Common use of Accounts Receivable and Accounts Payable Clause in Contracts

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of the Company as of the end of the calendar month preceding the date hereof has been furnished to the Buyer. All of the accounts receivable of the Company are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the Company and the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-offs or counter-claims, other than set-offs from the purchase of inventory by the Company and returns, in each case in the Ordinary Course of Business. Except as otherwise reflected or reserved for in the Financial Statements such accounts receivable are collectible in the Ordinary Course of Business.

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of the Company as of the end of the calendar month preceding the date hereof has been furnished to the Buyer. All of the accounts receivable of the Company are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the Company Company, and to the Company’s Knowledge, the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-offs or counter-claims, other than set-offs from the purchase of inventory by the Company and returns, in each case in the Ordinary Course of Business. Except as otherwise reflected or reserved for in the Financial Statements Statements, to the Company’s Knowledge, such accounts receivable are collectible in the Ordinary Course of Business.

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of the Company as of the end of the calendar month preceding the date hereof has been furnished to the Buyer. All Except as set forth on Schedule 4.33, to the Knowledge of the Shareholders, all of the accounts receivable of the Company are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the Company Company, and the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-offs or counter-claims, other than set-offs from the purchase of inventory by the Company and returns, in each case in the Ordinary Course ordinary course of Businessbusiness consistent with past practice. Except as otherwise reflected or reserved for in the Financial Statements to the Knowledge of the Shareholders, such accounts receivable are collectible in the Ordinary Course ordinary course of Businessbusiness.

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of the Company as of the end of the calendar month preceding the date hereof has been furnished to the Buyer. All Except as set forth on Schedule 4.33, all of the accounts receivable of the Company are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the Company Company, and the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-offs or counter-claims, other than set-offs from the purchase of inventory by the Company and returns, in each case in the Ordinary Course ordinary course of Businessbusiness consistent with past practice. Except as otherwise reflected or reserved for in the Financial Statements Statements, such accounts receivable are collectible in the Ordinary Course ordinary course of Businessbusiness.

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of the Company as of the end of the calendar month preceding the date hereof July 31, 2015 has been furnished to the Buyer. All of the accounts receivable of the Company are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the Company Company, and to Shareholder's Knowledge, the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-offs or counter-claims, other than set-offs from the purchase of inventory by the Company and returns, in each case in the Ordinary Course ordinary course of Businessbusiness consistent with past practice. Except as otherwise reflected or reserved for in the Financial Statements Statement to the Seller's Knowledge, such accounts receivable are collectible in the Ordinary Course ordinary course of Businessbusiness.

Accounts Receivable and Accounts Payable. A true and correct aged (30-60-90 days) list of all accounts receivable and accounts payable of each of the Company Companies as of the end of the calendar month preceding the date hereof has been furnished to the Buyer. All Except as set forth on Schedule 4.30, to the best of Shareholder's Knowledge all of the accounts receivable of each of the Company Companies are actual and bona fide accounts receivable representing obligations for the total dollar amount thereof showing on the books of the such Company and the accounts receivable are not and the accounts receivable as of the Closing Date will not be subject to any recoupments, set-set offs or counter-claims, other than set-set offs from the purchase of inventory by the such Company and returnsreturns , in each case in the Ordinary Course ordinary course of Businessbusiness consistent with past practice. Except as otherwise reflected or reserved for in the Financial Statements Statements, such accounts receivable are collectible in the Ordinary Course ordinary course of Businessbusiness.