Company Receivables. Except to the extent of the amount of the allowance for doubtful accounts reflected in the Annual Statements and the Interim Statements, all the Receivables of the Company reflected therein, and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables that have been collected since such date), are valid and enforceable Claims subject to no known defenses, offsets, returns, allowances or credits of any kind, and constitute bona fide Receivables collectible in the ordinary course of the Business except as enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or similar laws or principles of equity affecting the enforcement of creditors rights generally.
Company Receivables. Except to the extent of the amount of the allowance for doubtful accounts reflected in the Interim Statements or as set forth in SCHEDULE 2.9, all the Receivables of the Company reflected therein, and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables that have been collected since such date) are valid and enforceable Claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. The Receivables are not subject to any defenses, offsets, returns, allowances or credits of any kind.
Company Receivables. As to the knowledge of Sellers, except to the extent of the amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet or as set forth in Schedule 2.7, all the Receivables of the Company reflected therein and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables that have been collected since such date) are valid and enforceable claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. The Receivables are subject to no valid defense, offsets, returns, allowances or credits of any kind, and are fully collectible within 90 days from their due date, except to the extent of the amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet. Except for Receivables, the Company has not made any loan or advance to any person.
Company Receivables. The Borrower has given reasonably equivalent value to the Company (which may include additional equity interests in the Borrower) in consideration for the transfer to the Borrower by the Company of the Settlements pursuant to the Seller Purchase Agreement, and no such transfer has been made for or on account of an antecedent debt owed by the Company to the Borrower."
Company Receivables. Except to the extent of the ------------------- amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet or as set forth on Schedule 2.7, all the Receivables of ------------ Delta reflected therein and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables as have been collected since such date) are valid and enforceable claims and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. To the Stockholders' knowledge, the Receivables are subject to no valid defense, offsets, returns, allowances or credits of any kind, and are fully collectible within 90 days from the date they are invoiced, except to the extent of the amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet. Except for Receivables, Delta has not made any loan or advance to any person.
Company Receivables. Except for any reserves for ------------------- doubtful accounts reflected in the Company Balance Sheet, all Receivables of the Company reflected in such Balance Sheet, and all Receivables that have arisen since the date thereof (except Receivables that have been collected since such date and except as set forth on Schedule 4.7), constitute bona fide Receivables ------------ resulting from the sale of goods and services in the ordinary course of business. To the Company's Knowledge, the Receivables are not subject to any valid defenses, offsets, returns, allowances or credits of any kind, and, to the Company's Knowledge, are fully collectible, except to the extent of the reserve for doubtful accounts reflected in the Company Balance Sheet and except as set forth on Schedule 4.7. Except for Receivables reflected in the Company Balance ------------ Sheet and except as set forth on Schedule 4.7, the Company has not made any loan ------------ or advance to any Person.
Company Receivables. Except for any reserves for ------------------- doubtful accounts reflected in Parent's August 31, 2000 balance sheet, all Receivables of Parent reflected in such balance sheet, and all Receivables that have arisen since the date thereof (except Receivables that have been collected since such date), are valid and enforceable claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of business. To Parent's Knowledge, the Receivables are not subject to any valid defenses, offsets, returns, allowances or credits of any kind, and, to Parent's Knowledge, are fully collectible within 60 days from their due date, except to the extent of the reserve for doubtful accounts reflected in Parent's August 31, 2000 balance sheet. Except for Receivables reflected in Parent's August 31, 2000 balance sheet, Parent has not made any loan or advance to any Person.
Company Receivables. Except to the extent of the amount of the reserve for doubtful accounts reflected in the Interim Statements or as set forth in Section 3.7 of the Company Letter, all the Receivables of the Company and the Subsidiary reflected in the Interim Statements and all Receivables that have arisen since the Last Balance Sheet Date (except Receivables that have been collected since such date) are valid and enforceable claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. There are no notes receivable or sales representative advances of either the Company or the Subsidiary except as have been issued or incurred in the ordinary course of business consistent with past practice or for less than $25,000 in the aggregate.
Company Receivables. Except to the extent of the amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet or as set forth in SCHEDULE 2.9, all the Receivables of the Company and each Subsidiary reflected therein, and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables as have been collected since such date) are valid and enforceable claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. Other than returns of unused admission tickets for credit to customer accounts, the Receivables are subject to no valid defense, offsets, returns, allowances or credits of any kind. Except for Receivables or as set forth in SCHEDULE 2.9, neither the Company nor any Subsidiary has made any loan or advance to any person.
Company Receivables. Except to the extent of the amount of the reserve for doubtful accounts reflected in the Latest Balance Sheet or as set forth in Schedule 2.9, all the Receivables of the Company and the Subsidiary reflected therein, and all Receivables that have arisen since the Latest Balance Sheet Date (except Receivables as have been collected since such date) are valid and enforceable claims, and constitute bona fide Receivables resulting from the sale of goods and services in the ordinary course of the Business. Except as referred to in Schedule 2.9 annexed hereto, the Receivables are not subject to any valid defense, offsets, returns, allowances or credits of any kind. Except for Receivables or as set forth in Schedule 2.9, neither the Company nor the Subsidiary has made any loan or advance to any person. Schedule 2.9 shall also set forth a
