Collectibility of Accounts Receivable. All of the Accounts Receivable of Seller are or will be as of the Closing Date bona fide, valid and enforceable claims, subject to no setoff or counterclaim and to Seller's knowledge are collectible in accordance with their terms. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, or from any of their respective spouses or family members.
Collectibility of Accounts Receivable. All of the accounts and notes ------------------------------------- receivable of the Companies or any Subsidiary shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Neither Company nor any Subsidiary has any accounts or loans receivable from any person, firm or corporation which is affiliated with either Company or any Subsidiary or from any director, officer or employee of either Company or any Subsidiary, except as disclosed in Schedule 2.12 attached hereto, and all ------------- accounts and loans receivable of Amerivend from any such person, firm or corporation shall be paid in cash prior to the Closing, or shall be included in indebtedness of Amerivend in accordance with Section 1.03 hereof.
Collectibility of Accounts Receivable. The Accounts Receivable are bona fide, good and collectible at the aggregate recorded amounts within 120 days of the Closing Date, except to the extent of any reserves provided for such accounts in the Books and Records of the Company, which reserves have been established in accordance with generally accepted accounting principles and are adequate. The Accounts Receivable are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. The Accounts Receivable are good and collectible at the aggregate recorded amounts, except to the extent of any reserves provided for such accounts in the Balance Sheet as adjusted in the ordinary and usual course of business, and are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. All of the accounts ------------------------------------- receivable of the Company (less the reserve for bad debts set forth on the Base Balance Sheet and subject to contractual allowances consistent with the past practices of the Company) are valid and enforceable claims, and are not subject to set off or counterclaim, provided that the foregoing representation is not a guarantee of collectibility. The Company does not have any accounts receivable or loans receivable from any person, firm or corporation which is affiliated with the Company or any Principal or from any stockholder, director, officer or employee of the Company or any affiliate thereof, except as referred to in Schedule 1.2(a)(i). Schedule 2.8 lists the accounts receivable of the Company as ------------------ ------------ of September 30, 1996.
Collectibility of Accounts Receivable. All of the accounts receivable of Seller (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, except as disclosed on Schedule 2.09, and all accounts and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
Collectibility of Accounts Receivable. All of the accounts receivable of the Company shown or reflected on the Company's balance sheet as of June 30, 1997, included as part of Schedule 3.8, or existing at the date this representation is given (less the reserve for bad debts set forth on the Company's balance sheet as of June 30, 1997 included as part of Schedule 3.8 are and will be at the Closing, valid and enforceable claims, fully collectible and subject to no set off or counterclaim. The Company does not have any accounts or loans receivable from any person, firm or corporation or other entity which is affiliated with the Company or from any director, officer, stockholder, member or employee of the Company except as disclosed in Schedule 3.10 hereto.
Collectibility of Accounts Receivable. All of the accounts receivable of the Company shown in the financial statements included or incorporated by reference in the Company SEC Reports or acquired thereafter are valid obligations arising from sales actually made or services actually performed by the Company in the ordinary course of business. Except as reserved against in the financial statements included or incorporated by reference in the Company SEC Reports, such accounts receivable are or will be collectible in full and are not subject to any setoff or counterclaim (other than returns in the ordinary course of business of the Company). The Company has no accounts or loans receivable from any Person which is affiliated with the Company or from any director, officer or employee of the Company.
Collectibility of Accounts Receivable. All of the accounts receivable of Seller (less the reserve for bad debts) are or will be at the Closing valid and enforceable claims, fully collectible (to the knowledge of Seller and Stockholder) and subject to no set off or counterclaim and do not relate to sales pursuant to which the Seller is potentially obligated, following the Closing, to (a) accept the return of products sold, (b) provide any additional services or (c) grant any payment terms not in the ordinary course of business. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, except as disclosed on Schedule 2.9, and all accounts and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
Collectibility of Accounts Receivable. All of the accounts ------------------------------------- receivable of the Company shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. The Company does not have any accounts or loans receivable from any person, firm or corporation which is affiliated with the Company or from any director, officer or employee of the Company, except as disclosed in Schedule 2.12 attached hereto, and all accounts ------------- and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
