Common use of Accounts and Notes Receivable and Payable Clause in Contracts

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of Sellers and the Operating Subsidiaries have arisen from bona fide transactions in the Ordinary Course of Business, and in the case of accounts and notes receivable that are not Excluded Assets, are payable on ordinary trade terms and are reflected on the books and records of Sellers and the Operating Subsidiaries in accordance with GAAP consistently applied, including reserves for returns and doubtful accounts.

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of Sellers the Businesses and the Operating Transferred Subsidiaries included in the Assets have arisen from bona fide transactions in the Ordinary Course ordinary course of Business, and in the case of accounts and notes receivable that are not Excluded Assetsbusiness consistent with past practices, are payable on ordinary trade terms and are reflected on the books and records of Sellers and the Operating Subsidiaries in accordance with GAAP consistently applied, including reserves for returns and doubtful accountsterms.

Accounts and Notes Receivable and Payable. (a) All accounts and notes receivable of Sellers the Company and the Operating its Subsidiaries have arisen from bona fide transactions in the Ordinary Course of Business, Business consistent with past practice and in the case of accounts and notes receivable that are not Excluded Assets, are payable on ordinary trade terms and terms, are properly reflected on the Company’s and the Subsidiaries’ books and records of Sellers and the Operating Subsidiaries properly reserved for with respect to doubtful accounts, all in accordance with GAAP consistently applied, including reserves for returns and doubtful accountsGAAP.