Accounts Receivable; Accounts Payable. (a) Except as set forth on Schedule 6.10, all of the accounts receivable owing to the Medical Group in connection with the Medical Business as of the date hereof constitute valid and enforceable claims arising from bona fide transactions in the ordinary course of the Medical Business, the amounts of which are actually due and owing, and as of the date hereof, to the best knowledge of the Medical Group, there are no claims, refusals to pay or other rights of set-off against any thereof. Except as set forth on Schedule 6.10, as of the date hereof, there is (i) no account debtor or note debtor of the Medical Business delinquent in its payment by more than 60 days, (ii) no account debtor or note debtor of the Medical Business who or which has refused to pay its obligations for any reason or is the subject of a bankruptcy proceeding and (iii) no account receivable or note receivable of the Medical Business pledged to any third party. (b) All accounts payable and notes payable by the Medical Business to third parties arose in the ordinary course of business and, except as set forth in Schedule 6.10, there is no account payable or note payable past due or delinquent in its payment.
Appears in 4 contracts
Samples: Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc)
Accounts Receivable; Accounts Payable. (a) Except as set forth on Schedule 6.107.12, all of the accounts receivable owing to the Medical Group Management Company in connection with the Medical Management Business as of the date hereof constitute valid and enforceable claims arising from bona fide transactions in the ordinary course of the Medical Management Business, the amounts of which are actually due and owing, and as of the date hereof, to the best knowledge of the Medical GroupManagement Company, there are no claims, refusals to pay or other rights of set-off against any thereof. Except as set forth on Schedule 6.107.12, as of the date hereof, there is (i) no account debtor or note debtor of the Medical Management Business delinquent in its payment by more than 60 days, (ii) no account debtor or note debtor of the Medical Management Business who or which has refused to pay its obligations for any reason or is the subject of a bankruptcy proceeding and (iii) no account receivable or note receivable of the Medical Management Business pledged to any third party.
(b) All accounts payable and notes payable by the Medical Management Business to third parties arose in the ordinary course of business and, except as set forth in Schedule 6.107.12, there is no account payable or note payable past due or delinquent in its payment.
Appears in 3 contracts
Samples: Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc), Management Services Agreement (BMJ Medical Management Inc)
Accounts Receivable; Accounts Payable. (a) Except as set forth on Schedule 6.105.10, all of the accounts receivable owing to the Medical Group or the Former PC in connection with the Medical Business as of the date hereof constitute valid and enforceable claims arising from bona fide transactions in the ordinary course of the Medical Business, the amounts of which are actually due and owing, and as of the date hereof, to the best knowledge of the Medical Group, there are no claims, refusals to pay or other rights of set-off against any thereof. Except as set forth on Schedule 6.105.10, as of the date hereof, there is (i) no account debtor or note debtor of the Medical Business delinquent in its payment by more than 60 days, (ii) no account debtor or note debtor of the Medical Business Group who or which has refused to pay his, her or its obligations for any reason or is the subject of a bankruptcy proceeding and (iiiii) no account receivable or note receivable of the Medical Business pledged to any third party. The Medical Group has provided the Management Company with an accounts receivable aging report dated as of July 31, 1997 that is true and complete as of the date thereof.
(b) All accounts payable and notes payable by the Medical Business to third parties arose in the ordinary course of business and, except as set forth in Schedule 6.105.10, there is no account payable or note payable past due or delinquent in its payment.
Appears in 1 contract
Samples: Management Services Agreement (BMJ Medical Management Inc)
Accounts Receivable; Accounts Payable. (a) Except as set forth on Schedule 6.10, all of the accounts receivable owing to the Medical Group in connection with the Medical Business as of the date hereof constitute valid and enforceable claims arising from bona fide transactions in the ordinary course of the Medical Business, the amounts of which are actually due and owing, and as of the date hereof, to the best knowledge of the Medical Group, there are no claims, refusals to pay or other rights of set-off against any thereof. Except as set forth on Schedule 6.10, as of the date hereof, there is there
(i) no account debtor or note debtor of the Medical Business delinquent in its payment by more than 60 days, (ii) no account debtor or note debtor of the Medical Business who or which has refused to pay its obligations for any reason or is the subject of a bankruptcy proceeding and (iii) no account receivable or note receivable of the Medical Business pledged to any third party.
(b) All accounts payable and notes payable by the Medical Business to third parties arose in the ordinary course of business and, except as set forth in Schedule 6.10, there is no account payable or note payable past due or delinquent in its payment.
Appears in 1 contract
Samples: Management Services Agreement (BMJ Medical Management Inc)