ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller shown on the Interim Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.05). SCHEDULE 7.23 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of the Cellular System, listing the total amounts of subscriber receivables and the aging of such subscriber receivables of the Cellular System based on the following Schedule: 0-30 days, 31-60 days, 61-90 days and over 90 days, from the date thereof.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Company which are Acquired Assets and shown on the December Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs. Schedule 6.21 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of the Business, listing the total amounts of customer receivables and the aging of such customer receivables based on the following Schedule: 0-30 days, 31-60 days, 61-90 days and over 90 days, from the date thereof.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of the Company and its Subsidiaries shown on the February Balance Sheet were generated for valid consideration in the ordinary course of business. Attached as Schedule 3.8 is a true, complete and accurate list as of February 28, 1999 of (i) the amount of accounts receivable of the Company and its Subsidiaries which had not been paid within sixty (60) days of the date due and the amount thereof and which had not been paid within ninety (90) days of the date due and the amount thereof, (ii) the aggregate amount of accounts receivable of the Company and its Subsidiaries that were written off in each of fiscal year 1997 and fiscal year 1998 and (iii) the aggregate amount of obligations owed to the Company or any of its Subsidiaries which have been classified as bad debts, and with respect to each such obligation in excess of $1,000, the name of each debtor and the total amount due from each such debtor.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of the Company and its Subsidiaries shown on the Statement Date Balance Sheet were generated for valid consideration in the ordinary course of business.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of the Company or the Partnership shown on the September Balance Sheets or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business, are subject to no asserted counterclaims, defenses or setoffs and will be fully collectible within 90 days of Closing (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 2.04). SCHEDULE 4.24 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of the Cellular System, listing the total amounts of subscriber receivables and the aging of such subscriber receivables based on the following Schedule: 0-30 days, 31-60 days, 61-90 days and over 90 days, from the date thereof.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller shown on the June Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Primary Closing in accordance with Section 5.05). SCHEDULE 7.21 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of Seller, listing the total amounts of subscriber accounts receivable and the aging of such subscriber receivables.
ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller shown on the June Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.05). Seller has furnished Purchaser with a true, complete and accurate copy of an Accounts Status Aging Report relating to the Invoice Date August 19, 1997, as generated by Seller on August 22, 1997 utilizing the ITDS billing system.
ACCOUNTS RECEIVABLE AND BAD DEBTS. To Sellers' knowledge, except as set forth on Schedule 7.14, all of the existing accounts receivable of Sellers reflected in the April 30, 1999 Interim Statement represent, and the accounts receivable reflected on the books of Sellers on the date hereof represent, valid obligations owing to Sellers and arising from sales actually made, or services actually performed in the ordinary course of its business. Unless paid prior to Closing or set forth on Schedule 7.14, the accounts receivable are current (less than 120 days) and collectible, in full, net of the respective reserves shown on the April 30, 1999 Interim Statement or on the books of Sellers as of the date hereof. Such reserves are adequate and calculated consistent with past practices. Notwithstanding the foregoing, the representations made in this Section 7.14 are conditional upon Buyer applying payments it collects on receivables of a customer (irrespective of whether such receivables arose before or after the Closing) against the oldest outstanding receivables of such customer, irrespective of whether the oldest receivables are contested by such customer. To Sellers' knowledge, as of the date hereof, there is no contest, claim or right of set-off, other than returns in the ordinary course of business, with respect to any of the accounts receivable.
ACCOUNTS RECEIVABLE AND BAD DEBTS. Except for a mortgage note in the approximate face amount of $133,000 involving real property on South Park Avenue, Buffalo, New York, all notes and accounts receivable of Selling Group shown on the Current Financial Statements or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves for bad debts as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.04). SCHEDULE 7.22 attached hereto sets forth a true, materially complete and accurate list of all such reserves and a list of the accounts receivable and the aging of such customer receivables as of February 22, 1999.
ACCOUNTS RECEIVABLE AND BAD DEBTS. Schedule 4.25 attached hereto sets forth a complete and accurate list of all accounts receivable of each Company Party as of March 31, 2014, which list sets forth the aging of such accounts receivable. Each account receivable listed on Schedule 4.25 is a valid and enforceable claim and subject to no set-off or counterclaim (except as reflected in the Financial Statements or otherwise in the ordinary course of business), is genuine and subsisting, and shall be collected in the ordinary course of business within ninety (90) days after the date on which it is due and payable.
