Collectibility of Accounts Receivable Sample Clauses

Collectibility of Accounts Receivable. All of the Accounts Receivable of Seller are or will be as of the Closing Date bona fide, valid and enforceable claims, subject to no setoff or counterclaim and to Seller's knowledge are collectible in accordance with their terms. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, or from any of their respective spouses or family members.
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Collectibility of Accounts Receivable. All of the accounts and notes ------------------------------------- receivable of the Companies or any Subsidiary shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Neither Company nor any Subsidiary has any accounts or loans receivable from any person, firm or corporation which is affiliated with either Company or any Subsidiary or from any director, officer or employee of either Company or any Subsidiary, except as disclosed in Schedule 2.12 attached hereto, and all ------------- accounts and loans receivable of Amerivend from any such person, firm or corporation shall be paid in cash prior to the Closing, or shall be included in indebtedness of Amerivend in accordance with Section 1.03 hereof.
Collectibility of Accounts Receivable. The Accounts Receivable are bona fide, good and collectible at the aggregate recorded amounts within 120 days of the Closing Date, except to the extent of any reserves provided for such accounts in the Books and Records of the Company, which reserves have been established in accordance with generally accepted accounting principles and are adequate. The Accounts Receivable are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. The Accounts Receivable are good and collectible at the aggregate recorded amounts, except to the extent of any reserves provided for such accounts in the Books and Records and to be provided for in the Balance Sheet, and are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. All of the accounts receivable ------------------------------------- of the Seller (less the reserve for bad debts set forth on the Base Balance Sheet) are valid and enforceable claims, are not subject to set-off or counterclaim except for adjustments and carryovers in the ordinary course of business, provided that the foregoing representation is not a guarantee of collectibility. Seller does not have any accounts receivable or loans receivable from any person, firm or corporation which is affiliated with Seller or from any stockholder, director, officer or employee of Seller or any affiliate thereof. Schedule 2.8 lists the accounts receivable of the Seller as ------------ of May 1, 1998.
Collectibility of Accounts Receivable. All of the accounts receivable of the Company shown in the financial statements included or incorporated by reference in the Company SEC Reports or acquired thereafter are valid obligations arising from sales actually made or services actually performed by the Company in the ordinary course of business. Except as reserved against in the financial statements included or incorporated by reference in the Company SEC Reports, such accounts receivable are or will be collectible in full and are not subject to any setoff or counterclaim (other than returns in the ordinary course of business of the Company). The Company has no accounts or loans receivable from any Person which is affiliated with the Company or from any director, officer or employee of the Company.
Collectibility of Accounts Receivable. All of the accounts ------------------------------------- receivable of the Company shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. The Company does not have any accounts or loans receivable from any person, firm or corporation which is affiliated with the Company or from any director, officer or employee of the Company, except as disclosed in Schedule 2.12 attached hereto, and all accounts ------------- and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
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Collectibility of Accounts Receivable. To the Company's knowledge, all of the accounts receivable of the Company and the Company Subsidiaries shown in the consolidated financial statements included or incorporated by reference in the Company SEC Reports or acquired thereafter are valid and enforceable claims, fully collectible and subject to no setoff or counterclaim, less appropriate allowances for uncollectable accounts to the extent reflected in the Company SEC Reports. Except as set forth in Section 5.22 of the Company Disclosure Schedule, the Company has no accounts or loans receivable from any person, firm or corporation which is affiliated with the Company or any Company Subsidiary or from any director, officer or employee of the Company or any Company Subsidiary.
Collectibility of Accounts Receivable. All of the accounts receivable of Seller (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, except as disclosed on Schedule 2.09, and all accounts and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
Collectibility of Accounts Receivable. The accounts receivable of Borrowers which are shown on the August 31, 1999 balance sheet or thereafter acquired by Borrowers are good and collectible at the aggregate recorded amounts thereof (subject to no defense, counterclaim or set-off) except to the extent of the reserves provided for such receivables on such balance sheet and all such accounts receivable arose in the normal course of the business of Borrowers.
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