Receivables of Seller Sample Clauses

Receivables of Seller. Seller has previously delivered to Buyer a --------------------- complete list of all receivables of Seller relating to the Orthodontic Business as of November 30, 1997, including accounts receivable, notes receivable and insurance proceeds receivable. To the knowledge of Seller and Shareholder, all of the receivables listed thereon or set forth or reflected in the November 30 Balance Sheet, were, as of the dates as of which the information is given therein, and as of the Closing Date will be valid accounts receivable which are or will be current and collectible.
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Receivables of Seller. Seller has previously delivered to Buyer a complete list of all receivables of Seller as of December 15, 1999, including accounts receivable, notes receivable and insurance proceeds receivable, which lists is attached hereto as Schedule 4.8. Except for any reserve for bad debts shown on the Acquired ------------ Business' unaudited balance sheet as of November 25, 1999, were, as of the dates as of which the information is given therein, and as of the Closing Date will be valid accounts receivable which are or will be current and collectible subject to the terms of payment as shall have been agreed upon between Seller and each customer and as have been disclosed by Seller to Buyer, and, except as set forth on Schedule 4.8, are not subject to any setoff or adjustment. ------------
Sample 1
Receivables of Seller. (a) Each of the Accounts Receivable (i) is legal, valid, binding and enforceable by Seller against the Obligor thereunder in accordance with its terms, except as may be limited by the Bankruptcy and Equity Exception, (ii) has arisen out of a bona fide transaction and (iii) to Seller's Knowledge, is not subject to any defense, offset, claim, right of rescission or counterclaim of the Obligor thereunder.
Sample 1
Receivables of Seller. Seller has previously delivered to Buyer a complete list of all Receivables of Seller as of September 30, 2001, including accounts receivable, notes receivable and insurance proceeds receivable, which lists are attached hereto as SCHEDULE 4.8. Except for any reserve for bad debts shown on the September 30 Balance Sheet, all of the receivables listed thereon or arising since the date thereof were, as of the dates as of which the information is given therein, and as of the Closing Date will be valid Receivables which are or will be current and/or have the aging set forth in SCHEDULE 4.8 and shall otherwise be subject to the terms of payment as shall have been agreed upon between Seller and each customer and as have been disclosed by Seller to Buyer. The allowance for doubtful accounts reflected on the September 30 Balance Sheet and on the books of Seller were determined in accordance with GAAP and were and are reasonable in light of historical data and other relevant information.
Sample 1
Receivables of Seller. Seller has previously delivered to Buyer a --------------------- complete list of all receivables of Seller as of December 31, 1997, including accounts receivable, notes receivable and insurance proceeds receivable. Except for any reserve for bad debts shown on the Closing Date Balance Sheet, and except as otherwise revealed in the audit performed by BDO Xxxxxxx, all of the receivables listed thereon or set forth or reflected in the Closing Date Balance Sheet, were, as of the dates as of which the information is given therein, and as of the Closing Date will be valid accounts receivable which are or will be current and collectible subject to the terms of payment as shall have been agreed upon between Seller and each customer and as have been disclosed by Seller to Buyer, and, except as set forth on SCHEDULE 4.8 are not subject to any ------------ settoff or adjustment.
Sample 1

Related to Receivables of Seller

  • Receivables (a) Other than in the ordinary course of business consistent with its past practice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof.

