Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's knowledge, are current and collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 10 contracts
Samples: Agreement and Plan of Merger (Cardiff International Inc), Employment Agreement (Reflect Scientific Inc), Securities Purchase Agreement and Plan of Reorganization (Pu Chong Liang)
Receivables and Payables. (ac) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on the Balance Sheet in Company Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Gulf & Orient Steamship Company, Ltd.), Agreement and Plan of Merger (Westcott Products Corp), Agreement and Plan of Merger (Java Express Inc)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on the Balance Sheet in Company Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Dala Petroleum Corp.), Agreement and Plan of Merger (Dala Petroleum Corp.), Agreement and Plan of Merger (Mondial Ventures, Inc.)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Kentex Petroleum Inc), Agreement and Plan of Merger (Northern Oil & Gas, Inc.)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's knowledge, are current and collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Autoline Group Inc), Agreement and Plan of Merger (Syntony Group Inc)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's knowledge, are current and collectible net of any reserves shown on the Most Recent Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and are current and, to the Company's knowledge, are current and collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Samples: Agreement and Plan of Merger (PivX Solutions, Inc.)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on the Company Balance Sheet and none of such receivables is subject to any Lien Encumbrance other than a Permitted Lien.
Appears in 1 contract
Receivables and Payables. (ac) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on the Balance Sheet in Company Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.. 7
Appears in 1 contract
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's ’s knowledge, are current and collectible net of any reserves shown on in the Balance Sheet Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Samples: Leak Out Agreement (Network Dealer Services Holding Corp.)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's knowledgeknowledge of the Company Principal Shareholders, are current and collectible net of any reserves shown on the Latest Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Wizzard Software Corp /Co)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company's knowledge, are current and collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company and its subsidiaries represent sales in the ordinary course of business and, to the Company's knowledgebusiness, are current and to the Company’s knowledge, collectible net of any reserves shown on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 1 contract
Samples: Securities Purchase Agreement (Wyoming Oil & Minerals Inc)
