Accounts Receivable; Notes Receivable. The accounts receivable (other than that certain receivable from Xxxxxxx in the amount of $108,000) and notes receivable set forth in the Financial Statements and the accounts receivable of MMI arising after that date represent valid claims payable to MMI for the provision of services or other charges arising in the ordinary course of business of MMI on or before the date thereof and are enforceable in accordance with their terms. Each of the account receivables (other than that certain receivable from Xxxxxxx in the amount of $108,000) or note receivables on such Financial Statements, constitute valid claims arising from bona fide transactions in the ordinary course of MMI's business and are not subject to any claim for set-off, reduction or rebate.
Accounts Receivable; Notes Receivable. The accounts receivable and notes receivable set forth in the Financial Statements for the period ended December 31, 1997 and the accounts receivable of PGM arising after that date represent valid claims payable to PGM for the provision of services or other charges arising in the ordinary course of business of PGM on or before the date thereof. Each of the account receivables or note receivables on such Financial Statements, constitute valid claims arising from bona fide transactions in the ordinary course of PGM's business and are not subject to any claim for set-off, reduction or rebate.
Accounts Receivable; Notes Receivable. The accounts receivable and notes receivable set forth in the financial statements of Purchaser for the period ended December 31, 1997 and the material accounts receivable of Purchaser arising after that date represent valid claims payable to Purchaser for the provision of services or other charges arising in the ordinary course of business of Purchaser on or before the date thereof. Each of the account receivables or note receivables on such Financial Statements, constitute valid claims arising from bona fide transactions in the ordinary course of Purchaser's business and are not subject to any claim for set-off, reduction or rebate.
Accounts Receivable; Notes Receivable. SCHEDULE 3.10 contains a ------------------------------------- summary of the accounts receivable of MCBA as of September 30, 1997, together with an accurate aging of such accounts receivable. The accounts receivable set forth on SCHEDULE 3.10 and those outstanding and unpaid as of the Closing Date that will be reflected in the Closing Date Balance Sheet (together, the "Accounts Receivable") arose out of or will arise out of the bona fide furnishing of goods and services, each in the operation of the business of MCBA, and require or will require no additional performance by MCBA. To the best of MCBA's and the Selling Shareholders' knowledge the Accounts Receivable are collectible at their full amounts, subject only to the amount of any bad debt allowance reflected on the Closing Date Balance Sheet. Except as set forth on SCHEDULE 3.10, the notes receivable are obligations of current customers of MCBA, whether on an open account or cash on delivery basis, and there are no disputes between MCBA and any obligor under any such note receiv- able with respect to the amount owing or the payment terms thereunder. MCBA has provided STG with accurate information concerning amounts and aging of Accounts Receivable and with an accurate customer list of MCBA. MCBA shall prepare an Accounts Receivable report as of the end of the business day preceding the Closing Date (the "Report") which shall include MCBA's trade accounts receivable arising out of the operation of MCBA's business in the ordinary course which are unpaid as of the Closing Date and which reconciles to the Closing Date Balance Sheet. The Report shall be attached hereto as of the Closing Date as SCHEDULE 3.10.
Accounts Receivable; Notes Receivable. Schedule 3.9 contains a summary ------------------------------------- of the accounts receivable of IDP as of the date hereof, together with an accurate aging of such accounts receivable. The accounts receivable set forth on Schedule 3.9 and those that will be reflected in the Closing Balance Sheet (together the "Accounts Receivable") arose out of or will arise out of the bona fide furnishing of goods and services, each in the operation of the business of IDP, and require or will require no additional performance by IDP. To the best knowledge of IDP, the Accounts Receivable are collectible at their full amounts, subject only to amount of the bad debt allowance reflected on the Closing Balance Sheet. Except as set forth on Schedule 3.9, the notes receivable are obligations of current customers of IDP, whether on an open account or cash on delivery basis, and there are no disputes between IDP and any obligor under any such note receivable with respect to the amount owing or the payment terms thereunder. IDP has provided WMT with accurate information concerning amounts and aging of Accounts Receivable and with an accurate customer list of IDP.
