet but prior to Closing; provided, however, that the definition of "SaRonix Payables" shall not include any account payable or other Liability (a) not incurred in the ordinary course of SaRonix's business, (b) resulting from the purchase of equipment, inventory, services... or otherwise that was not properly authorized pursuant to SaRonix's customary purchasing policies or (c) that is being disputed in good faith by SaRonix. View More