Common use of Collectibility of Accounts Receivable Clause in Contracts

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.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Voyager Net Inc), Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Voyager Net Inc)

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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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Voyager Net Inc)

Collectibility of Accounts Receivable. All of the Accounts Receivable of each 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. No Seller has no any accounts or loans receivable from any person, firm or corporation which is affiliated with any Seller or from any director, officer or employee of any Seller, or from any of their respective spouses or family members.

Appears in 1 contract

Samples: Asset Purchase Agreement (Voyager Net Inc)

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, claims not subject to no setoff any setoffs or counterclaim counterclaims 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 membersmembers (excluding travel advances).

Appears in 1 contract

Samples: Asset Purchase Agreement (Fortune Diversified Industries Inc)

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 member or employee of Seller, or from any of their respective spouses or family members.

Appears in 1 contract

Samples: Asset Purchase Agreement (Voyager Net Inc)

Collectibility of Accounts Receivable. All Except as set forth on Schedule 2.18, each 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 set off 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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 set off 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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Collectibility of Accounts Receivable. All of the Accounts Receivable of Seller and Subsidiary are or will be as of the First 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. Neither Seller has no nor Subsidiary have any accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or Subsidiary or from any director, officer or employee of SellerSeller or Subsidiary, or from any of their respective spouses or family members.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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 Seller has no actual notice that any of the accounts receivable are collectible uncollectible 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Collectibility of Accounts Receivable. All To the knowledge of Seller and the Principal Shareholders, 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 set off 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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 set off or counterclaim and and, to Seller's knowledge 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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