  • Assignment of Administrative Receivables and Warranty Receivables Upon receipt of the Administrative Purchase Payment or the Warranty Payment with respect to an Administrative Receivable or a Warranty Receivable, respectively, the Owner Trustee shall assign, without recourse, representation or warranty, to the Servicer or the Warranty Purchaser, as applicable, all of the Issuing Entity’s right, title and interest in, to and under, and the Indenture Trustee shall be deemed automatically to have released its security interest in such Administrative Receivable or Warranty Receivable, all monies due thereon, the security interests in the related Financed Vehicle, proceeds from any Insurance Policies, proceeds from recourse against a Dealer on such Receivable and the interests of such Person or the Issuing Entity, as applicable, in rebates of premiums and other amounts relating to the Insurance Policies and any document relating thereto and all other related Purchased Property, such assignment being an assignment outright and not for security; and the Servicer or the Warranty Purchaser, as applicable, shall thereupon own such Receivable, and all such security and documents, free of any further obligations to the Indenture Trustee, the Owner Trustee, the Noteholders or the Certificateholders with respect thereto. If in any Proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Indenture Trustee or the Owner Trustee, as applicable, shall, at the Servicer’s expense, take such steps as the Servicer deems necessary to enforce the Receivable, including bringing suit in the name of such Person or the names of the Noteholders or the Certificateholders.

  • Purchased Contracts The obligation of CNHCR to purchase the Purchased Contracts is subject to the satisfaction of the following conditions:

  • Receivables and Payables Lessee shall be entitled to retain all cash, bank accounts and house banks, and to collect all Gross Revenues and accounts receivable accrued through the termination date. Lessee shall be responsible for the payment of Rent, all Gross Operating Expenses and all other obligations of Lessee accrued under this Lease as of the termination date, and Lessor or Lessor’s nominee shall be responsible for all Gross Operating Expenses of the Hotel accruing after the termination date.

  • Conveyance of Subsequent Receivables In consideration of the Issuer's delivery to or upon the order of the Seller of $____________, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse (except as expressly provided in the Sale and Servicing Agreement), all right, title and interest of the Seller in and to:

  • Accounts Receivables The accounts receivable reflected on the Financial Statements and all accounts receivable arising thereafter have arisen from actual and bona-fide transactions in the Ordinary Course of Business consistent with the past practice and are valid and enforceable against the obligors of such accounts receivable, and other than cash discounts in the Ordinary Course of Business consistent with past practices or reserves for bad-debts accrued in accordance with the Accounting Principle, there have been no claims, or any threat of any such claims, of set-off, refusal of payment or other counterclaims relating to the existence thereof or all or any part of the amount thereof. The accounts receivables are collectible in full in accordance with the Ordinary Course of Business consistent with past practice.

  • Bank Accounts; Receivables (a) Part 2.7(a) of the Disclosure Schedule provides accurate information with respect to each account maintained by or for the benefit of the Company at any bank or other financial institution.

  • Additional Receivables On each Distribution Date during the Revolving Period, the Depositor shall purchase from the Seller and sell to the Issuing Entity Additional Receivables in an amount approximately equal to (but not greater than) the amount of funds deposited on such Distribution Date in the Accumulation Account pursuant to clauses (vii) and (ix) of Section 4.06(c) of this Agreement. Subject to the satisfaction of the conditions set forth in Section 2.07, in consideration of the Issuing Entity’s delivery on or prior to any Subsequent Closing Date to the Depositor of an amount equal to the Aggregate Additional Receivables Principal Balance for such date, on each Subsequent Closing Date the Depositor shall, pursuant to this Agreement and the related Second Step Additional Receivables Assignment in the form attached as Exhibit C to this Agreement (the “Second Step Additional Receivables Assignment” and together with the Second Step Initial Receivables Assignment, the “Second Step Receivables Assignments”), sell, transfer, assign and otherwise convey to the Issuing Entity, without recourse:

  • Sale and Servicing Agreement As a condition to the sale hereunder, World Omni agrees to make the representations and warranties to WOAR in respect of the Receivables and the pool of Receivables set forth in Sections 3.01(a) and (b) of the Sale and Servicing Agreement, and in that connection agrees to execute the Sale and Servicing Agreement. World Omni agrees that WOAR may rely on such representations and warranties in accepting the Receivables.

  • Sales of Receivables Sell, transfer, discount or otherwise dispose of notes, accounts receivable or other obligations owing to the Company or any Subsidiary of the Company, with or without recourse, except for collection in the ordinary course of business.

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