Accounts Payable and Receivable. All accounts payable and expenses related to operations of the Property which have accrued before the Closing Date shall, except as otherwise expressly provided herein, be paid by Seller on or before the Closing Date and all accounts payable and expenses arising after the Closing Date which are incurred by or at the direction of Buyer outside of this Agreement will be Buyer's sole responsibility. Buyer shall not acquire accounts receivable from Seller, and there shall be no adjustments or prorations therefor; provided, however, that Buyer shall use reasonable efforts (excluding litigation and other collection procedures) for a period of six months after the Closing Date to collect on behalf of Seller all accounts receivable outstanding as of Closing. Buyer shall remit all amounts collected therefor to Seller upon Buyer's receipt of same. Buyer shall also remit to Seller, upon Buyer's receipt of the same, all other amounts received by Buyer in payment of Seller's accounts receivable, at any time thereafter. For the period from the Closing Date to six months thereafter, Seller shall have the right, but not the obligation, to institute a lawsuit or other collection procedure or action to collect any past due rents or other amounts due under the Tenant Leases prior to Closing. Any past due rents or other amounts due under the Tenant Leases prior to Closing paid directly to Seller specifically in settlement of such amounts shall be retained by Seller. Any rents collected from former tenants whose lease was terminated prior to Closing shall be Seller's property.
Accounts Payable and Receivable. The Company and, prior to the Spin-Off Matrix, shall, and shall cause their respective Subsidiaries to, process and pay all of their respective accounts payable and process and collect all of their respective accounts receivable, in each case, in the ordinary course of business consistent with the applicable payment terms, including with respect to applicable payment terms for each particular vendor and customer, and including as to the timing of payment or collection (in each case solely with respect to the SpinCo Business, the SpinCo Assets and the SpinCo Liabilities).
Accounts Payable and Receivable. 4.1. Responsible for completion of, end to end- single point of contact, daily processing of accounts receivable requests and tasks including invoicing and credit control for delegated cost centres and projects.
Accounts Payable and Receivable. The National Skills Fund uses a policy whereby advances should be paid back in the same year that it is granted. There was no movement in the accounts payable, amounting to R3 091 000 and the accounts receivable, amounting to R1 141 000 between the current and prior year. The NSF could not provide any supporting documentation to support these amounts. For the items included in 3.2 to 3.4 no alternative audit procedures could be performed.
Accounts Payable and Receivable. The DDA shall be responsible for all materials, supplies, and services rendered that were ordered or contracted for or by DDA for the performance of any service, duty, responsibility or obligation to be provided herein by DDA.
Accounts Payable and Receivable. Stereophile shall remain obligated for and shall pay all accounts payable incurred in connection with the publication of the Publications through the Closing. Stereophile shall also remain obligated for and shall pay all wages, benefits, vacation, sick leave and other benefit accruals through the date of Closing for all employees who cease being employees of Stereophile, whether or not they become employees of NewCo. Stereophile shall be entitled to collect and retain all accounts receivable or other rights to receive money or property earned or accrued prior to Closing.
Accounts Payable and Receivable. A true, accurate, and complete statement of the accounts payable and receivable of the Company as of November 30, 2007 is as set forth on Schedule 3.30 hereto. There has been no material change in the balance of accounts payable and accounts receivable since that date other than changes consistent with past practices of the Company in the ordinary course of business. All accounts payable and receivable are valid obligations arising from sales actually made or services actually performed by the Company in the ordinary course of business. All accounts receivable are collectible in the ordinary course of business.
Accounts Payable and Receivable. Accelerate or delay the payment of any material accounts payable or extend or make any agreement to extend the payment terms of any accounts receivable.
Accounts Payable and Receivable. A summary statement of the accounts payable and receivable of the Company as of September 30, 2007 is as set forth on Schedule 3.29 hereto. There has been no material change in the balance of accounts payable and accounts receivable since that date other than changes consistent with past practices of the Company in the ordinary course of business. All accounts receivable are collectible in the ordinary course of business.
Accounts Payable and Receivable. Set forth on Schedule 4.1(S) under the sub-heading “Payables” is a true and complete list of all payables owed by the Seller as of the Closing Date, totaling $56,081 in the aggregate (the “Payables”). Payables shall also include (i) any amounts accrued but not yet due or payable under any of the Purchased Commitments for the purchase of inventory and (ii) any amounts accrued but not yet due or payable under any of the Purchased Commitments not involving the purchase of inventory provided that such amounts shall not exceed $3,000 in the aggregate. Set forth on Schedule 4.1(S) under the sub-heading “Receivables” is a true and complete list of all receivables owing to the Seller as of the Closing Date, totaling $201,959 in the aggregate (the “Receivables”). There are no other payables owing by the Seller or receivables owing to the Seller.
