Inventory and Accounts Receivable. (a) Except as disclosed on Schedule 4.10, to the Shareholders’ Knowledge, the Company’s Inventory is fit for the purposes for which it was purchased.
Inventory and Accounts Receivable. (a) All inventory set forth or reflected in the Balance Sheet, or acquired by the Company since the Balance Sheet Date, consists of a quality and quantity usable and saleable by the Company in the ordinary course of its business. The value at which inventories are carried on the Balance Sheet reflects the normal inventory valuation policy of the Company, on a basis consistent with that of preceding period, of stating inventory at its lower of cost or market value, and, consistent therewith, all non-current or obsolete inventory held by the Company on the Balance Sheet Date has been valued at its current market value on the Balance Sheet. Schedule 3.06(a) sets forth a true and complete listing of all inventory owned by the Company the fair market value of which exceeds one hundred dollars ($100), together with the date such inventory was acquired, the original cost of such inventory, the date(s) on which such inventory was written down from its original cost and the current quantity of such inventory on hand.
Inventory and Accounts Receivable. (a) All inventory set forth or reflected in the Balance Sheet, or acquired by the Company since the Balance Sheet Date, consists of a quality and quantity usable and saleable by the Company in the Ordinary Course. The value at which inventories are carried on the Balance Sheet reflects the normal inventory valuation policy of the Company, on a basis consistent with that used in the preparation of the audited balance sheet of Company at December 31, 1997, of stating inventory at its lower of cost or market value.
Inventory and Accounts Receivable. (a) Except as disclosed on Schedule 4.9(a), the Company’s Inventory is fit for the purpose for which it was purchased and is not obsolete, damaged or defective.
Inventory and Accounts Receivable. Borrower shall promptly notify Lender in writing upon any Eligible Account ceasing to be or being determined to have been incorrectly identified as an Eligible Account. Borrower shall provide Lender with such reports and records concerning Inventory, Accounts, and accounts payable as Lender may reasonably request.
Inventory and Accounts Receivable. Geo does not have any inventory or accounts receivable.
Inventory and Accounts Receivable. The description of the Inventory contained in Schedule 4.5 is complete and accurate as of the Effective Time. Since December 31,1999 there have been no material changes to the Inventory, other than changes in the ordinary course of business. The description of the Accounts Receivable contained in Schedule 2.1(m) is complete and accurate as of the Effective Time. The Accounts Receivable constitute all of the Accounts Receivable of the Business related to the Purchased Assets. Such Accounts Receivable were generated in the ordinary course of the Business. There is not and will not be any liability of Seller for any refunds, allowances or returns in respect of products imported, marketed, sold, distributed or shipped by or for the account of Seller on or prior to the Closing Date.
Inventory and Accounts Receivable. Except for the inventory and accounts receivable which Inland Refining purchased in connection with the sale of the Sound Refinery to SJCC, Inland Refining shall not purchase or have any ownership interest in any inventory or accounts receivable located on, arising from or associated with the Sound Refinery.
Inventory and Accounts Receivable. All inventory and accounts receivable of the Seller as of the Closing, including Seller's interest in equipment which has been expensed but not capitalized, more fully described in Schedule 1.06.
Inventory and Accounts Receivable. (i) Each of the Company and the Subsidiaries has adequate and sufficient inventories of supplies for the conduct of its business in the ordinary course, and all inventories of the Company and the Subsidiaries are in good, usable and merchantable condition.
