Common use of Accounts Receivable; Accounts Payable Clause in Contracts

Accounts Receivable; Accounts Payable. (a) The accounts receivable of the Company reflected on the Company Balance Sheet and the accounts receivable that have arisen after the Balance Sheet Date (i) have arisen from bona fide transactions entered into by the Company involving the sale of goods or the rendering of services in the ordinary course of business consistent with past practice; (ii) constitute only valid, undisputed claims of the Company not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the ordinary course of business consistent with past practice; and (iii) subject to a reserve for bad debts shown on the Interim Financial Statements or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company, are collectible in full within ninety (90) days after billing or, in the case of international sales, within 120 days after billing. The reserve for bad debts shown on the Interim Financial Statements or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company have been determined in accordance with GAAP consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.

Accounts Receivable; Accounts Payable. (a) The accounts receivable of the Company reflected on the Company Balance Sheet and the accounts receivable that have arisen after the Balance Sheet Date (i) have arisen from bona fide transactions entered into by the Company involving the sale of goods or the rendering of services in the ordinary course of business consistent with past practice; (ii) constitute only valid, undisputed claims of the Company not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the ordinary course of business consistent with past practice; and (iii) subject to a reserve for bad debts shown on the Interim Financial Statements or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company, are collectible in full within ninety (90) days after billing or, in the case of international sales, within 120 days after billing. The reserve for bad debts shown on the Interim Financial Statements or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company have been determined in accordance with GAAP consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.. (b) The Company is not delinquent in its payment of any accounts payable or accrued liability, and no such accounts payable or accrued liabilities have been deferred (regardless of whether the Company and such third party have agreed to such deferral). 3.28

Accounts Receivable; Accounts Payable. (a) The accounts receivable of the Company reflected on the Company Most Recent Balance Sheet and the accounts receivable that have arisen arising after the Balance Sheet Date date thereof and until the Closing (ia) have arisen from bona fide transactions entered into by the Company and its Subsidiaries involving the sale of goods or the rendering of services in the ordinary course Ordinary Course of business consistent with past practice; Business, and (iib) constitute only valid, undisputed claims of the Company and its Subsidiaries not subject to claims of set-off or other defenses or counterclaims (other than normal cash discounts accrued in the ordinary course Ordinary Course of business consistent with past practice; and (iii) subject to a reserve for bad debts shown on the Interim Financial Statements or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company, are collectible in full within ninety (90) days after billing or, in the case of international sales, within 120 days after billingBusiness). The reserve for bad debts shown on the Interim Financial Statements Most Recent Balance Sheet or, with respect to accounts receivable arising after the Balance Sheet Date, on the accounting records of the Company and its Subsidiaries have been determined in accordance with GAAP GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes. The accounts payable and accruals of the Company and each of its Subsidiaries have arisen in bona fide arm’s-length transactions in the Ordinary Course of Business, and the Company and each of its Subsidiaries has been paying its accounts payable as and when due.

Accounts Receivable; Accounts Payable. (a) The accounts receivable of the Company Accounts Receivable reflected on the Company Balance Sheet and the accounts receivable that have arisen Accounts Receivable arising after the Balance Sheet Date date thereof (i) have arisen from bona fide transactions entered into by the Company Seller involving the sale of goods or the rendering of services in the ordinary course of business consistent with past practice; (ii) constitute only valid, undisputed claims of the Company Seller not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the ordinary course of business consistent with past practice; and (iii) subject to a the reserve for bad debts shown on the Interim Financial Statements Balance Sheet or, with respect to accounts receivable Accounts Receivable arising after the Balance Sheet Date, on the accounting records of the CompanyBusiness, are collectible in full within ninety thirty (9030) days after billing or, in the case of international sales, within 120 days after billing. The reserve for bad debts shown on the Interim Financial Statements Balance Sheet or, with respect to accounts receivable Accounts Receivable arising after the Balance Sheet Date, on the accounting records of the Company Business, have been determined in accordance with GAAP GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes.