Common use of Collectibility of Accounts Receivable Clause in Contracts

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. 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 of Amerivend 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. All Except as set forth on ------------------------------------- Schedule 2.10, all of the accounts and notes ------------------------------------- receivable of the Companies Company or any Subsidiary ------------- shown or reflected on the Base Interim Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Interim Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Neither the Company nor any Subsidiary has any accounts or loans receivable from any person, firm or corporation which is affiliated with either the Company or any Subsidiary or from any director, officer or employee of either the Company or any Subsidiary, except as disclosed in on Schedule 2.12 attached -------- 2.10 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.