Accounts Receivable; Notes Receivable. All accounts and notes receivable of the Company have arisen in the ordinary course of business, represent valid obligations to the Company for sales made, services performed or other charges, are not subject to claims or set-off, or other defenses or counter-claims, and, subject only to consistently recorded reserves for bad debts (which has been recorded on the Financial Statements and books and records of the Company in accordance with GAAP on a consistent basis in a manner consistent with past practice), have been collected or are collectible in the aggregate recorded amounts thereof in accordance with their terms. All items which are required by GAAP to be reflected as accounts and notes receivable on the Financial Statements and on the books and records of the Company are so reflected and have been recorded in accordance with GAAP on a consistent basis in a manner consistent with past practice. The Company has properly perfected in accordance with Applicable Law, to the extent applicable, enforceable interests (or title) in such accounts and notes receivable or other security interests related to such receivables.
Accounts Receivable; Notes Receivable. SCHEDULE 3.9 contains a ------------------------------------- summary of the accounts receivable of IPI as of October 31, 1995, together with an accurate aging of such accounts receivable. The accounts receivable arose out of the bona fide furnishing of goods and services, each in the operation of the business of IPI, and require no additional performance by IPI. The accounts receivable are collectible at their full amounts. Except as set forth on SCHEDULE 3.9, the notes receivable are obligations of current customers of IPI or employees of IPI, whether on an open account or cash on delivery basis, and there are no disputes between IPI and any obligor under any such note receivable with respect to the amount owing or the payment terms thereunder. IPI has pro- vided WMT with accurate information concerning amounts and aging of accounts receivable and with an accurate customer list of IPI. All of such notes receivable will be transferred to IPI*GrammTech, Inc. prior to Closing.
Accounts Receivable; Notes Receivable. Schedule 3.7 contains a summary of the accounts receivable of Ebetech as of February 28, 1997, together with an accurate aging of such accounts receivable. The accounts receivable arose out of the bona fide furnishing of goods and services, each in the operation of the business of Ebetech, and require no additional performance by Ebetech to render them valid. Except as set forth on Schedule 3.7, the notes receivable are obligations of current customers of Ebetech, whether on an open account or cash on delivery basis, and there are no disputes between Ebetech and any obligor under such note receivable with respect to the amount owing or the payment terms thereunder. Sellers have provided Etec with accurate information concerning amounts and aging of accounts receivable and with an accurate customer list of Ebetech. Sellers have no knowledge of any non-collect ability of such amounts at present.
Accounts Receivable; Notes Receivable. Schedule 3.10 contains a ------------------------------------- summary of the accounts receivable of Sitebridge as of March 31, 1999, together with an accurate aging of such accounts receivable. The accounts receivable set forth on Schedule 3.10 and those outstanding and unpaid as of the Closing Date (together, the "Accounts Receivable") arose out of or will arise out of the bona fide furnishing of goods and services, each in the operation of the business of Sitebridge. To the best of Sitebridge's and the Founders' knowledge, the Accounts Receivable reflected in the Sitebridge Financial Statements are collectible at their full amounts, subject only to the amount of any bad debt allowance reflected on the Sitebridge Financial Statements. Except as set forth on Schedule 3.10, the notes receivable are obligations of current customers of Sitebridge, whether on an open account or cash on delivery basis, and there are no material disputes between Sitebridge and any obligor under any such note receivable with respect to the amount owing or the payment terms thereunder. Sitebridge has provided eGain with materially accurate information concerning amounts and aging of Accounts Receivable and with an accurate customer list of Sitebridge.
Accounts Receivable; Notes Receivable. Seller has delivered to Buyer a schedule of accounts receivable of the Business as of December 31, 2003. All the accounts receivable of Seller included in the Transferred Assets as of the Closing Date will be existing and originating from agreements validly entered into in the ordinary course of business. To Seller’s Knowledge, such accounts receivable will be collectible for their entire nominal amount (net of any reserves set forth in the Final Closing Statement) in the ordinary course consistent with past practice. Except as disclosed in Schedule 4.6, after giving effect to the Contribution in Kind, there will be no notes receivable of Seller included in the Transferred Assets owing by any Person in the capacity as a director, officer, shareholder, employee or Affiliate of Seller that have not been paid in full prior to the date hereof or shall be paid in full prior to the Closing Date.
