Initial Receivables. Promptly following the execution of this Agreement, Buyer and Seller shall jointly prepare an itemized list and aging of all accounts receivable of the Seller as of May 27, 2000, excluding accounts receivable (i) outstanding more than 90 days as of May 27, 2000, (ii) not incurred in the ordinary course of business or (iii) uncollectible due to, inter alia, known returns, offsets, disputes with or business failure by the account debtor (the aggregate amount of such accounts receivable set forth on the Initial Receivables Statement being the "Initial Receivables Amount").
Appears in 2 contracts
Sources: Asset Purchase Agreement (Ddi Corp), Asset Purchase Agreement (Ddi Corp)