Common use of Accounts and Notes Receivable and Payable Clause in Contracts

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of the Seller and its Subsidiaries relating to the Business have arisen from bona fide transactions in the ordinary course of business consistent with past practices. (b) All material accounts payable of the Seller and its Subsidiaries relating to the Business included in the most recent Financial Statements or arising after the date thereof are the result of bona fide transactions in the ordinary course of business consistent with past practices.

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of the Seller Company and its Subsidiaries relating to the Business have arisen from bona fide transactions in the ordinary course Ordinary Course of business Business consistent with past practicespractice and are payable on ordinary trade terms, are properly reflected on the Company’s and the Subsidiaries’ books and records and properly reserved for with respect to doubtful accounts, all in accordance with GAAP. (b) All material accounts payable of the Seller Company and its Subsidiaries relating to the Business included reflected in the most recent Financial Statements Company balance sheets or arising after the date thereof are the result of bona fide transactions in the ordinary course Ordinary Course of business consistent with past practicesBusiness.

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of the Seller Businesses and its the Transferred Subsidiaries relating to included in the Business Assets have arisen from bona fide transactions in the ordinary course of business consistent with past practices, are payable on ordinary trade terms. (b) All material accounts payable of the Seller Businesses and its the Transferred Subsidiaries relating to reflected in the Business latest balance sheet included in the most recent Business Financial Statements or arising after the date thereof are the result of bona fide transactions in the ordinary course of business consistent with past practices.