Accounts Payable and Accounts Receivable. Except in the ordinary course of business, take any action reasonably likely to (i) accelerate the payment of customer accounts receivable (including by shortening payment terms, providing incentives for early payment or otherwise), or (ii) delay the payment on accounts payable to suppliers, vendors or others;
Accounts Payable and Accounts Receivable. (a) No Group Company is delinquent in its payment of any accounts payable or accrued liability as of the date hereof, and no such accounts payable or accrued liabilities have been deferred (regardless of whether such Group Company and the third party have agreed to such deferral).
Accounts Payable and Accounts Receivable. (a) No later than fifteen (15) business days following the Closing, Seller shall deliver to Buyer a statement prepared by Seller in good faith, certified by the chief accounting officer of Seller on behalf of Seller, setting forth a list of (i) all accounts receivable of the Business as of the Closing Date and (ii) all accounts payable of the Business as of the Closing Date, in each case, based on the actual knowledge of such chief accounting officer.
Accounts Payable and Accounts Receivable. (i) Except as set forth on Schedule 5.07(f), all of the accounts payable of the Company and its Subsidiaries, whether reflected in the balance sheets referred to in Section 5.07(a), on the Closing Balance Sheet or otherwise on the books of the Company and its Subsidiaries on the Closing Date, (A) were (or will have been as of the Closing Date) incurred in the ordinary course of the Company’s business consistent with past practice, (B) arose or will arise from the purchase of goods or services on customary trade terms in the ordinary course of business, (C) accurately reflect all amounts owed by the Company and its Subsidiaries with respect to trade accounts due and other payables as of the respective dates thereof or the Closing Date, as the case may be, and (D) are not secured by any Lien, except for Permitted Liens. The charges, accruals and reserves on the books of the Company and its Subsidiaries in respect of the accounts payable were calculated in a manner consistent with GAAP and are adequate. Since June 30, 2003, neither the Company nor any of its Subsidiaries has paid any of its accounts payable after the date on which the Company or such Subsidiary would have paid such account payable in the ordinary course of the Company’s business consistent with past practice.
Accounts Payable and Accounts Receivable. All of the accounts payable of the Company reflected in the Balance Sheet were, and those reflected on the books of the Company on the Closing Date will have been, as of the Closing Date, incurred in the ordinary course of the Company's business. All Accounts Receivable of the Company reflected in the Balance Sheet have arisen, and those reflected on the books of the Company on the Closing Date will arise, from bona fide transactions in the ordinary course of business of the Company. The charges, accruals and reserves on the books of the Company in respect of the accounts payable and the Accounts Receivable were calculated in a manner consistent with past practice. The Company has not accelerated the collection of its Accounts Receivable, or slowed down the payment of accounts payable, in each case, outside the ordinary course of the Company's business.
Accounts Payable and Accounts Receivable. RMTD shall assume all liability of LOTS with respect to all accounts payable (the “Accounts Payable”), and shall be entitled to all accounts receivable of LOTS, as of the Closing Date (as hereinafter defined), whether or not incurred prior to or after the same. The Parties shall cooperate with one another following the Closing Date to ensure that all accounts payable and accounts receivable are properly allocated and paid in accordance with the preceding sentence.
Accounts Payable and Accounts Receivable. The Vendors’ Disclosure Letter contains a true and complete aged list of all Accounts Payable and a true and complete aged list of all Accounts Receivable, in each case as of August 31, 2019. The Accounts Receivable shown on the Interim Balance Sheets (subject to reserves for non- collectability as reflected therein) and all receivables acquired or generated by the Acquired Companies since May 31, 2019 are bona fide receivables and represent amounts due with respect to actual arm’s length transactions entered into in the ordinary course of business consistent with past practice and are collectable at their recorded amounts. Any reserves for non-collectability have been reflected on the Interim Balance Sheets in accordance with IFRS and are adequate. No such receivable has been assigned or pledged to any other Person and no defence of set-off or similar right to any such receivable has been asserted by the account obligor. There has been no Material Adverse Change since the date of the Financial Statements in the amount of Accounts Receivable or other debts due to any of the Acquired Companies or the allowances with respect thereto, or Accounts Payable of the Acquired Companies, from that reflected in the Financial Statements.
Accounts Payable and Accounts Receivable. All accounts payable of the ---------------------------------------- Business accrued prior to the Effective Time are the sole responsibility of Intek and all accounts receivable of the Business accrued prior to the Effective Time are owned by Intek. All accounts payable of the Business accrued after the Effective Time are the sole responsibility of Spider and all accounts receivable of the Business accrued after the Effective Time are owned solely by Spider. Spider shall be responsible for payments for ordinary course items, whether accrued before or after the Effective Time, if Spider is the beneficiary thereof (e.g., supplies ordered before the Effective Time, but received after the Effective Time if not subject to the Sublease and Resource Sharing Agreement). If Intek or Spider receives any correspondence or payment related to an obligation, liability or asset of the other, the receiving party shall promptly forward it to the other party. If a payment is received from a person which owes funds to both Intek and Spider, the following procedures shall be followed:
Accounts Payable and Accounts Receivable. Corporation and Buyer, on or immediately following the Closing, will establish a protocol and procedures to redirect incorrect payables billed to Corporation or Buyer (“Protocol”). The Protocol will also address redirecting accounts receivable incorrectly received by Corporation or Buyer. Corporation and Buyer will in good faith follow in a timely manner the Protocol.
Accounts Payable and Accounts Receivable. (i) From and after the Closing Date, in the event that GateField pays any outstanding Account Payable listed in Schedule 2.2(a)(i) attached hereto, Actel shall reimburse GateField cash in the actual amount paid by GateField, as soon as possible after receipt by Actel of documents necessary and appropriate to evidence such payment by GateField.
