Bank Accounts and Receivables. Section 3.11 of the Target Disclosure Schedule sets forth the names and locations of all banks, trust companies, savings and loan associations, and other financial institutions at which Target maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.11 of the Target Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of Target as of the date of the Target Balance Sheet. Except as set forth on the Target Disclosure Schedule, all existing accounts receivable of Target (including those accounts receivable reflected on the Target Financial Statements that have not yet been collected and those accounts receivable that have arisen since September 30, 1999 and have not yet been collected) (i) represent valid obligations of customers of Target arising from bona fide transactions entered into in the ordinary course of business, and (ii) will, to the knowledge of Target, be collected in full when due, without any counterclaim or setoff, net of allowances therefor included in the Target Balance Sheet.
Bank Accounts and Receivables. Section 3.10 of the Concept Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which Concept maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.10 of the Concept Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of Concept as of April 30, 1998. Except as set forth on the Concept Disclosure Schedule all existing accounts receivable of Concept (including those accounts receivable reflected on the Concept Financial Statements that have not yet been collected and those accounts receivable that have arisen since April 30, 1998 and have not yet been collected) represent valid obligations of customers of Concept arising from bona fide transactions entered into in the ordinary course of business.
Bank Accounts and Receivables. Part 3.11 of the FlowWise Disclosure Statement sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which FlowWise maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Part 3.11 of the FlowWise Disclosure Statement sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of FlowWise as of October 31, 1999. Except as set forth on Part 3.11 of the FlowWise Disclosure Statement all existing accounts receivable of FlowWise (including those accounts receivable reflected on the FlowWise unaudited financial statements that have not yet been collected and those accounts receivable that have arisen since October 31, 1999, and have not yet been collected) represent valid obligations of customers of FlowWise arising from bona fide transactions entered into in the ordinary course of business.
Bank Accounts and Receivables. Part 3.10 of the Starfish Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which Starfish maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. The Starfish Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of Starfish as of March 31, 1998. Except as set forth on the Starfish Disclosure Schedule all existing accounts receivable of Starfish (including those accounts receivable reflected on the Starfish unaudited financial statements that have not yet been collected and those accounts receivable that have arisen since March 31, 1998 and have not yet been collected) represent valid obligations of customers of Starfish arising from bona fide transactions entered into in the ordinary course of business. A1-17
Bank Accounts and Receivables. Section 3.10 of the QIC Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which QIC maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.10 of the QIC Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of QIC as of December 31, 1997. Except as set forth on the QIC Disclosure Schedule all existing accounts receivable of QIC (including those accounts receivable reflected on the QIC Financial Statements that have not yet been collected and those accounts receivable that have arisen since December 31, 1997 and have not yet been collected) (i) represent valid obligations of customers of QIC arising from bona fide transactions entered into in the ordinary course of business, (ii) are current and will be collected in full when due, without any counterclaim or setoff (net of an allowance for doubtful accounts not to exceed One Hundred Thousand Dollars ($100,000) in the aggregate).
Bank Accounts and Receivables. Section 3.11 of the IUMA Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which IUMA maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.11 of the IUMA Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of IUMA as of the date of the Balance Sheet. Except as set forth on the IUMA Disclosure Schedule all existing accounts receivable of IUMA (including those accounts receivable reflected on the IUMA Financial Statements that have not yet been collected and those accounts receivable that have arisen since December 31, 1998 and have not yet been collected) (i) represent valid obligations of customers of IUMA arising from bona fide transactions entered into in the ordinary course of business, (ii) are current and will be collected in full when due, without any counterclaim or setoff.
Bank Accounts and Receivables. Section 3.11 of the Emusic Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan
Bank Accounts and Receivables. The Company has made available to Parent on the Diligence Site accurate information with respect to each account maintained by or for the benefit of Company at any bank or other financial institution. Subject to applicable reserves for bad debts shown on the Interim Balance Sheet, or, with respect to accounts receivable arising after the Interim Balance Sheet Date, on the accounting records of the Company, all accounts and notes receivable reflected on the Interim Balance Sheet are (i) valid, genuine and subsisting, and (ii) to Company’s Knowledge, subject to no defenses, offsets or counterclaims and Company has received no written notice that any such receivable is not collectible.
Bank Accounts and Receivables. Section 3.10 of the MCI Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which MCI maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.10 of the MCI Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of MCI as of the date of the Balance Sheet. Except as set forth on the MCI Disclosure Schedule all existing accounts receivable of MCI (including those accounts receivable reflected on the MCI Financial Statements that have not yet been collected and those accounts receivable that have arisen since May 31, 1998 and have not yet been collected) (i) represent valid obligations of customers of MCI arising from bona fide transactions entered into in the ordinary course of business, (ii) are current and will be collected in full when due, without any counterclaim or setoff (net of an allowance for doubtful accounts not to exceed Ten Thousand Dollars ($10,000) in the aggregate).
Bank Accounts and Receivables. Section 2.10 of the CTL Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which CTL maintains accounts of any nature and the names of all Persons authorized to draw thereon or make withdrawals therefrom. Section 2.10 of the CTL Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable and any other receivables of CTL as of December 31, 1997. Except as set forth in Section 2.10 of the CTL Disclosure Schedule, all existing accounts receivable of CTL (including those accounts receivable reflected on the CTL Financial Statements that have not yet been collected and those accounts receivable that have arisen since October 26, 1997 and have not yet been collected) (a) represent valid obligations of customers of CTL arising from bona fide transactions entered into in the ordinary course of business and (b) are current and to the knowledge of INTERCELL will be collected in full (net of reserves) when due, without any counterclaim or setoff.
