Receivables; Customers. (a) All existing accounts receivable of the Acquired Corporations represent valid obligations of customers of the Acquired Corporations arising from bona fide transactions entered into in the ordinary course of business.
Receivables; Customers. All existing accounts receivable of the Acquired Corporations (including those accounts receivable reflected on the Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since March 31, 2000 and have not yet been collected) represent valid obligations of customers of the Acquired Corporations arising from bona fide transactions entered into in the ordinary course of business. Between March 31, 2000 and the date of this Agreement, none of the Acquired Corporations has written off as uncollectible, or established any extraordinary reserve with respect to, any account receivable or other indebtedness. The Company has not received any notice or other communication (in writing or otherwise), and, to the Knowledge of the Company, has not received any other information, indicating that (a) any customer is likely to cease dealing with the Company, or (b) any customer is dissatisfied in any material respect with the operation of any product, system or program currently maintained, sold or licensed by any of the Acquired Corporations or with any services performed by any of the Acquired Corporations since June 30, 1999.
Receivables; Customers. (a) All existing accounts receivable of the Company and each of its subsidiaries (i) represent valid obligations of customers of the Company or its subsidiaries, as the case may be, arising from bona fide transactions entered into in the ordinary course of business, and (ii) to the Company's knowledge, will be collected in full without any counterclaim or set off (net of an allowance for doubtful accounts consistent with past practices).
Receivables; Customers. (a) All existing accounts receivable of the Acquired Corporations (including those accounts receivable reflected on the Company Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since March 31, 2007, and have not yet been collected) (i) represent valid obligations of customers of the Acquired Corporations arising from bona fide transactions entered into in the ordinary course of business, (ii) are aged as set forth in Part 2.7(a) of the Company Disclosure Schedule and, to the Company’s Knowledge, will be collected in full when due, without any counterclaim or set off (net of an allowance for doubtful accounts not to exceed $300,000 in the aggregate).
Receivables; Customers. Except as set forth on Part 2.7 of the Company Disclosure Schedule, all existing accounts receivable of the Company (including those accounts receivable reflected on the Company Unaudited Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the Balance Sheet Date and have not yet been collected): (a) represent valid obligations of customers of the Company arising from bona fide transactions entered into in the ordinary course of business; and (b) are current and, to the knowledge of the Shareholders, will be collected in full in the ordinary course of business, without any counterclaim or set off, subject to an allowance for doubtful accounts reserved on the Company Unaudited Balance Sheet. Since the Balance Sheet Date, the Company has not made any loan to any Associate of the Company, other than routine travel advances made to employees in the ordinary course of business. Part 2.7 of the Company Disclosure Schedule accurately identifies, and provides an accurate and complete breakdown of the revenues received from, those customers of the Company in each of the fiscal years ended December 31, 2004 and December 31, 2003, which accounted for greater than 95% of the Company's revenues in each of the fiscal years ended December 31, 2004 and December 31, 2003, respectively. Except as set forth in Part 2.7(c) of the Company Disclosure Schedule, the Company has not received any written notice or other written communication or written information indicating that any customer identified in Part 2.7 of the Company Disclosure Schedule may cease dealing with the Company or may otherwise materially reduce the volume of business transacted by such Person with the Company below current levels.
Receivables; Customers. Except as set forth on Part 3.7 of the Purchaser Disclosure Schedule, all existing accounts receivable of the Purchaser (including those accounts receivable reflected on the Purchaser Unaudited Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the Balance Sheet Date and have not yet been collected): (a) represent valid obligations of customers of the Purchaser arising from bona fide transactions entered into in the ordinary course of business; and (b) are current and, to the knowledge of the Purchaser, will be collected in full in the ordinary course of business, without any counterclaim or set off, subject to an allowance for doubtful accounts reserved on the Purchaser Unaudited Balance Sheet. Since the Balance Sheet Date, the Purchaser has not made any loan to any Associate of the Purchaser, other than routine travel advances made to employees in the ordinary course of business. Part 3.7 of the Purchaser Disclosure Schedule accurately identifies, and provides an accurate and complete breakdown of the revenues received from, each of the two (2) largest customers of the Purchaser in each of the fiscal years ended December 31, 2004 and December 31, 2003, which customers accounted for greater than 95% of the Purchaser's revenues in each of the fiscal years ended December 31, 2004 and December 31, 2003, respectively. The Purchaser has not received any written notice or other written communication or written information indicating that any customer identified in Part 3.7 of the Purchaser Disclosure Schedule may cease dealing with the Purchaser or may otherwise materially reduce the volume of business transacted by such Person with the Purchaser below current levels.
Receivables; Customers. All existing accounts receivable of the Company (including those accounts receivable reflected on the unaudited consolidated balance sheet of the Company as of March 31, 1999 included in the Company SEC Documents (the "Company Balance Sheet") that have not yet been collected and those accounts receivable that have arisen since March 31, 1999 and have not yet been collected) (a) represent valid obligations of customers of the Company arising from bona fide transactions entered into in the ordinary course of business and (b) represent revenues that have been recognized in accordance with GAAP.
Receivables; Customers. (a) All existing accounts receivable of the Company (including those accounts receivable reflected on the Company Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since June 30, 2007, and have not yet been collected) (i) represent valid obligations of customers of the Company arising from bona fide transactions entered into in the ordinary course of business, (ii) and, to the Company's Knowledge, will be collected in full when due, without any counterclaim or set off (net of an allowance for doubtful accounts not to exceed $1,000 in the aggregate).
Receivables; Customers. (a) The Company has made available to Acquiror a list of all accounts receivable of the Company as of the Unaudited Interim Balance Sheet Date, together with an aging schedule indicating a range of days elapsed since invoice.
Receivables; Customers. All existing accounts receivable of the Acquired Corporations (including those accounts receivable reflected on the Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since September 30, 1999 and have not yet been collected) (a) represent valid obligations of customers of the Acquired Corporations arising from bona fide transactions entered into in the ordinary course of business, (b) are current and, to the Company's knowledge, will be collected in full when due, without any counterclaim or set off (net of an allowance for doubtful accounts not to exceed $966,000 in the aggregate). The Company has not received any written notice or other written (including electronic) communication, and has not received any other information, indicating that any customer or other Person accounting for more than 10% of the gross revenues received by the Acquired Corporations from the sale of the Company's BladeRunner and QuickSilver products since the launch of such products may cease dealing with the Company or may otherwise reduce the volume of business transacted by such Person with the Company below historical levels.
